Bitcoin price today opened at $74,335, down 1.6% over 24 hours, Yahoo Finance 
reported, as the asset absorbed the weekend&#8217;s Iran escalation significantly 
better than oil, which surged over 5%, and European equities, which fell over 
1%. Bitcoin (BTC) price…

Bitcoin Proves More Resilient Than Oil as Iran Tensions Resurge Monday

The IDF&#8217;s actions cast doubt on ceasefire stability, potentially impacting 
regional peace efforts and related geopolitical markets.
The post IDF blocks civilian return to southern Lebanon post-ceasefire 
appeared first on Crypto Briefing.

IDF blocks civilian return to southern Lebanon post-ceasefire

A crypto analyst has pointed out how a Symmetrical Triangle forming on the 
12-hour XRP price could hint at a notable move ahead for the asset. XRP Is 
Potentially Moving Inside A Symmetrical Triangle In a new post on X, analyst 
Ali Martinez has shared a technical analysis (TA) pattern that XRP has 
recently been consolidating inside. The pattern in question is a &#8220;Symmetrical 
Triangle,&#8221; which involves a consolidation channel that, as its name suggests, 
is shaped like a triangle. It involves two converging trendlines, with the 
upper one acting as a source of resistance and the lower one that of support. 
Related Reading: Bitcoin Coinbase Premium Turns Red: Bearish Signal? The main 
feature of a Symmetrical Triangle that sets it apart from other triangular 
channels is that its trendlines approach each other at a roughly equal and 
opposite angle. This means that as the asset travels inside this channel, its 
range shrinks down to a mid-point. Like with other TA patterns, breaks out of 
triangles also imply a possible continuation of trend in that direction. That 
is, a surge above the pattern can be a bullish sign, while a drop under it a 
bearish one. Now, here is the chart shared by Martinez that shows the 
Symmetrical Triangle that the 12-hour XRP price has been trading inside for 
the last couple of months: As displayed in the above graph, the 12-hour XRP 
price briefly retested the upper level of the Symmetrical Triangle last week, 
but the coin ended up getting rejected. Since then, it has declined toward the 
midway line of the triangle. From this position, it&#8217;s hard to say which 
trendline the cryptocurrency will retest next, but it&#8217;s possible that the next 
few retests could end in a breakout, based on the asset&#8217;s advance within the 
channel. It&#8217;s visible in the chart that XRP isn&#8217;t far from the apex of the 
triangle, meaning that its range within the triangle has significantly 
tightened. Generally, a tighter range implies a higher chance of a breakout. 
As for what kind of move a breakout from this Symmetrical Triangle can lead 
to, the analyst has highlighted a potential 35% target based on the height of 
the channel. It now remains to be seen which way the price will escape from 
this triangle and whether a move of a scale anything like this will follow. 
Related Reading: Bitcoin Rally Stalls As 60,000 BTC From STHs Hits Exchanges 
In some other news, XRP saw its SuperTrend flip bullish on the daily timeframe 
recently, as Martinez has pointed out in another X post. This is the first 
time since January that the indicator has given this signal. &#8220;After months of 
&#8220;sell&#8221; pressure, we are officially seeing a buy signal that anticipates a 
major comeback in XRP&#8217;s trend,&#8221; explained the analyst. XRP Price XRP surged to 
$1.50 on Friday, but the cryptocurrency has since declined back to the $1.41 
mark. Featured image from Dall-E, chart from TradingView.com

Is XRP Gearing Up For A 35% Move? This Pattern May Suggest So

The potential US-Iran talks in Islamabad could influence diplomatic relations 
and market dynamics, despite low odds of immediate success.
The post Iran sends delegation to Islamabad for US talks, high-level 
attendance expected appeared first on Crypto Briefing.

Iran sends delegation to Islamabad for US talks, high-level attendance expected

Heightened geopolitical tensions and tech vulnerabilities could destabilize US 
credit markets, impacting economic stability and investor confidence.
The post Fitch warns Iran war, software disruption pose risks to US credit 
appeared first on Crypto Briefing.

Cryptocurrency price in CNY