Bitcoin price gains steam hitting $10,000 level, with the overall crypto market entering bullish price action.
Cryptocurrency exchange Binance has announced it hired Iskander Malikov, a former TradingView COO, as new Director of Fiat, Europe and CIS at the exchange. He will focus on establishing new fiat-to-crypto channels for Binance.
Bitcoin price shot 4% on Thursday to surpass $9800 levels along with a sudden spike in the Open Interest. The community is enthusiastic about the upcoming Bitcoin halving event, however, the coronavirus outbreak in China is severely hurting the region’s mining business.
Ripple CEO Brad Gralinghouse has lashed out at Novogratz’s comment on XRP. Galinghouse said that so far in 2020, XRP has successfully managed to outperform Bitcoin. He also pointed out some of Novogratz’s failed predictions from the past.
While some experts are rather bullish about the performance of Ripple’s XRP in 2020, Mike Novogratz believes that the coin will underperform again this year.
Just recently BitMEX has launched XRPUSD swaps. At the very beginning Ripple’s XRP price hasn’t reacted, staying stable. However, now XRP seems to be climbing up.
Ripple has entered in a new partnership. Together with International Money Express, Inc. (Intermex) it will ensure faster cross-border payments between the U.S. and Mexico.
Ripple’s XRP has surprised the market and the investors as its price jumped 10% due to a sudden surge in trading volumes. With today’s move, the XRP price has gained 35% year-to-date.
Despite markets are going down, XRP price remains stable. BitMEX has added USDXRP perpetual swaps to attract sophisticated users to its platform.
Market analysts believe that the XRP 750-day descent will end in 2020. As a result, there could be a possibility that the price would jump over $100 before the year ends.
The XRP token has registered gains of more than 2 percent at the start of the week following the release of half a billion tokens from Ripple’s escrow account.
The usage of XRP within RippleNet for cross-border payments is continuously growing. It is one of the factors that can ensure a more liquid and stable market.
A recent hearing in the U.S. Congress included the discussion of fiat currencies, payment methods and cryptocurrencies. In this context, XRP and the efforts made by Ripple in the sphere of payments were directly mentioned.
XRP is still in an odd spot: nobody knows for sure whether or not the asset is a commodity or security or even neither. Some people, like Ben Askren, believe that it is just a scam.
It is believed that XRP is ready to leave the bear market aside and move higher. XRP price could reach $14 with the next bull run.