The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of slightly more than one percent. However, there were those who exploded and led the market’s recovery. Namely, XRP. Let’s dive in.
Starting with the BTC price – it wasn’t very impressive during the last week. In fact, the primary cryptocurrency only booked an increase of slightly more than one percent and is currently unable to convincingly claim the $27K level. The week saw some volatility when BTC soared above $28K, but the buyers were unable to maintain the pressure, and sellers ultimately took over, pushing the price back to where it’s currently trading.
With Ripple’s XRP, though – it was a different story. The cryptocurrency exploded by over 11% in the past seven days. It seems that investors are starting to price in a potential victory for Ripple in the case against the Securities and Exchange Commission.
But this wasn’t even the most impressive performance of the week.
Injective (INJ) is this week’s top performer. It’s up a whopping 25% in a market that’s otherwise rather uncertain. The altcoin has been one of the best performers throughout the year.
Author: George Georgiev