Glasnody latest onChain gauges show the number of bitcoin Contract wallets over 1 bitcoin has hit a new All-time High (ATH), indicating investor optimism in crypto markets.

Glasnody latest onChain gauges show the number of bitcoin Contract wallets over 1 bitcoin has hit a new All-time High (ATH), indicating investor optimism in crypto markets.

court decision That XRP is not a security has caused positive reactions from market participantsas it is challenges The position of the Securities and Exchange Commission (SEC) on token classification.

Ripple CEO Brad Garlinghouse praised the ruling, emphasizing that it has the potential to positively affect others. digital symbols operating in United State. This legal victory is his triggered to rise in Alternative currency rates.

XRP experienced a short term price decline after a dramatic boom. that it currently with a value of $0.7285. XRP\’s price It increased by 54.02% during past week. With 53 billion XRP in circulation, and digital asset\’s market The maximum is $38.2 billion.

RSI value on The weekly timeframe is 83.84, which indicates a strong bullish trend. very important support It is located at $0.57, while a decisive close above the resistance area between $0.95 and $1 could pave the way for way for More winnings.

Strong Ethereum

Ethereum (ETH) faced a slight downturn, with that it price It fell to $1,937. ETH saw a 4.12% gain price He increases over the past week, brings investor confidence.

with market hat of 232.8 billion dollars and 120 million coins in Trading, Ethereum continues to consolidate market position.

RSI relative strength indicator on The weekly time frame reads 60.26, which indicates a positive trend. ETH is facing resistance at the $2,000 level, but A possible A breakout from this level could pay off price to $2,100 and $2,200.

Glassnode data reveals key ideas

Accompanying Ripple\’s victory, on-chain analytics company Glassnode has released new data. according to its scale, bitcoin continue display Strong fundamentals. the number of Addresses holding +1 BTC rose to an all-time high of 1,009,670, surpassing the previous ATH set on July 14th.

Moreover, the amount of BTC accumulated or lost reached 5-year summit of 7,775,675,766 BTC, reflecting the growing confidence among investors to hold on to their coins. for the long term.

ethereum, on On the other hand, it indicates positive emotions such as amount of supply last active between one year to two years ago hit lowest level in one month of 1999944,430 ETH, which suggests reduced Selling pressure and potential price support.

that data show optimism in Crypto markets, both bitcoin And ethereum appear favorable onChain gauges.

bitcoin price analysis

After Ripple\’s victory, the price of BTC rose above $31,800 before facing a slight pullback to $30,349.

on time of writingand bitcoin It saw a slight correction. but, with a market hat of $589.6 billion and a circulating offer of 19 million bitcoins, king of Digital currencies remains dominant force.

RSI relative strength indicator on The weekly time frame refers to a score of 66.34, indicating a promising outlook.

key support Lies at $30,000, and is getting close below This level can lead To some extent price decline to $26,000. On the other hand, a break of the resistance between $31,000 and $31,500 could open the door for Further progress towards $40,000.