tldr; XRP’s market cap dropped by nearly $20 billion in a day, with its price falling 9.6% to $3.21, driven by regulatory uncertainty and market turbulence. The sell-off was exacerbated by a massive liquidation imbalance and the SEC’s abrupt reversal on approving Bitwise’s 10 Crypto Index Fund as an ETF, which included XRP. This decision, deemed ‚bizarre‘ by analysts, highlights ongoing regulatory challenges. Despite this, traders remain optimistic about future XRP ETF approvals, with an 85% probability predicted for approval by year-end 2025.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
superminingbros on
Buying opportunity for a short swing.
zuptar on
I dunno why this is „bizarre“ just a sensationalist headline.
A pause is clearly due to laws being in the works that are different from the time when there was an initial etf submission. It gives them time to bring their product into compliance and also aligns unpause time for competing products
ilfollevolo on
Bizarre, is it though? The guys at XRP have a money printer and a monopoly over a highly speculative asset.
Proof-Point-4044 on
*Looks at entire market in red* yep definitely just an xrp thing. Xrp bad
Benjamincito on
join us over at r/ripplescam to make fun of the ripplers !!!!!!!!!
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tldr; XRP’s market cap dropped by nearly $20 billion in a day, with its price falling 9.6% to $3.21, driven by regulatory uncertainty and market turbulence. The sell-off was exacerbated by a massive liquidation imbalance and the SEC’s abrupt reversal on approving Bitwise’s 10 Crypto Index Fund as an ETF, which included XRP. This decision, deemed ‚bizarre‘ by analysts, highlights ongoing regulatory challenges. Despite this, traders remain optimistic about future XRP ETF approvals, with an 85% probability predicted for approval by year-end 2025.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Buying opportunity for a short swing.
I dunno why this is „bizarre“ just a sensationalist headline.
A pause is clearly due to laws being in the works that are different from the time when there was an initial etf submission. It gives them time to bring their product into compliance and also aligns unpause time for competing products
Bizarre, is it though? The guys at XRP have a money printer and a monopoly over a highly speculative asset.
*Looks at entire market in red* yep definitely just an xrp thing. Xrp bad
join us over at r/ripplescam to make fun of the ripplers !!!!!!!!!