{"id":6195,"date":"2024-09-13T08:56:59","date_gmt":"2024-09-13T08:56:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=6195"},"modified":"2024-09-13T08:56:59","modified_gmt":"2024-09-13T08:56:59","slug":"xrp-taps-0-57-after-grayscales-ripple-trust-launch-btc-shaky-at-58k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=6195","title":{"rendered":"XRP Taps $0.57 After Grayscale\u2019s Ripple Trust Launch, BTC Shaky at $58K (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price increase that started earlier this week stopped over the past 24 hours, and the asset calmed at around $58,000.<\/p>\n

Several altcoins have produced minor gains over the past day, including Solana, Chainlink, and Avalanche.<\/p>\n

BTC Calms at $58K<\/h2>\n

A lot can change in the cryptocurrency markets within a week, and the past seven days proved that narrative once again, this time in the upward direction. Recall that BTC slumped hard last Friday to under $53,000 to chart a monthly low. However, the bulls intercepted the move and didn\u2019t allow any further declines.<\/p>\n

The asset recovered some ground during the weekend but went on the offensive hard on Monday. In fact, it added more than four grand<\/a> within 24 hours at the time and shot above $58,000.<\/p>\n

It failed to conquer that level at first and the volatility that followed on Wednesday, after the release<\/a> of the CPI numbers, pushed it south hard to $55,600. Nevertheless, it recovered all losses almost immediately and even surged<\/a> to $58,500 yesterday to tap a weekly high.<\/p>\n

It has lost some traction since then and now stands at around $58,000. Its market cap has slipped to just under $1.150 trillion, while its dominance over the alts is just shy of 54%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 13.09.2024. Source: TradingView<\/p>\n

XRP on a Roll<\/h2>\n

Perhaps the most bullish news regarding an individual altcoin yesterday came from the crypto asset manager, Grayscale. The company announced<\/a> the launch of its latest Trust that will focus on Ripple\u2019s native token. XRP reacted immediately with a price surge that drove it from under $0.54 to over $0.58. Despite losing some traction since then, the asset is still 6% up on the day.<\/p>\n

SOL, AVAX, LINK, DOGE, and TON have also produced impressive gains, while ETH, SHIB, and LTC are with minor increases.<\/p>\n

In contrast, TRX, BNB, and BCH have declined by 1-2%. More losses from the larger-cap alts come from KAS, AAVE, STX, and IMX.<\/p>\n

The total crypto market cap has also dropped slightly since yesterday and is down to $2.130 trillion.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post XRP Taps $0.57 After Grayscale\u2019s Ripple Trust Launch, BTC Shaky at $58K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price increase that started earlier this week stopped over the past 24 hours, and the asset calmed at around $58,000. Several altcoins have produced minor gains over the past day, including Solana, Chainlink, and Avalanche. BTC Calms at $58K A lot can change in the cryptocurrency markets within a week, and the past seven […]<\/p>\n","protected":false},"author":0,"featured_media":6196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6195"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6195"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6196"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}