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 and Fiat Pairs Now Available on Binance Exchange
Recently, Binance Exchange confirmed the addition of new XRP and ETH fiat pairs to its platform. The exchange will support three fiat pairs with Turkish Lara (TRY) that feature ETH, XRP, and USDT. Additionally, Binance users can now trade USDT against the Russian Ruble (RUB). In December of 2018, Binance added XRP as a base currency and renamed its ETH market to ALTS markets. Last month, the Turkish Lara got added to the crypto exchange, and Binance only allowed its…
5 years ago
Ripple Expands Significantly through 2019
On the 20th of December 2019, Ripple raised 200 million USD in yet another funding round. Tetragon, SBI holdings, and Route 66 ventures were part of the funding round process. The acquired funds’ objective is to assist Ripple in improving its international payments network and utilizing the XRP cryptocurrency and the XRP ledger. The year 2019 is remarkable for Ripple as regards investment, as it is supposedly the strongest year of growth to date. Brad Garlinghouse, the Ripple CEO, pointed…
5 years ago
BCH/USD Surges As Price Of Other Cryptocurrency Pairs Drop
Recently, the aggregate cryptocurrency market is maintaining significant support. Major cryptocurrencies, including ETH, TRX, XLM, EOS, XLP, LTC, and BCH, are having a hard time increasing in price. BCH/USD, on the other hand, is surging following a move to $170. Its price increased to over $180, and as we speak, it is into consolidation close to $185. The upside shows two critical resistances close to $192 and $195; a move over them may take the price towards $ 215. The…
5 years ago
XRP/BTC Anlysis: Bearish Trends in Bullish Structures
XRP/BTC is reaching the later stages of a wedge formation but has recently hit strong resistance. This resistance has come in the form of the 50, 100, and 200 DMAs and the descending wedge's upper boundary. XRP/BTC Daily 1 Price is currently falling like a knife, smashing through any effort to support price at the 2740 satoshi mark. This is the unfortunate conclusion of a small bull run after price broke through the local range top at 2740 sats on…
5 years ago
Analyzing the Upsurge and Decline of Bitcoin’s Price This December
On the 19th of December, Bitcoin recorded a 14% surge. At the beginning of the third week of December, the bitcoin price dropped by 8.5% from $7100. It then declined to $6500, and as analysts looked forward to further decline, BTC eventually surged a whopping 14% to attain $7450. The 14% surge is the largest since the rise of Bitcoin, influenced by China in late October 2019. Bullish sentiments do not characterize Bitcoin markets; analysts suggest a short-term decline of…
5 years ago
XRP Trades Under Support Levels on a Multi-month Basis
Over the last few weeks, Bitcoin's price and most of the Altcoins have continued to fall. Meanwhile, XRP has priced below the primary support levels of $ 0.220 and the 100 Simple Moving Average (4 hours). Hence, it paved the way for further losses below $ 0.210. The price finally sampled the core maintenance area near the $ 0.200 level and the crucial multi-month maintenance near the $ 0.198 level. XRP price fell significantly, even falling below the $ 0.180…
5 years ago
SEBA Crypto Bank Provides Its Services To Nine New Jurisdictions
SEBA Crypto AG, a crypto-focused banking firm based in Switzerland, has expanded its services to nine new nations. The startup aims to offer the crypto industry with banking services that it has lacked for a very long time. SEBA made this move after it received a Swiss banking license. It was obtained in August and started full operations just a month ago. It named the new countries like Austria, Portugal, Singapore, France, Germany, Hong Kong, Netherlands, United Kingdom, and Italy…
5 years ago
BTC wobbles again as ETH and XRP are under bear control
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 $194 billion. Bitcoin is slowly descending towards the $6,000 barrier. Ethereum may end the year below $140 after bears regain control from the bulls. Ripple is trading in the red by some 0.50% and moving towards $0.20 Litecoin's value is dropping towards its fourth consecutive session in the red as it nears $42 Crypto…
5 years ago
Ripple Product allows SendFriend to Save Up to 80% in Remittance Fees
In a blog post published on December 12, SendFriend noted it uses the technology of Ripple in saving up to 80 percent in remittance fees. SendFriend is a startup into money transfer based on blockchain. It utilizes xRapid, a product of Ripple. The product provides cross-border payments, converts between the USD, XRP, and Philippine pesos, and prevents conventional banking systems' time-consuming process. The focus of the startup's money transfer app is the reduction in yearly remittance fees for cross-border Filipino…
5 years ago