Todays News Headlines:

• Ripple price back to the drawing board, will $1 hold ahead of recovery toward $1.6?
• Uniswap v3 overtakes SushiSwap by volume, on track to surpass v2 this month
• MicroStrategy Scoops Up Extra 229 BTC Worth $10M
• Musk Says Tesla’s “Diamond Hands” Will Help Market
• Instagram is hosting a professional development panel for NFT artists

Bitcoin (BTC) and the overall crypto market witnessed one of the most historic crashes on Wednesday, May 19. While the entire crypto market registered a $750 billion intraday dip, Bitcoin saw its valuations tumbling by more than $150 billion in a single day.

XRP pierced the resistance line of the symmetrical triangle on May 18 but the long wick on the candlestick suggests the bulls could not sustain the breakout. The price reversed direction today and plummeted below the support line of the triangle, which may have resulted in huge long liquidations.

Source: Crypto-Labs| BuyUcoin

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