Bitcoin has had an exceptionally trying week, and it doesn’t bode well for March — a month that’s traditionally bearish for the world’s biggest cryptocurrency.

After hitting record highs of $58,300 last Sunday, Bitcoin suffered a dramatic reversal of fortunes — crashing to $46,000 on Tuesday. Elon Musk might not have helped matters… in the run-up to the correction, he had tweeted that BTC and ETH seemed high.

Analysts and investors alike breathed a sigh of relief on Wednesday when Bitcoin managed to retake $50,000 — with some proclaiming that the asset had undergone a “healthy correction.” But this narrative proved shaky when BTC plunged yet again on Friday to lows of $44,454.84.

All of this comes amid a backdrop of unease in the traditional markets, and this week’s price activity suggests BTC faces an uphill struggle if it’s going to appreciate further. Generally, analysts are looking for $50,000 to become an established support before expecting any bullish continuation.

A flurry of good news throughout the week may have prevented things from going bad to worse for Bitcoin. Early in the week, two institutions announced they were doubling down on their BTC buy-ins. 

MicroStrategy purchased an additional 19,452 coins, with CEO Michael Saylor declaring that his company has no intention of slowing down. It came after Square announced it had purchased 3,318 BTC for $170 million — following on from a $50-million spending spree in October 2020.

Bitfinex and Tether also announced that they had reached a settlement with the New York attorney general, linked to ongoing allegations that Tether misrepresented the degree to which USDT stablecoins were backed by fiat collateral. Under the terms of the deal, both companies will have to pay $18.5 million in damages, report on their reserves periodically, and stop serving customers in the state.

On Friday, JPMorgan helped to cheer up the markets by telling clients that allocating 1% of a portfolio to Bitcoin would serve as a hedge against fluctuations in stocks, bonds and commodities.

Moving beyond Bitcoin, there’s been a lot of movement in the altcoin markets. 

Last week, Binance Coin had stolen the show with a stunning triple-digit surge that helped it become the world’s No. 3 cryptocurrency. Fast forward to this week, and it’s now been overtaken by Cardano’s ADA.

A fresh wave of optimism and buying volume on Friday pushed its price to a new all-time high, and momentum for the project has been building throughout February. Open interest for ADA futures also rose to $580 million, surpassing Litecoin to become the third-largest derivatives market.

All of this comes as an exodus from the Ethereum blockchain continues, with 1inch becoming the latest DeFi project to expand to Binance Smart Chain.

As the old saying goes: “The sun don’t shine on the same dog’s ass every day.”

The sun was certainly shining on Elon Musk when the week began. One analyst had suggested that Tesla had made $1 billion in profit since making its Bitcoin investment. That’s more than the profit generated by selling electric vehicles (what it’s known for) across the whole of 2020.

Alas, that was before the carnage seen on the crypto markets. To make matters worse, Tesla’s share price has dropped by more than 20% from the highs of $890 seen on Jan. 26. These joint factors prompted Musk to lose his crown as the world’s richest man. Some analysts wasted little time in attributing TSLA’s crash to its association with Bitcoin.

But there’s another threat on the horizon, with reports suggesting that the U.S. Securities and Exchange Commission could investigate Musk’s alleged impact on BTC and DOGE through his many, many tweets.

The billionaire made a concerted effort to shrug off these concerns, suggesting he would even welcome such a probe.

We’ve been learning a lot more about Coinbase this week as it gears up to launch on the stock market. One particular hipster-ish announcement came when the exchange declared that it’s held Bitcoin and other cryptos on its balance sheet for nine years.

Coinbase sought to package this announcement as a paean to other corporations that might be considering a similar move — touting itself as an authority in advising institutions about how to deal with their own prospective investments.

In other news, the company submitted its S-1 report to the Securities and Exchange Commission this week. The filing revealed that the exchange generated revenues of $1.1 billion in 2020 — 96% of which came from transaction fees. Net income in 2020 came in at $327 million… a stark contrast to the $46 million loss seen the year before.

At the end of the week, Bitcoin is at $46,609.99 , Ether at $1,470.17 and XRP at $0.43. The total market cap is at $1,429,222,267,885.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Fantom , Pundi X and Cardano. The top three altcoin losers of the week are Dodo , Horizen and Venus.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis . 

“As gas price stays too high, we see a lot of projects, tokens and users coming to BSC, and this is the right moment for 1inch to expand to other blockchains.”

Sergey Kunz, 1inch co-founder

“Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet — and we plan to maintain an investment in crypto assets as we believe strongly in the long-term potential of the cryptoeconomy.”

Coinbase

“Incredible scale for a technology that critics claimed couldn’t scale.”

Ryan Watkins, Messari researcher

“It’s very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years. And no, it’s probably not Satoshi.”

Antoine Le Calvez

“The company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value.”

Michael Saylor, MicroStrategy CEO

“[I’m] very positive on Bitcoin, very happy to see a healthy correction here.”

Cathie Wood, Ark Investment Management founder

“We are now sitting on 2.35x the previous cycle ATH OF 20k. WE ARE JUST GETTING STARTED.”

Bitcoin Archive

“Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future.”

