RATE Group | Bitcoin, XRP, And LTC Prices Recover After Tumbling On Libra Hearings, What’s Next?
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Bitcoin, XRP, And LTC Prices Recover After Tumbling On Libra Hearings, What’s Next?

22 Jul Bitcoin, XRP, And LTC Prices Recover After Tumbling On Libra Hearings, What’s Next?

Posted at 00:07h in Bitcoin News by

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Congressional hearings on Facebook’s Libra took major cryptocurrencies on a wild ride last week. After tumbling early in the week, most major cryptocurrencies recovered, with Bitcoin losing just 2.42% of its value, while XRP and LTC edged higher.

Table 1

Coin Price %7d
BTC $10,639.70 -2.42
XRP $0.33 2.31
LTC $99.60 3.61

**As of 7/21/19, at 6.30 a.m.

Source: Coinranking.com

The broader market remained under water, with 65 out of the top 100 coins trading lower, and 35 higher.

Table 2

Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks

Cryptocurrencies Advance/Decline Number
Advance 35
Decline 65

Source: Coinmarketcap.com 7/21/19, at 6.30 a.m.

Cryptocurrency markets have been caught in a tug of war between those who fear that political establishments will crush Bitcoin and altcoins, and true believers, who think that technology will prevail.

“Recent…

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