XRP, the cryptocurrency associated with Ripple Labs, has recently shown a significant surge in its price, outperforming other major digital assets. In just one day, XRP experienced a price increase of almost 20%, reaching $0.64 before retracing slightly to $0.61. This spike has led to a monthly gain of 42%, indicating a bullish trend for
Ripple
Recently, the court reached a decision in the case filed by the US Securities and Exchange Commission (SEC) against Ripple, imposing a hefty fine of $125 million on the company. This ruling marks the end of a lengthy legal battle spanning over four years. Following the announcement of the fine, XRP experienced a significant price
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
Recently, XRP witnessed a significant surge in its price, climbing to $0.66 from $0.60 in just 24 hours. This price level was last seen in the third week of March, sparking renewed investor optimism in the market. One notable trend in the XRP ecosystem is the rise in the number of wallets holding at least
The cryptocurrency market has been experiencing heightened volatility recently, leading to fluctuations in investor sentiment. Bitcoin (BTC) saw a drastic price increase to nearly $70,000 on July 29, only to drop below $66,000 the next day, currently trading around $66,300 according to CoinGecko’s data. This correction was further exacerbated by the news of the US
Ripple’s XRP has experienced a significant uptrend at the beginning of the month, with its price surging from less than $0.40 to over $0.63 within a few weeks. However, the momentum seems to have slowed down in mid-July, as the price retraced below $0.55 before climbing back to around $0.60 where it has been consolidating
The U.S. Securities and Exchange Commission (SEC) has made a significant decision to pause its allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities in the ongoing lawsuit against Binance. This move comes after the SEC filed a joint status report in the U.S. District Court for the District of Columbia, stating
This past week saw the launch of several Ethereum ETFs, a significant event in the world of cryptocurrency. However, despite this milestone, Ethereum’s price took a hit, dropping by over 10%. The support level at $3,300 flipped into a resistance, signaling a bearish sentiment in the market. If buyers fail to reclaim this level soon,
Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the crypto industry with his unique perspective and expertise. With a specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas stands out in the field. His background in mechanical engineering and over a decade of experience in journalism has equipped him
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. With the trial phase starting in April 2024, the case has seen both parties presenting necessary information and documents, adhering to court rules, and waiting for a resolution. Despite being in its final