The most recent cryptocurrency market sell-off wasn't as bad as most enthusiasts thought and has already recovered more than $100 billion in market capitalization. One of the most significant factors of this pullback is the loss of dominance for Bitcoin which stands at only 63.6% while many altcoins are thriving. This seems to be a significant indicator of the upcoming alt season. Ethereum...
Ever since the lawsuit back in December 2020, XRP prices fell from their high of USD 0.75 all the way back to their initial consolidated price of USD 0.17 as investors feared what the future holds for Ripple company. What happened to the price of XRP and how is the price reacting to cryptocurrency market news?...
In the past 48 hours, the entire cryptocurrency market lost close to $200 billion in market capitalization as Bitcoin price sliced through $30,000 hitting a low of $28,850 on Binance. However, BTC bulls quickly intervened and bought the dip pushing the digital asset by 12% from the low to a current price of $32,400. This dip-buying confirms that the area between $28,000 and...
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
The cryptocurrency market had a slight scare today as Bitcoin price cracked a critical support level at $33,850. However, the bearish breakout turned out to be a fakeout as bulls quickly pushed BTC price from $33,400 to $35,000 within a few hours of the dip. The total market capitalization continues to fluctuate above and below $1 trillion as Bitcoin's dominance seems to be...
The price of bitcoin has traded in a tight range Tuesday.
Ethereum has hit a new all-time high on some exchanges like Coinbase but not others like Binance where it fell short by a few dollars. ETH price is still trading around $1,400 and seems poised to hit a new all-time high across all exchanges. Meanwhile Bitcoin price trades at $37,000 outperformed by Ethereum and losing a significant chunk of its market dominance which...
Polkadot recently became the fourth largest cryptocurrency with $15.4 billion in market cap size, overtaking XRP at $13.8 billion. In the past week, XRP experienced a price drop of over 9% (although the coin bounced back earlier today) while the Polkadot (DOT) token experienced a 100% rise in market cap value. As of today, the DOT token is trading for...
Stephen Palley, partner at Anderson Kill. and Gabriel Shapiro, partner at BSV Law, discuss the SEC's lawsuit against Ripple and two executives, Chris Larsen and Bard Garlinghouse. In this episode, they explain: what was so "egregious" that the SEC went after two executives, Chris Larsen and Brad Garlinghouse, were...
President-elect Joe Biden has confirmed that he will name Gary Gensler as the next chairman of the U.S. Securities and Exchange Commission (SEC) in a new announcement. Gensler Will Become Next SEC Chair Gensler...
Not much has happened in the past two days in the cryptocurrency market although bulls managed to push its market capitalization above $1 trillion again. Bitcoin price is currently around $35,600 and has been trading somewhat sideways for the past week. Ethereum price has managed to stay above $1,200 and outperformed Bitcoin on several occasions. XRP price is flat and will most likely...
Top digital asset manager Grayscale Investments has announced its decision to sell all XRP in its holdings. In its place, the company plans to purchase more Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Grayscale Investments, according to the announcement,...
Ethereum price has been outperforming Bitcoin again while the flagship cryptocurrency has seen a pullback, ETH managed to stay above $1,200. XRP price continues trading sideways below $0.30 and will most likely remain flat until the SEC makes a final decision. The total market capitalization of the crypto industry has stayed between $1.1 trillion and $950 billion, indicating that a potential breakout could...
The Bitcoin price has decreased by almost 14% in the last 7 days. While the Bitcoin price has dropped, some Altcoins performed well. At the time of writing this, the Bitcoin price is sitting at $34663.26. Here are the top 5 performing cryptocurrencies of the week (week-25). Let’s take a look at it in more...
Given the recent SEC filing against Ripple Labs Inc., we are halting XRP trading for U.S. residents no later than January 29, 2021 at 5pm PT (January 30, 2021 at 1:00 UTC). We may begin implementing this process at any time on January 29, 2021,… The post Kraken to Halt XRP Trading for U.S. Residents appeared first on...
The cryptocurrency market collapsed today losing close to $120 billion in market capitalization in just a few hours after Bitcoin price plummeted from $39,747 down to $34,408. The collapse was somewhat surprising as Joe Biden, the upcoming President of the United States just announced a $1.8 trillion stimulus. Biden intends to pay $1,400 to eligible participants in addition to the $600 already approved...
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