Bitcoin
The ascending trend continued showing signs of weakness on early Wednesday, even when the stocks of Wall Street Tech increased during the night in advance of the optimistic profits of the NVIDIA (NVDA) giant.
The leading criptomoned for market value quoted about $ 108,900 at the time of publication, causing a downward break of a line of trend that characterizes the upward trend since the minimum of the beginning of April, according to Data Source Coingcko.
Alcistas lines indicate areas of strong demand, so a movement below one is generally seen as a sign of a possible investment and a possible beginning of a downward movement.
The prices have not been able to obtain significant profits this week despite a large amount of positive news, including the plans of Stablecoin Issuer Circle to request an OPI and the average Trump plans to collect $ 2.5 billion to buy Bitcoin.
The activity in the chain suggests that large investors have begun to distribute coins, contributing to market sales pressure. “As of May 26, the cohort> 10k BTC has revolved to the net distribution (~ 0.3), indicating a notable change in the positioning among the largest holders,” said Glassnode in X. The company, however, added that, in general, the market remains in a mode of accumulation.
Grant in fed minutes and NVDA earnings
Later on Wednesday, the Center for Attention will be in the minutes of the May Meeting of the Federal Reserve, which will offer detailed information on the position of the Committee on Monetary Policy and the possible clues about future decisions of interest rates.
The Central Bank left the reference interest rate without changes earlier this month, with President Jerome Powell pointing directly to the tariff war of President Donald Trump as a source of inflation and uncertainty. Powell also “Stagflation” out loud.
It is likely that the acts reiterate the same, although the recent delay of the tariff by Trump means that the market may not pay much attention to auxiliary messages.
Meanwhile, the livestock announcement of the largest NVIDIA of AI could move the markets, particularly digital assets, given the positive historical correlation between BTC and NVDA.
The company is expected to report a strong growth and income growth, which drives the benefits of AI infrastructure investments. The approach will focus on the company’s perspective on the demand for AI and China in the midst of chips exports to China.
XRP contains key support
XRP centered on payments maintained the simple 200 -day mobile average (SMA) during trade during the night in the growing talk of social networks about XRPFI, or decentralized financing in the Book Mayor XRP.
Strobe Finance, who takes advantage of Ripple’s EvM Sidechain’s smart contract to create a defi platform in the XRP Book, declared that large amounts of Xro are currently inactive and can be implemented in Defi to obtain additional performance.
“Ripple community research reveals an important latent user base: more than 4 million inactive XRPL wallets have an estimated US $ 2.15 billion in XRP, compared to 1.7 million active wallets. This latent capital represents a large and direct market that hopes to be unlocking through OPPORTS Defi convincing,” Strobe said in a blog post.
The graph shows that XRP trades in Alcista territory, above the Ichimoku cloud and the simple 200 -day mobile average (SMA). The average has acted as a strong support or area of interest for buyers since the beginning of April.
