The cryptocurrency market is once again in a dire state, with bitcoin dumping from over $81,000 a week ago to a multi-month low of under $73,000 yesterday. Today’s rebound attempt has seen little success. While essentially all major assets are down since their explosive rallies after the midterm elections last Wednesday, Ripple’s cross-border token has […]
Two troubling headlines rattled the crypto market over the past day. Nvidia CEO Jensen Huang admitted to an affair with a woman suspected by US officials of spying for China. Meanwhile, Marco Rubio said Iran negotiations had stalled. Several top assets suffered significant pullbacks; XRP, for one, fell by almost 7% over the past 24 […]
The spot Ripple (XRP) exchange-traded funds were often leading the broader crypto-fund inflows for weeks, including closing in October in the green, but demand has disappeared as November began. The funds tracking Solana’s SOL are in an even worse shape, closing their fifth consecutive week in the red, as total inflows dropped from over $1.6 […]
The quick gains charted on Wednesday afternoon across all markets disappeared 24 hours later, and the cryptocurrency industry was not spared. Ripple’s cross-border token has taken one of the largest hits on a daily scale, dumping to its lowest price in well over two months. Why Down So Much, XRP? It was just 36 hours […]
In a rather bearish environment for most exchange-traded funds tracking the largest cryptocurrencies, the funds behind XRP managed to maintain their green monthly streak. However, there are still two issues that deserve attention, as it’s not all good news. XRP ETFs Still in the Green The spot Bitcoin ETFs saw some major inflow days in […]
After a brief deviation in which the spot XRP ETFs joined the broader crypto trend with more outflows than inflows, the trend has flipped once again, with the funds flashing green again. Unfortunately for the SOL fans, the landscape around the altcoin is rather different, as the Solana ETFs just recorded their third consecutive week […]
XRP spot trading activity has plunged sharply in recent weeks, even as futures trading takes on a larger role. Data compiled by CryptoQuant shows that combined spot volume across centralized exchanges fell by $1.943 billion between August 26 and October 11. Binance accounted for $429 million of that decline, after its seven-day average spot volume […]
Although the spot XRP ETFs have maintained their positive net flow streak, the actual numbers are quite concerning as the weekly decline is roughly 94%. The funds tracking the performance of Solana’s SOL experienced an even more profound drop in the numbers, going down from over $188 million to under $2.5 million. 94% Decline in […]
Ripple’s native token just ended September well in the green, extending its streak that began with a minor increase in July. All eyes are now on October on several fronts. The question is: can XRP continue its run, or will the last two October editions take their toll? XRP Went Hard in September Recall that […]
The spot exchange-traded funds tracking the performance of Ripple’s cross-border token started the week quietly but built on by the end of it, reaching a new cumulative all-time high. At the same time, the products tracking Solana’s SOL are on a green-only streak since September 11, and the inflows peaked on Friday with more than […]