Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Shiba Inu Might Skyrocket if This Happens, Dogecoin Lost 15% but It's Ok, Bitcoin $70,000 Comeback After This? The broader cryptocurrency market is currently showing signs of recovery, with several crypto assets returning to trade in green. Bitcoin surged past $69,000 during Monday's trading session.This positive sentiment has spilled over into XRP, driving up trading volumes as traders and investors seek to capitalize on the upward momentum. The increase in trading volumes has also boosted XRP's price. The cryptocurrency increased by 2.29%, trading at $0.512 at press time.
Bitwise, Canary and 21Shares all filed S-1s for XRP ETFs, indicating that institutional interest in XRP investment products remained strong. Leading issuer Grayscale launched an XRP Trust and filed to convert a multi-coin fund that includes XRP into an ETF.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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