RATE Group | Ethereum, XRP Set For More Devastation According to BTC Dominance
75039
wp-singular,post-template-default,single,single-post,postid-75039,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum, XRP Set For More Devastation According to BTC Dominance

08 Jan Ethereum, XRP Set For More Devastation According to BTC Dominance

Posted at 18:41h in Ethereum News by

[ad_1]

Most cryptocurrencies have been rallying this week, however, Bitcoin’s pump yesterday caused many altcoins – such as Ripple, Ethereum, and many more –  to retrace against BTC.

That trend is now expected to continue, causing a larger rise in BTC dominance, to as much as 80% of the total crypto market.

XRP, Ethereum, and More All Retrace in the Wake of Bitcoin Breakout

This week, the crypto market caught fire after weeks of stagnancy and downtrend. First, the number three cryptocurrency by market cap, Ripple, exploded by over 12%, then Ethereum followed with gains of its own. Finally, Bitcoin broke out from its trading range, but that caused any altcoin gains to retrace almost entirely against the first-ever crypto asset.

Related Reading | XRP Kicks Off Another Year Of Decline With Potential Bear Pennant Breakdown

Ripple has been able to hold much of its relative USD value from the recent pump and is trading at prices around 21 cents per XRP token. However, on the XRP/BTC price…

[ad_2]

Source link