Bitcoin’s price was heavily rejected at $76,000 a couple of days ago, and the correction accelerated today. The cryptocurrency is now trading below $70,000, sending the entire market sentiment to extreme fear. Major altcoins like Ethereum and Ripple’s XRP are also on the downside, both losing

FDV (Fully Diluted Valuation) is an important metric in cryptocurrency investing that helps assess the true value of a project. FDV considers the potential market value of all tokens, which is different from market capitalization, as the latter is based only on the current circulating tokens. Understanding the relationship between total supply, max supply, and circulating supply can help evaluate investment risks. FDV should be assessed in conjunction with market fundamentals, competitive environment, and other factors, rather than used in isolation, to reduce investment risk.

XRP faces market contraction in the new trading week, with payment volume dropping below 1 million and trading intensity decreasing. Although the price has retreated, it shows a trend of returning to normal. If it breaks below the support zone of $1.30-$1.35, it may decline to $1.20. Low participation suppresses volatility; regaining key resistance levels is necessary to improve the downward trend.