Dogecoin surged to a three-year high price after President Trump won the election. But those gains are gone as DOGE weathers a tough market.
Investment behemoth Franklin Templeton, which boasts a total of $1.53 trillion, has filed to launch an XRP exchange-traded fund (ETF).
The U.S. government's bold move to establish Bitcoin (CRYPTO: BTC) as an official reserve asset through President Donald Trump's strategic Bitcoin reserve (SBR) has thrust cryptocurrencies into the spotlight, yet stablecoins like PayPal's PYUSD and Ripple's RLUSD are faltering in their bid for market share against offshore giants like Tether's USDT. What Happened: Signed into effect on March 6, the executive order designates Bitcoin as a sovereign-grade store of value, backed by roughly 100,000 BTC from forfeited Treasury holdings, while a favorable regulatory climate has failed to ignite adoption of U.S.-based stablecoins.
Job openings in the United States rose in January to service a steady demand for workers even as federal layoffs tied to the Department of Government Efficiency (DOGE) are expected to take effect in the coming months. According to data from the Bureau of Labor Statistics released Tuesday, available positions climbed to 7.
TL;DR The crypto market is experiencing a strong correction, with significant losses in Dogecoin (DOGE), Ethereum (ETH), and Lido DAO (LDO). Traders betting on a recovery were the most affected, with losses reaching up to $420 million in BTC, $150 million in ETH, and $30 million in DOGE.
Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20.
Bitcoin at $76,867 signals a crypto correction. If BTC fails to reclaim key levels, altcoins like Solana and XRP could see deeper losses.
Republicans GOP leaders have joined liberals in a new bipartisan bill meant to assist thousands of federal workers dismissed by the federal job-sweeping spree of the Department of Government Efficiency (DOGE), the controversial agency led by billionaire Elon Musk.
According to data provided by Kaiko, the realized volatility of the Ripple-linked XRP has surpassed 100% this March.
Despite market downturns, figures like Ripple CTO David Schwartz and Robert Kiyosaki advise the community to buy Bitcoin. The market is historically cyclical, and BTC has always recovered in the long term.
Dogecoin's sentiment has reportedly reached its most negative level in over a year. Crypto analyst Ali Martinez (@ali_charts) shared the below chart illustrating the current landscape of Dogecoin's social sentiment and noted: “Investor sentiment around Dogecoin is at its most negative in over a year.
With XRP struggling to hold key support and Nvidia facing a sharp correction, investors are wondering which asset has the strongest upside potential.
Recent shifts in U.S. regulatory policy under President Donald Trump have sparked optimism for a stablecoin boom, yet major players like PayPal's PYUSD (CRYPTO: PYUSD) and Ripple's RLUSD (CRYPTO: RLUSD) are struggling to capitalize on the favorable climate. Despite a supportive Securities and Exchange Commission, a pro-crypto Commerce Secretary and the rollback of restrictive banking rules by the Office of the Comptroller of the Currency, these American-backed digital currencies have failed to dent the dominance of established rivals like Tether's USDT (CRYPTO: USDT) and Maker's DAI (CRYPTO: DAI).
Ripple's Chief Technology Officer, David Schwartz, has responded to fresh claims about XRP's supply, rejecting accusations that new tokens can be minted at will.Schwartz took to X to clarify that XRP's maximum supply is hard capped at 100 billion, refuting statements made by Bitcoin maximalist Pierre Rochard.
The crypto market is recovering, with XRP in the spotlight after the price reclaimed the $2.1 mark. Amid a massive sell-off, XRP Open Interest has shifted its recovery by 1.66% in one hour to 1.39 billion coins.
In a short period of time, the number of executed transactions fell from over two million to less than one million, indicating a significant shift in XRP's market activity. Given the erratic nature of the cryptocurrency market, this sharp drop raises questions about the asset's future course.
Whales have bought more than 1.4 billion DOGE tokens in the past 24 hours.
The cryptocurrency market remains volatile, with Ethereum trading below $2,000, facing resistance after recent corrections. While most crypto markets trade sideways, several Ethereum rivals to buy stand out, positioning themselves as promising alternatives for potential growth.
Widely-followed analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on cross-border payments. Martinez notes that XRP faces a classic technical pattern that suggests a possible meteoric rally in the near future.
XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market.
DOGE could witness a major upswing.
The XRP (XRP) daily chart registered its lowest candle close in 99 days on March 10. The altcoin dropped below the $2 support level but registered a short-term recovery of 12% on March 11.
Ripple's CTO sets the record straight on XRP infinite mint theories during a heated online squabble with BTC Maxis.
Solana's market capitalization is over $69.11 billion, now trading at about $138.71. With analysts continuously monitoring important resistance and support levels to guide its next action, the bitcoin has shown tenacity over the last months among market swings. XRP, which is now valued at roughly $2.29, has a market capitalization of approximately $129.
