Straits Times Index
3,171.78 -15.88 (-0.50%) Nikkei
36,870.80 -1,208.90 (-3.17%) Hang Seng
16,197.47 -188.40 (-1.15%) FTSE 100
7,877.05 +29.06 (+0.37%) Bitcoin USD
60,319.25 -1,197.54 (-1.95%) CMC Crypto 200
1,255.94 +370.40 (+39.36%)
XRP CAD (XRP-CAD)
| Previous close | 0.692619 |
| Open | 0.692619 |
| Day's range | 0.654458 - 0.694203 |
| 52-week range | 0.557156 - 1.163172 |
| Start date | 2013-08-04 |
| Algorithm | N/A |
| Market cap | 36.08B |
| Circulating supply | 55.13B |
| Max supply | N/A |
| Volume | |
| Volume (24 hrs) | 2.16B |
| Volume (24 hrs) all currencies | 2.16B |
Barrons.comBitcoin Keeps Dropping. Why the ‘Halving’ Should Bring Prices Back Up.
The crypto has fallen this week ahead of a key catalyst. Traders are bracing for more declines but the longer-term outlook is stronger.
Barrons.comBitcoin Holds as Traders See the Halving Pushing Prices Above Record Highs
and other cryptocurrencies were little changed Friday, hovering at levels that have held for much of this week as Bitcoin’s halving—which will reduce token supply—looms as a key catalyst for cryptos. The price of has hovered around flat over the past 24 hours at $70,800, levels around which the largest digital asset has traded for much of the past week and within striking distance of its mid-March all-time high near $74,000. Bitcoin has recovered from a brief selloff on Wednesday, when data showed persistent inflation that could stop the Federal Reserve from cutting interest rates—which should be supportive for cryptos—as soon as once expected.
Barrons.comBitcoin Bounces Back. Why Cryptos Can Shake Off Inflation Fears.
Bitcoin’s halving and other factors supporting demand make the outlook for interest rates less critical for cryptos.
