Ethereum
U.Today’s Crypto News Roundup
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U.Today presents the three main news stories of the past day.
3.6 billion XRP in 24 hours, what’s happening?
YesterdayThe XRP token has managed to leave the waters of the “Red Sea,” with its price registering a modest growth of 0.95% and reaching $0.6090 in the last 24 hours. Moreover, the token’s trading volume has seen an astonishing increase; according to data from CoinMarketCap, the volume jumped by 47% to reach $2,238,753,637. Among the factors that have contributed to this rise are rumors of a settlement or decision in the Ripple vs. SEC lawsuit. According to these rumors, the regulatory agency and the fintech giant are reportedly meeting behind closed doors. Despite the fact that previous settlement agreements have not been successful, there are signs that the two parties could have this conversation at any time. Currently, however, the price of XRP and its trading volume are experiencing a decline; The Ripple-affiliated token is trading at $0.5904, down 4.45% in the past 24 hours.
Very bullish news on Bitcoin (BTC) coming in the coming days: Samson Mow
Samson Mow, CEO of Jan3 and Bitcoin enthusiast, has adopted the X platform to do even more another optimistic statement regarding the flagship cryptocurrency. This time, Mow declared In the coming days, the Bitcoin community should expect “super bullish Bitcoin news.” The CEO did not provide any details on what kind of news this might be; however, he added that the “market should be a little greener.” Mow’s post caught the attention of prominent trader Willy Wo; in a comment, he reminded Mow that Bitcoin fundamentals “play out over long time frames” and that “in long time frames, BTC is nothing but green.” Wo also advised the CEO and BTC enthusiasts not to focus on short-term time frames, saying that this is “the domain of degenerate traders.”
Related
It’s Over: Ethereum ETFs Disappoint Community With Massive Outflows
Data provided by Farside Investors shows that on the second day of trading, Ethereum exchange-traded funds (ETFs) saw flows Fidelity’s FETH saw $74.5 million in inflows, Grayscale’s mini ETF saw $45.9 million, and BlackRock’s ETHA saw $17.4 million, but those inflows weren’t enough to offset the massive outflows seen by Grayscale’s ETHE, which lost $326 million on Wednesday. The outflows are expected due to ETHE’s massive 2.5% fee. As previously reported by U.Today, Ethereum ETFs have come on the scene with “very strong” inflows. However, it appears that these products may struggle to maintain their momentum. Yesterday, Ethereum fell as much as 8%, but today it is making a slow recovery, changing hands at $3,251, up 3.59% in the last 24 hours.