XRP’s price falls, now worth one quarter

XRP falls to lows of $0.25 cents in the past week, feeling the brunt of a tough week, an even tougher month, and a horrible year. 

- Advertisement -

Until two weeks ago, $0.26 had been a strong measure of resistance, with the coin bouncing upwards whenever it hit this level. But last week it broke through this level, and has fallen to yearly lows.

The last time XRP was this cheap was in December, 2017, before the bull run that saw its value skyrocket to $3.74. But anyone who bought at those levels, is now 93% in the red.

XRP’s market cap is down, too: it’s sunk to $10.8 billion, less than a tenth of its all-time high.

Most cryptocurrencies saw a drop today. Bitcoin fell 3.8% last night—around $600—to $10,290. Ethereum felt last night’s chill too, and prices dropped 2.4% from highs of $178 to $168.

Have investors been spooked by the transfer of $1 billion worth of Bitcoin yesterday, rumored to be linked to the launch of Bakkt Warehouse? Watch this space.

Source

Previous Articles:

- Advertisement -

Latest

Bitcoin Drops 10% From Highs Amid Quantum Computing Warnings

Bitcoin dropped nearly 10% from its record high, falling close to $103,000 after reaching $112,000 last week. BlackRock warned that advances in quantum computing could...

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Pavel Blazek resigned after controversy over accepting and selling Bitcoin from a convicted criminal.The Justice Ministry auctioned nearly 500 Bitcoin, raising...

Uniswap (UNI) Rebounds Above $6 After Brief Uptrend Breakdown

Uniswap's UNI token dropped below its key uptrend line following a failed hold above the $6.00 support level.High trading volumes accompanied the decline, including...

Michael Saylor Invites Joe Rogan to Discuss Bitcoin on Podcast

Michael Saylor has shown interest in discussing Bitcoin on The Joe Rogan Experience podcast.The idea has generated excitement in the Bitcoin community, with some...

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

Must Read

What Is Bcrypt Password Hashing Function?

KEY TAKEAWAYSBcrypt is a password hashing function that transforms plain passwords into unique alphanumeric sequences.It is a one-way process, ensuring that passwords cannot be...