The XRP price is up 5.79% over the past 24 hours, outperforming the rest of the cryptocurrency market.
The Ripple-affiliated token managed to reclaim the $0.50 mark on major spot exchanges.
Bitcoin (BTC) and Ethereum (ETH) are also in green, adding 3.72% and 2.99%, respectively.
Major cryptocurrencies experienced a sudden drop on Thursday together with stocks due to hotter-than-expected inflation data. The U.S. Federal Reserve is now almost guaranteed to implement another 75-basis-point rate hike next month after the most recent consumer price index (CPI) index.
Major stock market indices experienced an extremely sharp turnaround yesterday. The Dow surged a staggering 1,500 points from its intraday low, closing 800 points higher. In fact, the S&P 500 index recorded its widest trading range since 2000.
Leading cryptocurrencies replicated this choppy trading session. Bitcoin came close to revising its yearly low of $17,600 in mid-July before recovering to nearly $20,000 within the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...