Ethereum also drops to lowest price in months, but XRP continues to rise

Ethereum also drops to lowest price in months, but XRP continues to rise
Ethereum also drops to lowest price in months, but XRP continues to rise

The Federal Open Market Committee (FOMC) once again caused a lot of volatility in the crypto market yesterday. Despite this, many races are returning to where they were approximately 24 hours ago, with a few exceptions. We find these on both the red and green side today. Still, the total market cap of all cryptocurrencies drops a little deeper at 0.5% to reach $955, its lowest in more than two months. Discuss this in our Discord environment!

Bitcoin swings back to the same price

Bitcoin (BTC) rose yesterday in the run-up to FOMC and made a sharp swing shortly after the rate hike announcement. Bitcoin then plummeted to $18,250, its lowest price since June. Since then, bitcoin has been recovering towards $19,000. At the time of writing, the BTC price stands at $18,960 on Coinbase and $19,220 on Bitvavo. This means that the BTC price is only 0.2% in the minus today.

Ethereum is the reddest in the top 10

Ethereum (ETH) is currently struggling the most among the largest crypto. Ether prices fell all the way to $1,230 last night, the lowest price since mid-July. ETH is also currently recovering slightly, standing at $1,275 at the time of writing. Nevertheless, ETH is currently 4.1% in the minus.

XRP again fastest riser in top 10

Ripple (XRP), on the other hand, continues to rise for the time being. XRP also fluctuated wildly after FOMC, then briefly touched $0.43 and then fell back to $0.39. However, XRP was able to rise sharply again last night and the price is currently pushing against resistance around USD 0.425. This puts XRP up 6% today, but how long can this rally continue in this market?

Crypto top 100 hardest risers

However, XRP is not the only strong riser today. Helium (HNT) and uniswap (UNI) are also up 6%. Chiliz (CHZ) is also recovering strongly and is even 8.5% in the plus today with which the price may resume its rally. Celsius (CEL) continues to fluctuate violently and is no less than 11% in the plus. Algorand (ALGO) is the big winner today, rising nearly 12% to $0.3555.

Trade with Crypto Insiders

Are you looking for help with trading? Do you have questions and do you want to receive technical analyzes immediately? Join and try a Premium Membership free for 30 days. Here our analysts share their market knowledge and the latest analysis 24/7. Here you can also directly connect with various market experts and crypto enthusiasts who are ready to help you!

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

The article is in Dutch

Tags: Ethereum drops lowest price months XRP continues rise

PREV Lubbe Kroeze searched and found stories along the canals
NEXT Nacer Chadli guides Westerlo with his first goal past red lantern Zulte Waregem | Jupiler Pro League 2022/2023