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XRP traders are nursing steep losses, but history suggests a negative MVRV reading alone may not be enough to mark a bottom.

 

A pseudonymous plaintiff Noah Doe has filed a lawsuit in New York claiming ownership of dormant Bitcoin wallets tied to Mt.Gox collapse.

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XRP price continues trading inside a narrow consolidation range, with buyers struggling to build enough momentum for a sustained breakout above key resistance. During the May 27 session, XRP moved between $1.3039 and $1.3429 before settling near the $1.32 level, extending a pattern that has controlled price action for several months.

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The crypto market is closely watching Bitmine's new massive purchase. The publicly traded company added nearly $237 million in Ether to its balance sheet as the price of Ethereum remains under pressure.