Altcoins News

Story: XRP Gains Ground While Ethereum Drops in Volatile Trading Session

By Maheen Hernandez

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Crypto markets stayed wild Monday. XRP managed to climb 2% to $0.45 in early trading, giving holders a small break after weeks of pretty rough declines that had many investors…

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Ethereum didn't fare as well, dropping 3% to $1,650 as regulatory worries kept hammering the second-biggest cryptocurrency.

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Bitcoin held near $26,000. Not much movement there.

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Cardano stayed flat at $0.38, which tells you everything about investor confidence right now - there isn't much of it.

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Binance saw XRP trading volume jump 20% compared to last week, which is interesting given the modest price bump.

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Brian Armstrong wasn't happy about regulatory pressure. The Coinbase CEO said during a Monday interview: "These SEC actions are creating unnecessary uncertainty that's hurting…

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Ripple wouldn't comment on XRP's price moves, which is typical for them these days. The company's still fighting its legal battle with the SEC, and every statement gets picked…

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Tether stayed pegged at $1.00 through all the chaos. USDT's stability matters because traders use it as their safe haven when other cryptos get messy.

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The European Central Bank hasn't said anything about digital currencies lately, but analysts think that's about to change.

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Kraken had technical problems Monday that knocked the exchange offline for two hours. Users couldn't trade during that window, which is never good when markets are moving.

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Vitalik Buterin talked to the Ethereum community in a webcast, focusing on scaling solutions like rollups that should help the network handle more users.

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Japan's Financial Services Agency said it's reviewing crypto exchange rules, which could change how platforms operate there.

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Market participants are still waiting for the SEC's decision on Bitcoin ETF applications. That ruling could move the entire sector, but nobody knows when it's coming.

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The SEC's crypto enforcement actions have intensified since Gary Gensler took charge, with the agency filing dozens of cases against various projects and exchanges.

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Meanwhile, traditional finance keeps creeping into digital assets despite the regulatory chaos.

The Currency Analytics

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