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Cryptocurrency News Articles
From XRP Price Crash to Litecoin (LTC) ETF Buzz: Key Market Movers This Week
Feb 05, 2025 at 03:00 am
After a turbulent weekend in the crypto market, Ripple's XRP price and Litecoin (LTC) are making waves for very different reasons.
As the crypto market continues to experience a turbulent weekend, several key developments are impacting the prices of Ripple’s XRP and Litecoin (LTC) in contrasting ways.
Fresh off the heels of a broader market sell-off, XRP price took a significant hit on Monday as a result of a massive token unlock from escrow. Meanwhile, Litecoin (LTC) price is stirring up speculation with rumors of a potential ETF launch.
Here's a closer look at the latest updates and what they mean for investors.
Ripple's Latest 400M XRP Unlock Sparks Investor Panic: What's Next?
The latest token release from escrow by Ripple has triggered a strong market reaction, with XRP price plunging by over 24.6% in the last 24 hours. As part of the regular process to control the amount of XRP in circulation, Ripple releases tokens every month.
Whale Alert, a well-known blockchain tracker, announced the unlocking of 400 million XRP on Monday, prompting a rapid market response. XRP price had a sharp 24.6% drop from its peak value in a single day. As of this writing, XRP was trading at $2.35, down more than 15% from the day before.
The sharp decline in price demonstrates how vulnerable the XRP market is to token unlocks. While such releases are part of Ripple's plan to manage the token's supply, they may still provoke major market responses in the near term, especially when a substantial amount of tokens are released.
Insiders Reveal: Institutional Interest in Litecoin (LTC) Grows: What It Means for Prices
With rumors of a possible ETF launch ahead, Litecoin (LTC) is grabbing the crypto world's attention. Excitement about Canary Capital’s ETF application recently drove Litecoin (LTC) price to gain momentum until its most recent fall. The growing institutional demand, which has been highlighted by Litecoin founder, has added to the excitement.
While Litecoin (LTC) price faced some losses on Monday, the recent developments and speculations could still bode well for the token's future price movements. Here's a closer look at the latest updates and what they might mean for investors.
After a strong rally that saw Litecoin (LTC) price briefly cross the $100 mark last week, the token's gains slowed down on Monday amid a broader market sell-off. However, Litecoin (LTC) price is still showing resilience, trading above $90 at the time of writing.
The excitement around Litecoin (LTC) reached new heights with rumors of a potential ETF launch. Last week, Canary Capital, a leading cryptocurrency hedge fund, filed an application with the SEC to launch an ETF that will track the performance of Litecoin (LTC).
If approved by the SEC, this ETF would mark a significant moment for Litecoin (LTC) and could spur a new wave of institutional interest in the token. Notably, cryptocurrency ETFs have been a hot topic in the market, with several applications pending and rumors circulating about upcoming launches.
Apart from the ETF speculation, Litecoin (LTC) has achieved significant technological strides, such as the launch of the MimbleWimble Extension Block (MWEB), which improves capacity and privacy. Large transactions on the network have also increased, with daily exchanges surpassing $2.85 billion. These developments have yet to convert into gains for Litecoin (LTC), which is currently suffering some losses.
Is DTX Exchange the Best Altcoin Investment of 2025?
While XRP price drops down and Litecoin (LTC) ecosystem undergoes some major developments, this new viral altcoin is all set for a massive rally ahead.
DTX Exchange (DTX) is a soon-to-be-launched exchange platform that combines the strengths of both centralized and decentralized finance, aiming to create a next-generation trading hub.
The platform boasts an impressive range of features, including 1000X leverage, a non-custodial wallet, distributed liquidity pools, ETF tokenization, and support for over 120,000 financial assets. Additionally, DTX Exchange (DTX) emphasizes trust and security, having already secured a listing on CoinMarketCap and undergone several strict security audits.
With plans to expand its security protocols this year and a promising ecosystem, DTX Exchange (DTX) is certainly on the radar of many investors. Currently in its presale phase, the platform has already raised over $13.4 million in funding.
The team behind DTX Exchange (DTX) has strategically priced its tokens, with a planned increase at every subsequent round of the presale, reflecting a keen awareness of market dynamics and investor sentiment. Currently, at stage 8, each DTX token is priced at $0.16.
Key Takeaways
From Ripple's XRP price drop to Litecoin's ETF buzz and the rise of DTX Exchange, the crypto market is heating up with major developments. While XRP price faces sell-off pressure
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- Bitcoin Price Faces Uncertainty as Trump’s Trade War Roils Global Markets
- Feb 05, 2025 at 07:26 am
- The Bitcoin price faces uncertainty due to escalating global trade tensions, particularly following President Trump’s tariff impositions on China, Canada, and Mexico. These trade moves have heightened concerns of a global trade war, which has negatively impacted investor sentiment and led to a drop in the Bitcoin price to a local bottom above $91,000.