XRP price retreated on Wednesday as a sea of red spread across the cryptocurrency industry ahead of the Federal Reserve's decision. Ripple (XRP) dropped by over 5%, erasing most of the gains made on Tuesday after the RLUSD stablecoin launch.

Valour, the asset management business of DeFi Technologies, has launched its Hedera staking exchange-traded product on the Euronext Amsterdam. The ETP issuer announced on Dec.

The Pudgy Penguins project has initiated a significant airdrop of its new token, PENGU, on the Solana blockchain, valued at $1.5 billion.

BNSOL's success is closely tied to the growth of Solana's ecosystem, which has seen its liquid staking ratio more than double in 2024.

American blockchain payments firm Ripple Labs Inc. triggered bullish market sentiment when it launched RLUSD stablecoin on global exchanges. While the price has seen no intense volatility, as previously hinted, its growth trends in 24 hours have not been particularly smooth.

Solana holds onto crucial levels of support as the crypto market recovers gradually from the sharp correction earlier in the day. It changes hands at $216.53, with Solana declining intraday at 2.33% so far.

In response to a question posed by a user on X, David Schwartz, Ripple's Chief Technology Officer, recently addressed the XRP Ledger's scalability in terms of (TPS) transactions per second. X user Chad Steingraber had asked if it was true that the XRP Ledger "through optimization" could potentially scale up to 50,000 TPS.

PENGU's debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

Filecoin joined Litecoin as a top underperformer, declining 6.2% from Tuesday.

As XRP consolidates above the $2 support zone, whale transactions could provide the much-needed trigger to breach the $3 psychological resistance.

XRP price has recorded a dip of nearly 6% today amid gloomy trading noted in the broader crypto market. This recent dip has fueled discussions among investors over the potential reason behind the retreat.

The price action of XRP has been at the center of the crypto market discussion for over a month now, but it seems things are far from over for the popular cryptocurrency. For example, since the beginning of November, the price of XRP has gained over 460% in value and is now quoted at around $2.70.

Litecoin is considered one of the most undervalued cryptos in the market. Mainly because being the very first altcoin still in action, LTC failed to follow Bitcoin's legacy. As a result, the token failed even to regain a 3-digit figure after the fallout in 2021.

Bloomberg analysts, including Eric Balchunas and James Seyffart, have speculated that Litecoin and Hedera are likely to see their ETFs approved before Solana and XRP.

Amid the altcoin recovery run, Solana witnesses a boost in network and price trends. As bulls prepare for a breakout run to $250, the on-chain growth supports the bullish trend chances.

The cryptocurrency market is preparing for an exciting period, with many anticipating Ripple (XRP) to reach the $10 mark in the near future. Although we are yet to reach milestone XRP, three altcoins are predicted to make good enormity, that potentially can expand 10x.

Solana's rise challenges Cardano's market position, but can Cardano reclaim its relevance in 2024?

Markets are on edge ahead of the Federal Reserve's final meeting of 2024, with investor focus shifting to the central bank's projections for 2025 rate cuts rather than the widely expected 25-basis-point reduction. What Happened: The outcomes of the projections could trigger vastly different market reactions, from relief rallies to sharp declines.

XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon.

Bitwise expands its suite of crypto staking solutions with the launch of a solana staking exchange-traded product (ETP). Solana ETP Launched in Europe While Bitwise U.S. Solana ETF Stalls Bitwise, a crypto asset management firm has introduced a Solana staking exchange-traded product (ETP) in Europe with the ticker BSOL.

XRP's status as a security and its inclusion in several pending lawsuits between the SEC and crypto firms could delay the approval of its ETFs until much later in 2025.

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The crypto universe is an arena where each asset fights for its place at the top. Recently, Solana (SOL), often hailed as a serious contender against Bitcoin (BTC) and Ethereum (ETH), has shown signs of weakness.

Bitcoin market dominance may decline over the next few weeks as altcoins are ready for another explosive period. The AI coin, IntelMarkets (INTL), is clearly one of the most promising.

