Crypto Market Watch: Ripple Spikes 5%, Bitcoin Fights At $40K

The cryptocurrency market continues to be in the red, with Bitcoin (BTC), struggling to regain the $40K mark. However, major altcoins such as Ripple (XRP), and Dogecoin(DOGE) have made some gains and are now up respectively by 5% or 4%.

Bitcoin hovering at $40K

The crypto markets have not enjoyed a smooth start to April, despite some positive movements. Bitcoin started April at almost $46,000. It has been through significant volatility since then and at one point dropped below $40K.

Yesterday, April 14, was a positive day for the most popular digital asset. It maintained $41K and even crossed over $42K at one point. However, today’s red trading session on Wall Street saw BTC drop below $40,000 again.

BTC has managed to recover some losses and is trading at just over $40K. This is 2.5% lower than its USD valuation 24hrs ago. Its market capitalization totals $763 billion.

Source: Trading View

Ripple, Dogecoin and other Green products are available

It is a common occurrence that alternative coins follow bitcoin and are also in red. Ether, the second largest cryptocurrency, is down around 2.5%.

Luna, Terra’s native token, lost approximately 7% of its USD value despite multiple BTC purchases over the past few weeks. NEAR (another asset that was recently in the spotlight) is also heading south and has fallen by 6%.

A few large caps, however, are still in the green corner. Ripple and Dogecoin have posted the greatest gains. XRP has risen by more than 5% to $0.8 at the moment, its highest trading level in the past week.

A further increase of around 4% was also recorded by the first ever memecoin, which headed north. Elon Musk, the richest man in the world, often praises DOGE. Yesterday, Tesla’s CEO offered $43 billion to buy Twitter, one of the largest social media platforms in the world. This might have been a positive factor in DOGE’s rise.

Global cryptocurrency market cap now stands at $1.88 trillion. This is a decrease of 2% over the previous day.

The Cryptocurrency Market Overview Source: Quantify. Cryptocurrency Market Overview
Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami