XRP Shows Rebound Potential Amid Spain's Bitcoin Sale
XRP Shows Rebound Potential Amid Spain's Bitcoin Sale
The crypto market presents a mixed picture, with XRP demonstrating strong on-chain metrics that suggest a potential for a significant rebound despite recent price declines. Concurrently, Spain's Institute of Technology and Renewable Energies is preparing to liquidate a 13-year-old Bitcoin reserve, valued at over $10 million, to fund quantum technology research.
XRP Primed for a Major Bounce Back
Despite recent price struggles, XRP is showing promising signs of recovery. On-chain metrics are improving, hinting at a brewing rebound. Analysts are closely watching for a sustained move above the $2.35 mark, which could signal the beginning of a larger upward trend for the cryptocurrency.
Spain Sells $10 Million Bitcoin Stash for Quantum Research
In a significant move, Spain's Institute of Technology and Renewable Energies is set to sell a Bitcoin reserve that has been held for 13 years. This substantial liquidation, worth over $10 million, is being conducted under EU-aligned regulations and is earmarked to finance cutting-edge quantum technology research, showcasing a unique application for government-held digital assets.