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XRP has hit a new all-time high, breaking a seven-year record and signaling renewed strength in the altcoin market. On Friday, July 18, the token soared to $3.64, surpassing its previous peak of $3.40 set back in January 2018.
As of now, XRP is trading at $3.59, according to data from crypto.news, marking an 18% increase in the past 24 hours and a 40% gain over the past week.
This latest rally has pushed XRP’s market capitalization to $212 billion, making it the third-largest cryptocurrency—leapfrogging Tether (USDT). Over the past month alone, XRP’s market cap has surged by 65%, fueled by growing investor confidence and momentum.
#BreakoutTradingStrategy
As of now, XRP is trading at $3.59, according to data from crypto.news, marking an 18% increase in the past 24 hours and a 40% gain over the past week.
This latest rally has pushed XRP’s market capitalization to $212 billion, making it the third-largest cryptocurrency—leapfrogging Tether (USDT). Over the past month alone, XRP’s market cap has surged by 65%, fueled by growing investor confidence and momentum.
#BreakoutTradingStrategy
Charles Hoskinson, co-founder of $ADA Cardano, was notably excluded from the White House Crypto Summit, with a White House source stating that Cardano is not part of crypto policy discussions.
Additionally, Hoskinson was not invited to a recent MAGA Inc. fundraising dinner, despite his social media posts suggesting he might attend. These exclusions highlight a potential disconnect between Hoskinson and key political and policy-making circles in the crypto space.#WhiteHouseCryptoSummit #TrumpCongressSpeech #ADA
Additionally, Hoskinson was not invited to a recent MAGA Inc. fundraising dinner, despite his social media posts suggesting he might attend. These exclusions highlight a potential disconnect between Hoskinson and key political and policy-making circles in the crypto space.#WhiteHouseCryptoSummit #TrumpCongressSpeech #ADA
The Swiss National Bank (SNB)🇨🇭, led by President Martin Schlegel, has rejected the idea of adding Bitcoin (BTC) to Switzerland's reserve assets🏦. Schlegel cited three primary concerns:
1. **Lack of Stability**: Bitcoin's high price volatility makes it unsuitable for the SNB's conservative risk profile.
2. **Liquidity Issues**: Despite Bitcoin's growing adoption, the SNB sees challenges in executing large-scale transactions efficiently.
3. **Security Risks**: The bank is cautious about potential custody-related risks and regulatory uncertainties surrounding Bitcoin.
This decision may disappoint Bitcoin enthusiasts, especially given Switzerland's reputation as a crypto-friendly nation. However, it highlights the SNB's cautious approach to adopting digital assets in its reserves. #SwissNationalBank 🏦 #BTC 🪙 $BTC
1. **Lack of Stability**: Bitcoin's high price volatility makes it unsuitable for the SNB's conservative risk profile.
2. **Liquidity Issues**: Despite Bitcoin's growing adoption, the SNB sees challenges in executing large-scale transactions efficiently.
3. **Security Risks**: The bank is cautious about potential custody-related risks and regulatory uncertainties surrounding Bitcoin.
This decision may disappoint Bitcoin enthusiasts, especially given Switzerland's reputation as a crypto-friendly nation. However, it highlights the SNB's cautious approach to adopting digital assets in its reserves. #SwissNationalBank 🏦 #BTC 🪙 $BTC
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