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XRP has seen a drastic drop in on-chain transaction volume, falling from 1.1 billion to just 100 million, raising concerns about liquidity and market health. Despite this, XRP's price remains steady at $3.10, maintaining bullish momentum above key moving averages, including the 50 EMA. Investors are closely watching resistance at $3.20 and $3.50, as a breakout could trigger a rally toward $4. However, declining active accounts and reduced transaction activity indicate a cooling ecosystem, potentially impacting demand and future price stability.
Meanwhile, the Shiba Inu (SHIB) community has received an urgent security warning from Susbarium | Shibarium Trust Watch about fraudulent websites impersonating official SHIB platforms. These scams aim to steal private keys and wallet credentials. Susbarium advised users to verify URLs, keep private keys confidential, and consult trusted sources before interacting with any platform. The community is urged to stay vigilant to protect their assets.
Tesla (NASDAQ: TSLA) reported a $600 million profit from Bitcoin holdings in Q4, benefiting from a new Financial Accounting Standards Board (FASB) rule allowing companies to report crypto at market value. Tesla initially acquired Bitcoin in 2021 but later sold 75% of its holdings. The company’s current Bitcoin assets are worth $1.1 billion, though they would have been valued at $2.4 billion had Tesla not liquidated earlier. Tesla shares rose over 4% in premarket trading, with Bitcoin gains bolstering earnings per share (EPS), which otherwise would have fallen short of expectations.
These developments highlight key movements in the crypto market, from XRP’s volume drop and SHIB scam alerts to Tesla’s Bitcoin windfall, shaping market sentiment and investor decisions.
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