YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Ripple (XRP) Plummets 12% Weekly While Crypto Market Stagnates

October 17, 2022
in Crypto News
Reading Time: 3 mins read
A A
Ripple (XRP) Plummets 12% Weekly While Crypto Market Stagnates
ShareShareShareShareShare

You might also like

NFT Collection Turf Plots Price, Stats, and Review

NFT Collection Turf Plots Price, Stats, and Review

January 28, 2023
Alfa Romeo taps crypto casino Stake as F1 Team title sponsor

Alfa Romeo taps crypto casino Stake as F1 Team title sponsor

January 28, 2023

The start of the week begins with little-to-no substantial movements from most cryptocurrencies, as bitcoin has stalled around $19,000.

The altcoins are slightly in the green, except for XRP. Aside from the daily price dip, the asset is down double-digits on a weekly scale.

Bitcoin Calms at $19K

BTC experienced a lot of volatility at the end of last week, when the US CPI numbers came out. Although they were almost as expected, bitcoin headed straight south, as it typically happens when something is announced by the US lately, and dropped to a three-week low of $18,200.

However, the price fluctuations continued this time in the opposite direction. In a matter of hours, the cryptocurrency shot up to almost $20,000, marking a weekly high.

Nevertheless, it failed to breach that level and returned to $19,000 on Friday. This came along with the Friday Wall Street bloodbath.

The weekend was mostly uneventful, similar to previous ones. As such, BTC still stands at around $19,000. Its market cap is close to $370 billion, and its dominance over the alts is still at 40%.

BTCUSD. Source: TradingView

XRP Drops Double-Digits Weekly

The alternative coins went through similar volatility as BTC at the end of the week, but the weekend was an entirely different story.

Ethereum has added less than 2% since yesterday and stands inches above $1,300. Binance Coin, Solana, MATIC, TRON, and Avalanche are also with minor gains.

In contrast, Cardano, Dogecoin, Polkadot, and Shiba Inu are with insignificant losses. Ripple, though, is down by 3.5% since yesterday. Moreover, the recent high-flyer has lost about 13% in the past seven days.

QNT is the best performer from the mid-cap alts, following a 9% daily increase. Overall, though, the crypto market cap has remained still and sits at $925 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Credit: Source link

Related Stories

NFT Collection Turf Plots Price, Stats, and Review
Crypto News

NFT Collection Turf Plots Price, Stats, and Review

January 28, 2023
Alfa Romeo taps crypto casino Stake as F1 Team title sponsor
Crypto News

Alfa Romeo taps crypto casino Stake as F1 Team title sponsor

January 28, 2023
Despite Recent Market Revival, These Crypto Companies Dismissed More Employees
Crypto News

Despite Recent Market Revival, These Crypto Companies Dismissed More Employees

January 28, 2023
Mashida (MSHD) Is Now Available on LBank Exchange
Crypto News

Mashida (MSHD) Is Now Available on LBank Exchange

January 28, 2023
Next Post
Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Silvergate suspends payment of dividend on preferred stock

Silvergate suspends payment of dividend on preferred stock

January 27, 2023
Argo Blockchain hit with class action lawsuit over IPO misinformation

Argo Blockchain hit with class action lawsuit over IPO misinformation

January 27, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 23,021.00 0.27%
    • ethereumEthereum (ETH) $ 1,571.24 1.7%
    • tetherTether (USDT) $ 1.00 0.02%
    • usd-coinUSD Coin (USDC) $ 1.00 0.03%
    • bnbBNB (BNB) $ 306.03 0.79%
    • xrpXRP (XRP) $ 0.409322 1.13%
    • binance-usdBinance USD (BUSD) $ 1.00 0.02%
    • cardanoCardano (ADA) $ 0.382330 1.94%
    • dogecoinDogecoin (DOGE) $ 0.087860 0.55%
    • matic-networkPolygon (MATIC) $ 1.14 1.31%
    • okbOKB (OKB) $ 39.39 8.69%
    • solanaSolana (SOL) $ 23.93 1.97%
    • staked-etherLido Staked Ether (STETH) $ 1,569.18 1.69%
    • polkadotPolkadot (DOT) $ 6.39 2.81%
    • shiba-inuShiba Inu (SHIB) $ 0.000012 0.56%
    • avalanche-2Avalanche (AVAX) $ 20.58 3.97%
    • litecoinLitecoin (LTC) $ 89.36 0.55%
    • tronTRON (TRX) $ 0.063150 0.52%
    • daiDai (DAI) $ 1.00 0.05%
    • uniswapUniswap (UNI) $ 6.62 3.36%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,027.00 0%
    • cosmosCosmos Hub (ATOM) $ 13.19 2.84%
    • the-open-networkToncoin (TON) $ 2.50 2.08%
    • chainlinkChainlink (LINK) $ 7.20 2.4%
    • leo-tokenLEO Token (LEO) $ 3.78 1.96%
    • moneroMonero (XMR) $ 186.11 3.34%
    • ethereum-classicEthereum Classic (ETC) $ 21.70 1.44%
    • aptosAptos (APT) $ 17.88 0.92%
    • bitcoin-cashBitcoin Cash (BCH) $ 132.62 1.83%
    • stellarStellar (XLM) $ 0.092903 0.13%
    • apecoinApeCoin (APE) $ 6.04 3.96%
    • quant-networkQuant (QNT) $ 149.43 2.2%
    • nearNEAR Protocol (NEAR) $ 2.47 3.62%
    • crypto-com-chainCronos (CRO) $ 0.081368 0.69%
    • filecoinFilecoin (FIL) $ 5.27 2.32%
    • lido-daoLido DAO (LDO) $ 2.23 6.82%
    • algorandAlgorand (ALGO) $ 0.257517 0.85%
    • vechainVeChain (VET) $ 0.024168 3.02%
    • internet-computerInternet Computer (ICP) $ 6.01 0.54%
    • hedera-hashgraphHedera (HBAR) $ 0.067068 3.76%
    • axie-infinityAxie Infinity (AXS) $ 11.42 0.67%
    • decentralandDecentraland (MANA) $ 0.697708 2.49%
    • aaveAave (AAVE) $ 84.12 3.59%
    • eosEOS (EOS) $ 1.09 1.72%
    • the-sandboxThe Sandbox (SAND) $ 0.739350 0.92%
    • fantomFantom (FTM) $ 0.447467 4.37%
    • elrond-erd-2MultiversX (EGLD) $ 44.53 0.36%
    • flowFlow (FLOW) $ 1.06 2.89%
    • theta-tokenTheta Network (THETA) $ 1.07 4.27%
    • terra-lunaTerra Luna Classic (LUNC) $ 0.000174 0.58%