The cryptocurrency market started the weekend with low volatility. Most altcoins in the cryptocurrency market have experienced low-level value increases since the morning. XRP, which has been fluctuating between $0.49 and $0.51 throughout the week, has also started trading at around $0.50, recording a low-rate value increase of around 0.5% in the last 24 hours.
What is the Current Situation in the Crypto Market?
The cryptocurrency market started the first day of the weekend with low volatility as the leading cryptocurrency Bitcoin consolidated at around $25,800. Most altcoins in the cryptocurrency market have experienced value increases at various rates since the morning.
With its recent price movements, Ethereum (ETH) has started trading at $1,630. The total market value of the cryptocurrency ecosystem has reached $1.04 trillion, according to CoinMarketCap (CMC) data.
The volatility in the cryptocurrency market has also shown a downward trend during the day. According to Coinglass data, a total of $15 million worth of short and long positions were liquidated in the cryptocurrency market in the last 24 hours.
XRP Surpasses $0.50 Levels
XRP, which witnessed a significant drop in mid-August, experienced a loss of over 20% in the last month. After experiencing a loss of over 20% in the last month, XRP gained a downward momentum during this period.
Since the beginning of the week, XRP has been fluctuating between $0.49 and $0.51. Although it has dropped below $0.50 several times in recent days, it quickly rebounded and surpassed $0.50 levels. According to CMC data, XRP has recorded an average low-rate value increase of around 0.5% in the last 24 hours and started trading at $0.50, making it the second highest-gaining cryptocurrency among the top 10 cryptocurrencies by market capitalization.
Disclaimer: The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making transactions.
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