While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.
Institutional adoption, inflation-hedge demand, and the nature of bitcoin’s fixed supply, will propel the cryptocurrency to new highs, the report said.
Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21–22 window, triggering a sharp selloff.