TikTok Shop is now Fold’s largest Bitcoin gift-card channel, but the quarter that made it so added about 1,500 verified accounts and a category that lost money.
Solana (SOL) slid to around $82 on Tuesday, November 10, dropping out of a descending channel that had framed its price since October 29. The break followed a hotter-than-expected U.S. inflation report that removed any chance of the Federal Reserve holding rates in December, pushing Bitcoin below $73,000 and dragging most altcoins with it.
XRP has fallen out of the channel that held every dip since late September, dropping 4.7% to $1.05 on Tuesday with a low just four cents above its August base.
Ethereum dropped 4.6% on Tuesday to $2,037, with a low of $2,006 after the CPI report, and has now unwound the late-August breakout back to its origin.
Bitcoin slipped below $74,000 on Tuesday as October's inflation report showed core prices rising at the same pace for a third month, leaving the daily candle just above its 200-day average.
XRP’s spot turnover jumped by more than half in two weeks, but the activity landed unevenly across exchanges, and the odd one out is the venue that was just hacked.
Solana’s $89 support gave out over the weekend, and the falling channel that left it exposed is now carrying its floor toward the 0.618 retracement near $85.
Zcash bounced off the floor of its rising channel on Monday, but the 50-day moving average overhead has started to turn lower, capping the channel’s upper half.
Ethereum’s two-day slide has pushed it below the 200-day moving average and into a narrow band above the multi-year rising trendline drawn from early 2021.
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