Ripple price news LIVE: Ripple falling today in major cryptocurrency price DROP

-
Ripple is just one of many cryptocurrencies that dropped significantly last night, sparking fears that the bubble is about to burst. 
XRP sits at $0.5494, seeing 5.333 percent of its value shaved off overnight, according to CoinGecko.
The token is currently trading well below the $0.5900 resistance and pivot level against the US dollar.
XRP is another victim of a collective drop in crypto-value over the last 24 hours, with bitcoin and Ethereum also shedding value.
The world wakes up this morning to a drastic drop in prices for the majority of cryptocurrencies, as bitcoin inches closer to the death cross.
In simple terms, the death cross marks the point when a stock's 50-day moving average (MA) crosses its 200-day MA, resulting in a spiraling bearish trend that could spell the end of the stock.has lost more than 5 percent in the last 24 hours.
The shockwave has sent the entire crypto-market into a dropping trend, with Ethereum losing 8.8 percent and Ripple dropping by 6.19 percent.
Prices for all currencies sit in the bearish zone, with investors waiting to see if it can stabilise in the near future.

Comments

Post a Comment

Popular posts from this blog

US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee estimates

-
Image
U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, which could result in "massive" selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said. "This is a massive outflow from crypto to USD and historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value," Thomas Lee, head of research at Fundstrat Global Advisors, said in a Thursday report. Formerly chief equity strategist at J.P. Morgan Chase, Lee is the only major Wall Street analyst to formally cover bitcoin and other cryptocurrencies. "Additionally, we believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions," Lee said. "Many exchanges have
Read more

Litecoin price PLUMMET: Cryptocurrency price plunges 10 PER CENT in one week

-
The cryptocurrency has had losses of two per cent on Tuesday as it continued to trade softly so far this week. Its price, at the time of writing, is $147.57 (£108.40) compared to $161.44 (£118.59) at the point last week. The cryptocurrency's price hit $346.90 USD during the December 2017 cryptocurrency market peak. LTC has seen a strong and consistent move north, which has been the case since April 11 where many of the major altcoins broke to the upside Litecoin’s price has been climbing, with some fluctuation, since an end of March to mid-April slump. The rise in price has led Wirex Bitcoin debit card to make the decision to now accept payments in Litecoin. The company announced full Litecoin integration after predicting it could become a global payment option on dozens of big brand websites in the near future. Wirex CEO Pavel Matveev said: “Wirex keeps growing as a platform, and it’s natural for us to add new services and currencies. Litecoin has huge potential and a
Read more

Can Litecoin (LTC) Overthrow Bitcoin with Amazon?

-
Image
Why Amazon and Litecoin (LTC)? If you are following up with the latest news about the world of cryptocurrencies, you could have picked up the news that Kakao, which is Korea’s largest tech and messaging online platform, started to adopt cryptocurrencies. Since Kakao is the equivalent to Facebook and somewhat Amazon as well, it is expected from these services to have at least a minor comeback regarding the story of adopting and accepting cryptos. However, we know that Facebook announced weeks ago that all ads related to cryptocurrencies will be banned on Facebook as of June, so you can take the liberty of expelling Facebook from this equation, as this social media platform is obviously not sharing the same opinion that Kakao representatives have regarding cryptocurrencies. Moreover, if we get a few weeks back, there is also that scandal revolving around Facebook with allegations that this company is making a lot of money by using personal information uploaded on
Read more