Bitcoin is trading below $80,000 and its 50-day moving average, signaling short-term weakness. Secure Digital Markets said a break below the $80,000 support zone could send bitcoin toward $75,000 and then $73,000. Ripple received approval from a U.S. regulator to establish a national trust bank, but XRP has fallen 0.5% since midnight UTC. Marex analysts said the bank charter does not require purchases of XRP. XRP is trading near $1.25, a major support level since mid-September.
