Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
XRP
XRP’s Social Volume Surges; Is a New Breakdown Imminent?
The performance of XRP over the previous couple of years has been woeful. However, it seems it is ready to keep underperforming, as analysts are saying that it is on the verge of incurring a fresh breakdown because it is hovering over a crucial support level. However, XRP is technically weak as it is revealing signs of recording heightened social activity from investors across social media platforms. The surge in social activity tends to have correlations with uptrends and this…
5 years ago
WMA: Bitcoin wobbles again, but did it finally spend its last week under $10k?
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $269 billion Bitcoin slumped to almost $8,700 but surged back to $9,500 over the weekend Ethereum is flying high on a 10% increase during the week XRP finally climbs above the $0.20 mark and stays there for more than a day Argentina defaults on $65 billion worth of foreign debt Crypto Trends 25th -…
5 years ago
WMA: Bitcoin struggles to make it past the $10k mark as Tether becomes 3rd-highest trading crypto
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $254 billion. Bitcoin lost almost 4% in a flash crash on Thursday and missed the chance to reach $10,000 Ethereum is up over 3.5% against BTC, and it hints towards $215 XRP price zig-zags across the $0.20 barrier Tether becomes the 3rd-largest trading crypto after overcoming Ripple’s XRP. Crypto Trends 18th - 24th of…
5 years ago
US CFPB Says Ripple and XRP Capable of Delivering More Transparency in Banking Industry
The US Consumer Financial Protection Bureau (CFPB) was formed in 2011 after the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. Its function is to protect consumers from deceptive market practices. It released a report regarding remittance transfers under the Electronic Fund Transfer Act. The government agency noted in the report that it has been monitoring the nascent developments in the remittance market, which includes the growth of cryptocurrency asset firms such as Ripple. The report shows that…
5 years ago
WMA: Post-Halving Bitcoin recovers to hit almost $10,000 while most altcoins trade in the green again
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $264 billion. Bitcoin resurges after pre-halving scare drop and nears $10,000 level again. The Bitcoin halving took place on the 11th of May at block 630,000 Ethereum price rebounds and surpasses the $200 threshold again. XRP price recovers after a 7% drop last week to go over the $0.20 barrier Crypto Trends 11th -…
5 years ago
XRP is About to Revisit the Mid-March Crash Lows, Says an Analyst
The price action of all cryptocurrencies within the previous few days has been dull but that of XRP has been particularly poor. Bitcoin moved from the highs established at $10.1k last week to $8,709 at press time while XRP has declined by 18 percent within the same time frame. XRP’s poor performance brings fear of deeper correction in the weeks ahead as a trader suggests the possibility of retesting the price area close to the lows established during the market…
5 years ago
Ripple Reacts to Research Revealing Empty XRP Transactions
A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…
5 years ago
WMA: Bloody Sunday as Bitcoin cracks under pressure just 2 days before the halving
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $242 billion. Bitcoin ends the week with a 20% drop after reaching $10,000 mid-week Ethereum loses almost 12% to trade below $200 once again. XRP price briefly goes over the 0.20 barrier only to drop below it on the weekend Most of the top-20 altcoins are bleeding massively following BTC’s sudden drop. The COVID-19’s…
5 years ago
BTC Markets CEO Says the Use of XRP for Cross-Border Payments is Increasing
More firms are now using Ripple and XRP to send money across borders. This information was revealed by Ripple's team on May 7, 2020. According to the team, BTC Markets added XRP to its exchange in 2018. Since then, the cryptocurrency asset has been able to bring more sustainable growth for the biggest exchange in Australia, being a source of liquidity for faster and cheaper cross-border payments. Towards the end of 2019, the exchange became a partner with Ripple and applied for…
5 years ago