Ripple(XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious stance amid renewed tensions between the United States (US) and Iran.
Ethereum (ETH) extends gains above $2,400 on Thursday as investors return to the market, following renewed tensions between the United States (US) and Iran in the Middle East, which had triggered doldrums in the broadercryptocurrencymarket since last week.
Bitcoin (BTC) steadies around $77,700 on Thursday, trading sideways after its sharp rally during the second half of August. Institutional demand supports this range-bound price action, with spot Exchange Traded Funds (ETFs) recording mixed flows so far this week. Market participants remain cautious ahead of key economic data on Friday, which could provide fresh clues on the Federal Reserve’s (Fed) policy path and determine the Crypto King’s next directional move.
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