The cryptocurrency market has been on a significant uptrend over the past month, adding in around $600 billion to its total market capitalization over the period amid a bull run that helped Bitcoin top the $100,000 mark for the first time ever.

The ETP, which trades under the ticker BSOL, comes with a unique advantage for investors: staking rewards. Bitwise has partnered with Marinade, a Solana staking firm, to provide these rewards.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

XRP has been at the center of ambitious price targets, with some market participants speculating that it could reach as high as $100, $300, or even $500 in the future. These predictions are often fueled by XRP's historical performance and the belief that the cryptocurrency could repeat its past success.

The XRP (XRP -6.12%) cryptocurrency is skyrocketing these days.

Despite an earlier strong breakout, XRP's price performance has been under pressure lately and appears to be stagnating. Although there is a bullish trendline breakout on the given chart, momentum is waning.

Bitwise, a prominent asset manager in the cryptocurrency space, has launched a Solana staking Exchange-Traded Product (ETP) called BSOL in the European Union. This launch comes as the company continues to face significant regulatory challenges in the United States, where efforts to introduce a similar Solana ETF have been stalled.

Ripple has launched its dollar-backed stablecoin RLUSD on multiple global exchanges, with initial trading available on five platforms and more to follow, while maintaining full USD backing through deposits, treasuries, and cash equivalents.

Good news for the crypto enthusiasts in the European Union. The famous crypto asset management firm, Bitwise, just launched its Bitwise Solana Staking ETP (BSOL). They launched the product on Deutsche Börse Xetra. It is a great product for investors looking for institutional grade exposure to Solana.

Bloomberg's senior ETF analyst expects multiple new crypto exchange-traded funds (ETFs) to launch in 2025 amid anticipated changes in Securities and Exchange Commission (SEC) leadership since Republican Donald Trump won the U.S. presidential election.

Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL. The post Bitwise Launches Solana Staking ETP in Europe as U.S. Awaits ETF Approval appeared first on Cryptonews.

Another SEC official with a negative stance on the crypto industry could vacate their post.

Between Sunday, December 25, and the time of writing, XRP whales have accumulated tokens worth $2.17 billion. This significant purchase has sparked speculation that XRP's price could be ready to hit a new high with just a few days left before the year closes.

Ripple's new stablecoin is fully backed by US dollar reserves to ensure price stability and minimize volatility, making it suitable for global cross-border transactions. The post Ripple's New Stablecoin RLUSD Officially Launched, Will XRP Pump Even Harder? appeared first on Cryptonews.

RLUSD will initially be available on exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA. More platforms, including Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, and Zero Hash.

Bitcoin (BTC) and Ethereum (ETH) ETFs pushed institutional crypto adoption this year to new highs. In light of the new, crypto-friendly US presidential administration and broader rally, Bloomberg analyst Eric Balchunas expects to see more crypto ETFs rolling out next year.

As the markets are heading towards the end of the year, the volatility has increased as expected. Meanwhile, these levels favour both the bulls and the bears at frequent intervals, suggesting a particular pattern being formed within the markets.

Solana maintains its position above $210 support while Bitwise launches a new staking ETP offering 6.48% yield, as technical analysts identify potential breakout patterns suggesting further upside potential.

XRP has broken through the $2.70 price level, establishing new support zones while technical indicators and market analysts point to potential further upside movement toward the $3 mark, though some analysts warn of possible retracement.

Solana price faces mounting pressure, with performance trailing behind Bitcoin, Ethereum, and lately XRP. Will 2025 mark a breakthrough to a new ATH for SOL price?

The crypto investment landscape transforms as Bitcoin ETFs accumulate over $123 billion in assets since January approval, while analysts project a strategic expansion of crypto ETFs in 2025, potentially reshaping market dynamics.

XRP consolidates after rallying more than 500% in 2024. When there's a pause after such a massive rally, speculation increases, especially with the Ripple token so close to its ATH.