Altcoin News Daily Official TheBitTimes.com

Ethereum (ETH) experienced a massive price surge earlier this month. The asset’s price took off after the commencement of the Pectra upgrade. ETH’s rally has since slowed down. Despite the cool off, ETH is still trading in the green zone. The asset is up 2.7% in the daily charts, 4.1% in the weekly charts, 6.1% in the 14-day charts, and 45.5% over the previous month. Despite the incredible breakout, ETH’s price is still down by 32.4% since May 2024. Source: CoinCodex Cryptocurrencies Consolidate As Investments Slow Down Source: BitCoinist ETH’s recent rally was further supported by a spike in institutional investments in the crypto market. Bitcoin (BTC) saw a new peak of $111,814 on May 22. The rally was likely due to a surge in institutional investments. The rally has since slowed down. BTC’s price has fallen to the $109,000 level amid a dip in institutional inflows. ETH’s Pectra was incredibly well-received by the community. The upgrade will likely ...

Ripple’s XRP token is one of the most popular crypto projects. XRP is one of the most utilized currencies for cross-border remittances. Despite its popularity, the asset has faced substantial hurdles over the last few years. Also Read: US Stock: Here’s How High Tesla (TSLA) Share May Rise By Mid October While many significant crypto projects hit all-time highs during the 2021 bull run, XRP did not. The asset hit an all-time high of $3.40 in January 2018, over six years ago. XRP is currently down by 84.5% from its 2018 peak. Why The Dull Performance? Source – Coinpedia One of the primary factors for the asset’s lackluster performance over the last few years was Ripple’s lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities and filed a lawsuit against the company in December 2020. The lawsuit led to significant barriers to XRP’s price. The lawsuit recently settled, with the fintech company paying a fine of...