2023-7-13 13:21 |
Canadian exchange BitBuy quietly relists XRP trading, joining the list of exchanges to do so amidst the Ripple vs. SEC lawsuit. origin »
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It is a bearish Monday for the cryptocurrency market as the major cryptocurrencies are currently in the red. Bitcoin dipped to the $92k level, while XRP briefly retested the January 2nd low following an excellent start to the year.
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XRP price moved into a correction after falling by over 15% from its highest level this year despite the encouraging Ripple news. Ripple (XRP) token dropped to $2.0520, much lower than the year-to-date high of $2.4. Its market capitalization has…
US Senate debate over a bill called the Clarity Act has reignited discussion about XRP and other crypto products, and how they might be treated under US rules. Related Reading: Ethereum Staking Hits Record Levels As Buterin Urges Builders To Deliver Real Apps Reports have disclosed that the bill could give clearer status to tokens that back US-listed ETFs, moving them closer to commodity-style treatment.
XRP has become the default trading chip of South Korea, bypassing Bitcoin and Ethereum to dominate the country’s high-velocity retail market. While institutional capital worldwide typically gravitates toward Bitcoin as a store of value, South Korean trading patterns tell a different story.
For a market that usually moves in one direction, some voices are starting to say this time might look a little different. Canary Capital CEO Steven McClurg said XRP could move on a different path from Bitcoin this year, pointing to enterprise use cases as a key reason.
The Ripple token, XRP, is currently facing a price drop, even though activity from large holders, or “whales,” on Binance has slowed down. Data from [...]