Crypto prices today continued their downward trend as investors remained in the sidelines and panic selling intensified. The crypto fear and greed index has slipped to 18, while Wall Street analysts from companies like Citi and HSBC have issued a major warning about the current state of the market.
Ripple's price has been consolidating in a wide range over the recent month against both USDT and BTC. Yet, the future direction of the market might soon be revealed.
XRP's price has dropped to the crucial $2 support, confirming a head-and-shoulders pattern, signaling a potential macro trend shift with a possible drop to $1.20.
The cryptocurrency market has been under intense pressure, with XRP experiencing significant corrections in recent weeks. Over the last 24 hours, the total market cap has slipped by 4.4%, affecting most major cryptocurrencies. XRP, which has already endured two major downturns this month, is struggling to recover from its recent losses.
XRP may drop to $1 if Bitcoin declines, but experts see Lightchain AI as a safer bet after raising $17.1m in presale. #partnercontent
David Schwartz does not seem too concerned. While Bitcoin takes another dip - down 1.39% in the last 24 hours, 2.74% in the past week - the Ripple CTO and XRPL architect sees a buying opportunity, not a crisis.
Dogecoin has fallen over 20% in a week and now tests critical support at $0.16, which could determine whether it drops further or potentially rallies toward $2.
XRP (XRP -2.24%) is down 15% during the past 30 days, and it might fall even further. With a trade war kicking in, it's reasonable to expect that digital coins focused on international commerce like XRP could take a severe beating that's only just getting started.
The value of XRP (XRP -2.82%) coin, which came out of Ripple Labs, has skyrocketed over the past three years, surging 324% (as of this writing). XRP's price has risen as more institutions have adopted the Ripple network, which allows for real-time, cross-border payments and currency exchanges.
A recovery or a deeper decline in value could be determined by the market's next action as XRP has reached a critical price level. For weeks the digital asset has been trading in a descending channel, consistently marking lower highs and lower lows, which is a blatant sign of bearish pressure.
The cryptocurrency market does not look impressive right now. In the last 24 hours alone, the market cap has slipped by at least 4.4%. Almost all top cryptos have suffered declines during the same period. XRP is not an exception. It has recorded a drop of 2.3%.
XRP price briefly dropped below $2 yesterday after the crypto market crashed, wiping out nearly $1 billion in total liquidations. Ripple (XRP) has since recovered above $2, but as selling activity remains strong, investors remain anxious about whether now is the right time to buy XRP.
The legal battle between Ripple and the SEC has dragged on for years, but a resolution could finally be in sight. The XRP lawsuit has created growing anxiety within the crypto community, with many fearing a delay in its resolution. Despite the SEC dismissing other crypto cases, there is significant debate over the XRP outcome.
Leveraged traders betting on a rally got torched with BTC bulls losing $420 million, ETH longs saw $150 million in liquidations.
Elon Musk's Tesla stock has been on a sharp decline, losing nearly 15% of its value over the past few days. This drop follows a loss of post-election gains, with many attributing the decline to CEO Elon Musk's political involvement.
Long-term investors in XRP (XRP -0.95%), sometimes called Ripple after the company that developed it, have endured stomach-churning volatility. Cryptocurrency prices are prone to large swings to begin with, and a lawsuit between XRP's developer and federal regulators has clouded the token's prospect since late 2020.
WhiteRock's XRPL-powered testnet has shown strong performance, drawing attention ahead of its live launch and upcoming AMA on March 11.
As the SEC vs Ripple case has dragged on for years, the community has been anticipating an imminent resolution, fueled by the SEC's recent string of crypto lawsuit dismissals. A glimmer of hope has emerged as lawyer Fred Rispoli unveiled a crucial date that marks a significant turning point for the XRP lawsuit settlement.
Deaton has three reasons why Bitcoin's long-term outlook remains strong, despite market turbulence.
The uncertainly prevailing over the stock markets seems to have negatively impacted the crypto markets, which once were being benefited. This shift in market dynamics seems to be scary, revealing the excess dominance of the institutions over the markets.
Dogecoin started a fresh decline below the $0.1850 zone against the US Dollar. DOGE tested $0.1450 and is now consolidating below the $0.1650 resistance.
The cryptocurrency market, led by Bitcoin (BTC) and Ethereum (ETH), has shed more than $1.3 trillion in valuation since U.S. President took the oath of office for his second term. The crypto market has experienced heightened selling pressure during the past eight weeks amid the mixed fundamentals, especially from the political environment.
XRP, Ripple Labs' native token, is in a crucial make-or-break situation due to bearish market sentiment and a recent price decline. Data from CoinMarketCap shows that XRP has lost over 6% of its value in the past 24 hours and is currently at a critical support level of $1.95.
XRP tumbled 10.51% to $1.9390 by 20:39 (00:39 GMT) on Tuesday, marking its steepest one-day drop since March 3. The decline pushed its market cap down to $117.42 billion, representing 4.59% of the total cryptocurrency market.