• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Sunday, April 2, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

(GBTC), (ETHE) – Crypto Market Update: Bitcoin Posts Massive Recovery, XRP Faces Grayscale Setback

14 January 2021
in XRP
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Cryptocurrency markets have staged a smart recovery with the total global market capitalization jumping 10.17% in 24 hours leading to press time, as per CoinMarketCap data.

What Happened: Bitcoin (BTC) was up 10.01% at press time at $37,330.57 while Ethereum (ETH) rallied 5.48% higher at $1,105.77.

Grayscale Bitcoin Trust (OTC: GBTC) closed 3.67% higher at $40.35 on Wednesday. On the same day, Grayscale Ethereum Trust (OTC: ETHE) closed 1.75% higher at $13.40.

Grayscale is making moves to dissolve its XRP Trust after having announced the liquidation of XRP positions from its Grayscale Digital Large Cap Fund (OTC: GDLC). 

The decision comes in the wake of the United States Securities and Exchange Commission filing a lawsuit against XRP linked company Ripple Labs, as per a statement. XRP traded 0.99% higher at $0.29 at press time.

Most other major altcoins followed the lead of the apex cryptocurrency with Litecoin (LTC) higher by 8.27% at $145.98 and Bitcoin Cash (BCH) up by 3.5% at $491.10.

Chainlink (LINK) and Monero (XMR) traded higher by 12.31% and 3.66% at $15.79 and $164.91 respectively at press time.

A cryptocurrency that bucked the trend was Solana (SOL), which traded 4.49% lower at $3.38. 

Why It Matters: Despite the jump in prices, analysts are not taking a bright view of the market.

Misha Alefirenko, founder of VelvetFormula, a crypto market maker, told CoinDesk that he has no “clear view at the moment.”

See also: Bitcoin Hype-To-Activity Ratio: What That Tells Us About The Latest Rally

“Looks like big guys stepped away to wait and see. The market has to find its own balance,” said Alefirenko.

Constantin Kogan, a partner at Wave Financial, said there was potential for downwards movement in BTC.

See Also: Key Metric Indicates Bitcoin Rally Might Be Over For The Time-Being: What You Need To Know

“We may go even lower to $23,000,” said Kogan — adding,  “There is a zone from which they [traders] will start to actively buy back.”

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related articles

Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders’ Lawyer

Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders’ Lawyer

2 April 2023
Ripple [XRP] falls to psychological support level: Can bulls step up soon

Ripple [XRP] falls to psychological support level: Can bulls step up soon

1 April 2023



Source link

[crypto-donation-box]
Cryptohopper
ADVERTISEMENT
Tags: BitcoincryptoETHEFacesGBTCGrayscaleMarketmassivePostsrecoverySetbackupdateXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement

Next Post

First Mover: Forget Facebook’s Stablecoin. Now It’s $700B Bitcoin in the Crosshairs

Related Posts

Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders’ Lawyer

Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders’ Lawyer

2 April 2023
0

Gamza Khanzadaev John Deaton is convinced that even Bitcoin could have been recognized as security if this had happened in...

Ripple [XRP] falls to psychological support level: Can bulls step up soon

Ripple [XRP] falls to psychological support level: Can bulls step up soon

1 April 2023
0

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s...

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

1 April 2023
0

Investor optimism for XRP rose yesterday, causing XRP’s price to gain 1.07%.XRP closed Q1 of this year with a 58.9%...

XRP Healthcare Reveals Africa Expansion Plans

XRP Healthcare Reveals Africa Expansion Plans

1 April 2023
0

The company would merge and acquire private healthcare institutions in Africa.XRP Healthcare – a Web3 healthcare solutions company building a...

Ripple [XRP] surges in this country, but pump-and-dump fears rise

Ripple [XRP] surges in this country, but pump-and-dump fears rise

1 April 2023
0

XRP’s trading volume across major South Korean exchanges jumped in the last week. There were concerns that Korean traders were...

Load More
Next Post

First Mover: Forget Facebook's Stablecoin. Now It's $700B Bitcoin in the Crosshairs

Leave a Reply Cancel reply

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

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders’ Lawyer
  • Shiba Inu, Dogecoin, and TMS Network are set to skyrocket
  • Allbridge Investigates Exploit as Bridge is Temporarily Closed – BSC NEWS

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,356.00-0.25%
  • ethereumEthereum(ETH)$1,818.15-0.51%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$315.170.19%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • rippleXRP(XRP)$0.51-0.69%
  • cardanoCardano(ADA)$0.383889-2.00%
  • dogecoinDogecoin(DOGE)$0.0820106.83%
  • staked-etherLido Staked Ether(STETH)$1,809.80-0.66%
  • matic-networkPolygon(MATIC)$1.110.46%
  • solanaSolana(SOL)$21.00-0.08%
  • polkadotPolkadot(DOT)$6.330.95%
  • binance-usdBinance USD(BUSD)$1.000.05%
  • litecoinLitecoin(LTC)$93.660.03%
  • shiba-inuShiba Inu(SHIB)$0.0000111.53%
  • tronTRON(TRX)$0.066068-1.54%
  • avalanche-2Avalanche(AVAX)$17.680.11%
  • daiDai(DAI)$1.000.12%
  • uniswapUniswap(UNI)$6.02-2.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,364.00-0.24%
  • chainlinkChainlink(LINK)$7.43-1.58%
  • cosmosCosmos Hub(ATOM)$11.442.54%
  • ToncoinToncoin(TON)$2.24-0.32%
  • leo-tokenLEO Token(LEO)$3.390.10%
  • ethereum-classicEthereum Classic(ETC)$20.921.53%
  • stellarStellar(XLM)$0.1091360.38%
  • moneroMonero(XMR)$159.621.76%
  • okbOKB(OKB)$41.74-0.13%
  • bitcoin-cashBitcoin Cash(BCH)$125.510.67%
  • filecoinFilecoin(FIL)$5.690.57%
  • hedera-hashgraphHedera(HBAR)$0.0743265.55%
  • AptosAptos(APT)$12.4611.01%
  • lido-daoLido DAO(LDO)$2.39-0.50%
  • true-usdTrueUSD(TUSD)$1.00-0.08%
  • quant-networkQuant(QNT)$127.131.84%
  • crypto-com-chainCronos(CRO)$0.069030-0.34%
  • nearNEAR Protocol(NEAR)$1.991.02%
  • vechainVeChain(VET)$0.0233670.51%
  • ArbitrumArbitrum(ARB)$1.27-5.77%
  • apecoinApeCoin(APE)$4.352.94%
  • algorandAlgorand(ALGO)$0.221098-0.71%
  • internet-computerInternet Computer(ICP)$5.190.88%
  • eosEOS(EOS)$1.20-0.09%
  • fantomFantom(FTM)$0.4667720.49%
  • the-graphThe Graph(GRT)$0.142353-0.72%
  • blockstackStacks(STX)$0.933.08%
  • the-sandboxThe Sandbox(SAND)$0.630.79%
  • decentralandDecentraland(MANA)$0.624.33%
  • theta-tokenTheta Network(THETA)$1.070.97%
  • elrond-erd-2MultiversX(EGLD)$42.38-0.01%