Ripple price explodes by 18% and Bitcoin is stable at $19K
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Answer Ripple price explodes by 18% and Bitcoin is stable at $19K
- Ripple price shines among the top 10 currencies in terms of total market capitalization.
- Bitcoin is striving to maintain the level of 19 thousand dollars.
After hitting a new three-month low yesterday, Bitcoin went on the offensive and succeeded in recovering the $19,000 level.
Most altcoins are also green.
Ripple, on the other hand, is the top performing digital currency this week with a massive increase of almost 60%.
In the last 24 hours alone, the price has increased by more than 17%.
Ripple XRP Price Explosion:
Altcoins had a very turbulent few trading days, especially after the US Federal Reserve raised its interest rate by 75 basis points.
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The price of Ethereum, which has underperformed since the merger upgrade last week, has fallen to a multi-month low of around $1,200.
Then it started to reclaim its value very quickly and bounced back to over $1,300.
Another 4% increase in the past 24 hours has pushed the price to $1,320 so far.
Binance, Cardano, Solana, Dogecoin, Shiba Inu and MATIC are also slightly green.
As we indicated at the beginning of the article, the Ripple currency stole the spotlight and its price shone, rising by almost 60% in the last 7 days.
Arrived The market capitalization of cryptocurrencies reached nearly $940 billion after a daily increase of $20 billion.
It is worth noting that the primary cryptocurrency has been negatively affected by the actions of the US Federal Reserve.
Bitcoin is trading at $19,000 and the price jumped to $20,000 before the central bank announcement.
But within minutes, the price had dropped by nearly $2,000. As such, the bitcoin price charted a new three-month low of just over $18,000.
Read:CFTC Chairman: Bitcoin will grow exponentially under our management
Currently, Bitcoin is trading at the level of 19 thousand dollars and is striving to stay above this level.
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