Tag
XRP
Over $200 billion got wiped momentarily off the crypto market as Bitcoin lost over $6,000 within hours after failing to break above $50,000.
Such transactions boost the liquidity in the Ripple network as more people gain access to buy into the fourth most valuable crypto.
For the week, XRP has recorded an impressive gain of about 43%.
Investors earn billions of dollars in Crypto market as JP Morgan, Elon Musk affirm Bitcoin sentiment
Elon Musk took to Twitter to dispel rumours that he had sold his personal Bitcoin holdings.
The crypto market suffered heavy losses in the early hours of Friday with many traders liquidated as the flagship crypto dipped below the $50,000 price levels.
The Flare Network is expected to go live in 2Q2021, which could be anytime between now and June.
Altcoins like Etherium, XRP, Dogecoin, Polkadot, and Litecoin all lost significant value in yesterday's crash.
This surge has pushed the fast-rising crypto into the top 5 cryptos by market value, behind only Bitcoin, Ethereum and Binance Coin.
The news of Ripple's court victory pushed XRP's valuation past Binance Coin, Cardano, and Polkadot.
XRP had traded in a range of $0.61963 to $0.70849 in the previous twenty-four hours.
XRP traded at $0.575498 with a daily trading volume of $4.8 billion.
XRP enthusiasts are currently holding on to the seventh most valuable crypto.