Bitcoin (BTC) price shows signs of weakness while Ripple's bank win fails to bolster XRP
Summary
Bitcoin traded below $80,000 and its 50-day moving average, with analysts citing failed support and identifying $80,000 as a key level; a break could expose $75,000 and $73,000. Bitcoin’s recent trading range has narrowed, which may precede a sharp move. Options markets imply an approximately 3% move around the Federal Reserve meeting. Separately, Ripple received U.S. regulatory approval to establish a national trust bank, potentially strengthening institutional custody, though this does not require customers to buy XRP. XRP was near $1.25, a support level watched by traders.
