Things are not looking great for Ripple and its XRP cryptocurrency. In a day where the total market cap managed to add a whopping $60 billion as bitcoin charts a staggering 11% increase, XRP is down 5% in the past 24 hours.In what looks like an interesting development, a group of supporters is trying to force the hand of White House on the allegations made by the Securities and Exchange Commission.XRP Supporters File a Petition to the White HouseAn interesting petition titled We the People...
Read More »Bitcoin Price Inches Away From $30,000: Records 700% ROI Since March Low
After a brief dip beneath $29K, BTC surged another leg to a fresh all-time high and came just a step away from the coveted $30,000 price tag. Most alternative coins have failed to follow bitcoin’s moves, and BTC’s dominance over the market has increased to 71%.Bitcoin records an unbelievable ROI of approximately 700% since the 2020 low recorded on the 13 of March – the Black Thursday. On that date, Bitcoin plunged to $3650 on BitMEX. However, since then, the primary cryptocurrency sees only...
Read More »Privacy Coins Targeted: Bittrex to Delist Monero, ZCash, and Dash
Just a few days after announcing the delisting of Ripple (XRP) following the SEC charges, Bittrex has added three more coins to the list of removals. Interestingly, they are all so-called security tokens – Monero (XMR), Dash (DASH), and ZCash (ZEC).The Seattle, Washington-based cryptocurrency exchange said in a statement earlier today that it will remove Monero, Dash, and ZCash from its global platform. The company will halt trading for these markets: BTC/XMR, ETH/XMR, USDT/XMR, BTC/ZEC,...
Read More »Crypto Price Analysis & Overview January 1st: Bitcoin, Ethereum, Ripple, Binance Coin & Polkadot
BitcoinBitcoin set a new ATH today at $29,688 (Coinbase) after seeing a 23% price hike over the past week. The coin penetrated beyond $24,000 last Friday and continued higher over the weekend. On Wednesday, Bitcoin continued to surge beyond $28,000 and continued over the following days to set the new ATH today.With the recent bullish momentum in the market, Bitcoin could beyond the coveted $30,000 over the next week.Looking ahead, the first level of resistance lies at $30,000. This is...
Read More »Buying The Bottom? Grayscale Concludes 2020 With Huge XRP Purchase and 10x in AUM
The leading digital asset manager, Grayscale, has taken full advantage of the developments within the cryptocurrency field with record-breaking inflows. The company’s assets under management (AUM) have increased ten-fold throughout 2020 to above $20 billion.Grayscale’s Best Year To DateFounded in 2013, Grayscale is among the largest gateways for institutional investors to receive exposure to bitcoin and other cryptocurrencies without worrying about storing the assets.The company registered...
Read More »New Year Same Habits: Bitcoin Marks A New ATH To Start 2021
Bitcoin ended the challenging 2020 on a high note and entered the new year with a fresh all-time high at $29,550. Polkadot has mimicked BTC’s achievement with another all-time high, while Ripple has recovered some of the recent losses.Bitcoin Welcomed 2021 With A New ATHIt’s safe to say that bitcoin has been on a roll in the past several days. After recovering from the brief dips below $26,000, BTC went on a tear, resulting in breaking above $29,000 and painting a new all-time high at $29,300...
Read More »Ripple Price Analysis: Can XRP Bulls Stage a Comeback Following the Bloodbath?
XRP/USD – Bulls Attempting To Recover Above November 2020 LowsKey Support Levels: $0.2, $0.171, $0.14.Key Resistance Levels: $0.254, $0.3, $0.325.A couple of days ago, XRP spiked beneath $0.2 to hit the July 2020 lows at $0.171. By the end of the day, the buyers regrouped to allow the daily candle to close above the November 2020 lows at $0.219.Yesterday, XRP penetrated beneath the November 2020 lows. Its daily candle eventually closed at $0.21. Today, after a brief spike back into $0.2, the...
Read More »Last Market Watch of 2020: Bitcoin Price Eyes $30K, Polkadot (DOT) Breaks ATH
Despite retracing with over $1,000 after the latest all-time high, BTC has surged back up and reclaimed the $29,000 level. Some altcoins have expanded in value – Polkadot’s DOT has marked a new all-time high.Bitcoin’s Latest ATH Above $29KAfter a few days of relative stagnation around the $28,000 level, the primary cryptocurrency returned to its Q4 2020 bull run.CryptoPotato reported yesterday that BTC charted two consecutive all-time highs in a day. The asset firstly reached $28,570 before...
Read More »Coinbase Sued for Receiving Commissions on Illegal XRP Sale
While Ripple is dealing with allegations from the U.S. Securities and Exchange Commission (SEC) concerning its XRP token, major U.S. cryptocurrency exchange Coinbase seems to be getting its own share of legal saga, as the company faces a class-action lawsuit for receiving commissions gotten from the sale of XRP tokens.Coinbase Slammed With Class Action LawsuitAccording to a court document, Thomas C. Sandoval, the plaintiff, has filed a class-action lawsuit against the San-Francisco based...
Read More »Binance US To Delist Ripple Following The SEC Lawsuit: XRP Plunges Below $0.2
The US branch of the leading cryptocurrency exchange Binance has joined the long list of trading venues that will remove the XRP token from its platform. At the same time, the asset has continued with its price drops as it struggles with the $0.20 level.CryptoPotato reported a few weeks back that the US Securities and Exchange Commission has brought charges against Ripple alleging the company of conducting a $1.3 billion unregistered security offering.Although the payment processor claimed...
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