BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote

Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote
Bitcoin traded flat on Wednesday morning in Asia, after briefly breaching the US$28,000 level on Tuesday night. Ether dipped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners following crypto-related legal developments involving the U.S. Securities and Exchange Commission (SEC). Stock futures in the U.S. traded mixed, as investors wait to see if the U.S. debt ceiling deal passes through Congress. The deal faces opposition from some House Republicans. Meanwhile, concerns over further U.S. interest rate hikes and debt issuance continue to limit investor appetite for risk assets.



Bitcoin, Ether flat; XRP surges







Bitcoin dipped 0.35% over the last 24 hours to US$27,666 at 10:00 a.m. in Hong Kong, but was trading 1.92% higher for the week, according to data from CoinMarketCap. The world’s most dominant cryptocurrency reached a high of US$28,044 on Tuesday evening in Asia. However, it soon fell back down below the US$28,000 resistance level.



Digital asset investment products saw outflows totalling US$39m in the week ending May 26, according to a Tuesday report from European cryptocurrency investment firm CoinShares. Bitcoin-linked products accounted for almost a third of those outflows. The six-week run of outflows totals US$272 million — an indication that bearish sentiment continues to weigh heavily on the crypto market. 



Ether inched down 0.13% to US$1,895, but gained 2.66% over the past seven days. The token has been trading around the US$1,900 resistance level since the start of the week.



Most other top 10 non-stablecoin cryptocurrencies traded flat to lower in the past 24 hours, with the exception of XRP, Solana and Litecoin.



XRP led the winners, jumping 6.15% in the past 24 hours to US$0.5209. That rise expanded its weekly gain to 12.75%. 



Markus Thielen, Head of Crypto Research at digital asset service platform Matrixport, suggested in a note that the token’s surge could be linked to the announcement of a settlement reached Monday between the SEC and a former manager at cryptocurrency exchange Coinbase. The former Coinbase employee agreed to SEC charges that he had engaged in insider trading.



That resolution could, Thielen suggests, benefit Ripple — the issuer of XRP — in its own legal dispute with the SEC, leading to gains for XRP.



Elsewhere, Dogecoin led the losers. The memecoin dropped 1.03% to US$0.07242, dipping 0.06% for the week.



The total market cap of cryptocurrencies edged up 0.32% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume inched 2.02% higher to US$30.06 billion.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Bitcoin, Ether flat; XRP jumps; U.S. equity futures mixed ahead of debt ceiling vote


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script