News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
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Markets Report: Bitcoin retakes all-time high as BNY Mellon embraces crypto
Bitcoin sees a boost to new all-time highs thanks to BNY Mellon, but the risk of a “parabolic breakdown” remains, warns one analyst; Cardano pushes closer to $1
Having hit upwards of $48,000 on Monday thanks to Tesla’s $1.5 billion buy-in, Bitcoin saw sellers line up closer to the psychologically significant $50,000 barrier. Thereafter ensued a consolidation period which briefly saw a return to near $43,000 in the past 24 hours.
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Altcoins seize the spotlight: BTC takes a tumble, ETH slides
Starved of attention from its biggest backer in recent days, Dogecoin enjoyed a surge on Wednesday when Elon Musk declared he had bought DOGE for his son. But Cardano ruled the day
As bitcoin nursed a 3.5% loss and struggled to stay above $45,000, with Ether flat at $1,735, the real gains were to be seen in altcoins with a smaller market cap. Most notably, it was an impressive day for Cardano
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Between Tether, DeFi, and the SEC, Ripple's standing in crypto's top five is in jeopardy (Photo: Pixabay)Is XRP in danger of falling out of the top five cryptocurrencies?
XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot
Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
