Bitcoin (BTC) drops after reaching new annual high, ripple (XRP) rises after good news

ripple crypto

The top 10 cryptocurrencies based on market capitalization currently look pretty mixed. For example, bitcoin (BTC) is slightly in the minus and ripple (XRP) in the plus. In addition, there is a striking rise lower in the list.

Total market capitalization recently reached its highest point since July 2018. Market capitalization rose to nearly $ 291.5 billion, which appears to be mainly the result of XRP and BTC doing well in the last 24 hours.

However, market capitalization has fallen slightly again after bitcoin has fallen slightly again. The largest cryptocurrency based on market capitalization is worth $ 9,120.75 at the time of writing, according to CoinMarketCap, after falling in value by 0.46% in the last 24 hours.

Bitcoin drops after it managed to peak at $ 9,412 last night, a new annual high . In that price range, however , the BTC course seems to have encountered considerable resistance. In the hours after reaching this peak, the rate slowly dropped back to the price level where the rate was about 24 hours ago.

At the time of writing, the price of ripple (XRP) is $ 0.4394 according to CoinMarketCap. This puts it 2.24% in the plus. The altcoin is currently the only climber in the top 5. The increase is probably the result of a new collaboration between Moneygram and Ripple.

Moneygram is said to use the xRapid product from Ripple Labs to speed up international bank transfers. Moneygram will use the XRP token for this. This means that transactions can be settled almost immediately, unlike traditional bank transfers that can take several working days.

Finally, in position 24 you can find the biggest riser of the moment: Chainlink. The project behind the altcoin was the subject of good news a few days ago . Google will use the technology to stimulate the development of hybrid dApps. At the moment, the altcoin seems to be lifting up on that news.

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About Shawn Morrison 204 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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