XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen above the 68% mark. Just recently, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs Inc. and two of its executives. According to the U.S. regulator’s complaint, Ripple Labs “raised over $1.3 billion through an....


Related News

Bitcoin Fear And Greed Index Has Dipped To Lows Not Seen Since July

Following the Bitcoin crash to $42k, the fear and greed index has declined to extreme fear values not seen since July of last year. Bitcoin Fear And Greed Index Points At “Extreme Fear” As pointed out by an analyst in a CryptoQuant post, the BTC fear and greed index has dropped to very low values. The “fear and greed index” is a crypto indicator that measures the general sentiment among investors in the market. The index uses numbers to represent the sentiment on a numeric scale that goes from zero to hundred. Values of the indicator above fifty mean that the....

Dogecoin Down 16%, Shiba Inu 12% As Crypto Market Burns

The top memecoins Dogecoin and Shiba Inu haven’t been spared in the latest crash in the crypto market as the coins are currently down 16% and 12%, respectively. Dogecoin And Shiba Inu Bleed Amid Wider Crypto Crash The memecoins had been having a rough time for a while now, much like the rest of the […]

Bitcoin Perpetual Open Interest Suggests Short Squeeze Led To Crash

The Bitcoin crash of last week was a brutal one for the market. It saw the digital asset lose its footing from where it had been trending just below $30,000 to crash to the mid $17,000s before a recovery had begun. With the new week, the market had started to emerge into the green. But as bitcoin struggles to hold above $20,000, the question remains what had triggered such a crash. A Short Squeeze The bitcoin open interest in perps had been up over the last couple of weeks. This has continued to be the case through the market crash and the subsequent recovery. However, the open interest....

Bitcoin Open Interest Climbs Toward April Peak Levels: What This Could Mean

Bitcoin recently marked a recovery above $64K. The digital asset did not linger in the price range for long but it is nonetheless an important milestone for the asset. One month of gains has seemingly erased the past couple of months of a slow market. Investors who had watched the values of their portfolios crash […]

Fintech Specialists Say Ethereum Will Grow 100% By End Of 2022

Ethereum remains one of the most popular investment choices when it comes to the crypto market. The returns from the digital asset have outperformed that of top rivals consistently, making it not only a more profitable asset but a better inflation hedge by current standards. Its price though has been down since the market crash […]