Cryptocurrency Market Update – The latest updates on Bitcoin and Ripple – The last 48 hours have seen Bitcoin and Ripple show variations at three different intervals. It seems both coins will cut out volatility pretty soon. Bitcoin’s resurgence has been quite impressive, pulling itself out of the downtrend after falling below and rising above the $10,000 mark in the last few days. It seems to have regained its momentum. Not just Bitcoin, Ripple has also regained its strength in the crypto market. Both coins are poised to stay bullish for some more time based on statistics. Bitcoin price prediction before the end of the year projects the price of Bitcoin at $15,000 while XRP price prediction at the end of the year projects price of Ripple at $0.9.
Bitcoin News Today – XRP News Today – Bitcoin Price Analysis – XRP Price Analysis – Bitcoin vs Ripple – Comparing the Price Action of Both Coins
Bitcoin and Ripple experienced three major price fluctuations between 19th of July and 20th of July. However, there is unpredicted stability of both coins in the market. Bitcoin experienced the first increase between 00:29 UTC and 06:33 UTC on the 19th of July — a 4.13% increase of the coin value. It fell by 6.75% between 06:33 UTC and 14:08 UTC.
Bitcoin (BTC) Price Today – BTC / USD
The third fluctuation occurred at 14:08 UTC and 16:26 UTC, with Bitcoin experience an increase of 14.49%. Ripple experienced a similar situation as Bitcoin, facing its first variation between 00:37 UTC and 06:35 UTC. This led to a 3.20% increase, adding $0.0099 to the coin value. The next came at 06:35 UTC, lasting over Six hours, seeing the coin fall by 4.34%. The third swing which started at 12:50 UTC and ended at 15:24 UTC, saw an increase of 7.32% by the coin.
Bitcoin News Today – Ripple News Today – Ethereum News Today – Bitcoin is Ahead of Facebook’s Libra But The New Crypto Is Already Ahead Of Ripple And Ethereum
In other cryptocurrency updates, older cryptos (save for Bitcoin) have already been surpassed by even unborn crypto which is already making the waves. From a new survey, it was discovered that there is a tangible public interest in Libra coin which currently is facing a strong criticism by global regulators. The fact that people do not wholly trust the company launching the coin, it seems people have grown more familiar with the coin than the already existing ones such as Ethereum, Litecoin, and Ripple.
According to a recent study, while only 58% of the Adults in the US have heard of Bitcoin (which is just over ten years old), about 16% of Adults in The US have already heard about Libra just a month after its unveiling (interestingly, it is yet to be launched!). Ethereum, the second-biggest cryptocurrency in the world has only been recognized by 12% of the Adult populace in The US since 2015. Smaller cryptocurrencies such as Litecoin and XRP are still not popular. It is believed that Bitcoin prices have been increasing in recent times mainly because of the interest in cryptocurrencies shown by Facebook and major tech companies in the world.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.