XRP’s sharp downturn happened as bitcoin (BTC) and ether (ETH), the two leading cryptocurrencies by market capitalization, lost key price levels Wednesday afternoon after the Federal Reserve’s latest interest rate decision. Despite the Fed pausing its rate hike campaign after 14 months, an event most traders thought would be bullish for prices, BTC and ETH dropped below $25,000 and $1,700, respectively, to 3-month lows.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- EVM Finance. Unified Interface for Decentralized Finance. Access Here.
- Quantum Media Group. IR/PR Amplified. Access Here.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/markets/2023/06/14/xrp-tumbles-8-erasing-price-gains-from-hinman-emails-in-ripple-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- 000
- 14
- After
- an
- and
- AS
- BE
- below
- Bitcoin
- BTC
- Bullish
- by
- Campaign
- capitalization
- Coindesk
- cryptocurrencies
- decision
- Despite
- DOWNTURN
- dropped
- ETH
- Ether
- Event
- Fed
- Federal
- Federal Reserve’s
- For
- from
- Gains
- happened
- Hike
- HTTPS
- images
- in
- interest
- INTEREST RATE
- ITS
- jpg
- Key
- latest
- lawsuit
- leading
- Lows
- Market
- Market Capitalization
- months
- most
- plato
- Plato Data Intelligence
- PlatoData
- price
- Prices
- Rate
- Rate Hike
- reserves
- respectively
- Ripple
- ripple lawsuit
- sharp
- The
- the Fed
- thought
- to
- Traders
- Tumbles
- two
- Wednesday
- would
- xrp
- zephyrnet
More from CoinDesk
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal’s Stablecoin Software
Source Node: 2813347
Time Stamp: Aug 9, 2023
Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs
Source Node: 1855369
Time Stamp: Dec 31, 2022
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens
Source Node: 2010233
Time Stamp: Mar 13, 2023
Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns
Source Node: 1727393
Time Stamp: Oct 21, 2022
Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report
Source Node: 1675101
Time Stamp: Sep 21, 2022
Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up
Source Node: 1777519
Time Stamp: Dec 19, 2022
Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan
Source Node: 2978800
Time Stamp: Nov 24, 2023
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
Source Node: 2982034
Time Stamp: Nov 28, 2023
First Mover Americas: SEC Drops Charges Against Ripple Leaders; Bitcoin and XRP Gain
Source Node: 2949759
Time Stamp: Oct 20, 2023