{"id":6922,"date":"2024-09-16T06:53:46","date_gmt":"2024-09-16T06:53:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=6922"},"modified":"2024-09-16T06:53:46","modified_gmt":"2024-09-16T06:53:46","slug":"ripples-xrp-price-rally-bitcoins-volatility-amid-trump-assassination-attempt-shib-price-outlook-bits-recap-sep-16","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=6922","title":{"rendered":"Ripple\u2019s (XRP) Price Rally, Bitcoin\u2019s Volatility Amid Trump Assassination Attempt, SHIB Price Outlook: Bits Recap Sep 16"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP gained 7.5% last week, boosted by Grayscale\u2019s Ripple Trust launch and rumors of a Robinhood re-listing.
\nBTC dropped below $60,000 after briefly surpassing $60,500, affected by negative news in the broader market such as the supposed assassination attempt on Donald Trump.
\nSHIB increased by 2% over the week amid a high level of fear, uncertainty, and doubt (FUD) in the ecosystem.<\/p>\n

<\/a><\/span><\/h2>\n

XRP\u2019s Performance as of Late<\/h2>\n

Ripple\u2019s XRP was <\/span>at the forefront<\/span> of gains last week, following Grayscale\u2019s decision to launch a dedicated Ripple Trust. The product, which allows users to have direct exposure to the asset without the need of purchasing, storing, or holding it, <\/span>saw the light of day<\/span> on September 12.<\/span><\/p>\n

XRP\u2019s price <\/span>charted<\/span><\/a> a substantial green candle minutes after the announcement, rising to <\/span>as high as<\/span> $0.57. Its uptrend continued in the following days, reaching almost $0.60 on September 15. Another factor fueling the rally could be the <\/span>increased rumors<\/span><\/a> that Robinhood has re-listed XRP on its platform. The company\u2019s website <\/span>shows<\/span><\/a> that Ripple\u2019s native token is indeed among the supported cryptocurrencies.\u00a0<\/span><\/p>\n

Over the past several hours, XRP has lost some ground and <\/span>currently<\/span> trades at around $0.57 (per CoinGecko\u2019s data). However, it remains in green territory on a weekly scale, up 7.5% for that period. Those willing to explore some interesting predictions from popular analysts can <\/span>take a<\/span> look at our article <\/span>here<\/span><\/a>.<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

BTC Lost the $60K Level<\/span><\/h2>\n

The primary cryptocurrency also witnessed a significant uptick in the past week, with its valuation jumping above $60,500 over the weekend. The rally was interrupted in the last several hours following the <\/span>reports<\/span><\/a> of an attempted assassination on Donald Trump.<\/span><\/p>\n

As CryptoPotato<\/span><\/em> reported<\/span><\/a>, the FBI has started an investigation into the incident where numerous gunshots <\/span>were fired<\/span> at the golf club at the time the presidential candidate was playing.<\/span><\/p>\n

The cryptocurrency sector reacted negatively to the news, and its global market capitalization is down 4% on a daily scale, currently set at approximately $2.12 trillion. BTC fell well below $60,000, hovering at $58,400 as of the moment of writing these lines.<\/span><\/p>\n

<\/a><\/p>\n

It will be interesting to see whether the asset\u2019s downtrend <\/span>will intensify<\/span> in the following days or <\/span>it will recover<\/span> after the FOMC meeting (scheduled for September 18). Multiple industry participants expect the US Federal Reserve to lower <\/span>the<\/span> interest rates, thus making money-borrowing easier and potentially boosting investor interest in risk-on assets such as cryptocurrencies.<\/span>\u00a0<\/span><\/p>\n

What About SHIB?<\/span><\/h2>\n

The second-largest meme coin recorded a mild increase in the last seven days, with its value rising by 2%. Not long ago, the<\/span> crypto analytics platform Santiment <\/span>estimated<\/span><\/a> there is<\/span> a \u201ctremendous\u201d amount of FUD within the Shiba Inu ecosystem.\u00a0<\/span><\/p>\n

<\/a><\/p>\n

Fear, Uncertainty, and Doubt (FUD) describes the dissemination of negative or false information, rumors, or emotions that create panic among investors<\/span>, potentially triggering<\/span> selling pressure in the market.<\/span> Such a rise <\/span>is often viewed<\/span> as a signal of impending significant price fluctuations.<\/span><\/p>\n

\u00a0<\/p>\n

The post Ripple\u2019s (XRP) Price Rally, Bitcoin\u2019s Volatility Amid Trump Assassination Attempt, SHIB Price Outlook: Bits Recap Sep 16<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP gained 7.5% last week, boosted by Grayscale\u2019s Ripple Trust launch and rumors of a Robinhood re-listing. BTC dropped below $60,000 after briefly surpassing $60,500, affected by negative news in the broader market such as the supposed assassination attempt on Donald Trump. SHIB increased by 2% over the week amid a high level of […]<\/p>\n","protected":false},"author":0,"featured_media":6923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6922","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\/6922"}],"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=6922"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6923"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}