“I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

Michael Saylor, MicroStrategy CEO 

“We’ve experienced 2018 & 2019. This is nothing.” 

Michaël van de Poppe, Cointelegraph Markets analyst

“I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

Bill Gates, Microsoft founder

“But we’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum.”

Lark Davis, crypto influencer

“I lost most of my life savings and haven’t received a response from a human. I’d think they would refund or they would lose all their customers. I’m sick to my stomach but will join the lawsuit with plenty of proof(screenshots) if not refunded.” 

u/dtk6802, Reddit user

“In our view, many institutional investors are entering with a buy-and-hold mentality given their understanding of Bitcoin as digital gold.”

Martin Gaspar, CrossTower research analyst

“I think Tesla is going to double down on its Bitcoin investment.”

Dan Ives, Wedbush analyst

We love an outlandish prediction here at Hodler’s Digest… and Michael Saylor certainly delivered the goods this week.

The MicroStrategy CEO declared that Bitcoin will be the savings method of choice for a staggering 1 billion people in just five years’ time. That’s despite the fact that just 21 million BTC exist… and his company already owns 90,000 of it.

Saylor’s comments came after U.S. Treasury Secretary Janet Yellen launched her latest attack on Bitcoin, describing it as “inefficient.”

In a confident interview with CNBC, he declared that Bitcoin “is the dominant digital monetary network,” adding: “I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

Microsoft founder Bill Gates had a big warning for Bitcoin buyers this week.

Speaking to Bloomberg, he warned: “Elon has tons of money, and he’s very sophisticated so, you know, I don’t worry that his Bitcoin would randomly go up or down.”

Gates said it would be a mistake for the average investor to blindly follow the mania of optimism surrounding Musk’s market moves, telling those who aren’t billionaires to “watch out.” 

Criticizing Bitcoin’s energy consumption, he added: “I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

This isn’t to say that Gates thinks digital currencies are a bad thing. He just believes that they should be transparent, reversible and (essentially) centralized.

As you’d expect, a post-mortem is now fully underway after this week’s carnage in the crypto markets.

Curiously, data from Santiment suggests that the initial crash may have been linked to a huge transaction that took place after Sunday’s all-time high of $58,300. The transfer of 2,700 BTC — worth $156 million at the time — was the second-biggest transaction of 2021.

It’s possible that this whale cashing out contributed to unbearable selling pressure in the market, which snowballed into the largest one-hour candle in Bitcoin’s history. If enough alarm bells weren’t ringing, this self-same wallet also dumped 2,000 BTC just before last March’s infamous flash crash.

A prominent crypto influencer has warned that Ethereum’s competitors will continue to siphon away users should Eth2 fail to launch soon amid ever-increasing gas fees.

Lark Davis said Ethereum’s skyrocketing fees has meant that only “rich investors” can afford to use the network, prompting smaller users to switch to competitors like Binance Smart Chain.  

Describing the current gas fee prices as “totally loco,” Davis urged Ethereum developers to expedite the launch of Eth2 in response to the skyrocketing to prevent a further exodus of users to cheaper alternatives. He added: “We’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum. […] A transaction on Uniswap costs $50 on average these days, and that is just crazy.”

He’s just 28 years old, but Sam Bankman-Fried has already amassed a $10-billion fortune. But unlike most people in crypto, he’s building up this fortune to give half of it away.

Mastercard is set to open the shop doors to crypto as a means of payment in 2021, but it will likely be a challenge for the firm.

Bitcoin’s market cap broke the $1-trillion barrier without a final push from institutions — could their influence be overrated?

Get Into Cryptocurrency Trading Today

The modern banking system consists of slow and outdated transaction processes. For instance, ordinary bank transfers from one part of the world to another can take up to a week to complete. Ripple is a cryptocurrency that seeks to provide solutions for international financial transactions. It serves as an open payment platform. It allows users to exchange and settle payments from anywhere in the world. XRP is the cryptocurrency token used to conduct transactions on this platform. 

Generally, the Ripple system seeks to link banks worldwide. It also aims to ease payment systems and cross-border transactions. Let us find out Ripple’s main features (XRP) and if you should buy XRP in 2021. 

Many potential investors and participants of Ripple’s platform are wondering about its forecast in 2021. Various factors affect XRP’s price, including recent news surrounding this cryptocurrency. Luckily, Ripple is very active in updating its community on its recent developments and news. 

Likewise, it is vital to analyze the previous performance of this cryptocurrency. Crypto experts also believe that analyzing Ripple’s performance since its start aids in predicting its future price. In this article, we will look at a brief historical overview of Ripple. We will also analyze its 2020 performance in the cryptocurrency charts.

Ripple’s development began as RipplePay back in 2004 by Ryan Fugger, a Canadian developer. He developed the first XRP sample to serve as a payment system in RipplePay’s electronic version. But, the crypto community did not give it due interest. 

So, Jed Mccaleb, an entrepreneur and programmer, and other investors furnished the project with more funding to support its development. He founded OpenCoin, which later became Ripple Labs Inc. In turn, Ripple and XRP rose to become the top three cryptocurrencies in the world in 2012. With its increased transaction processing rate at low fees, many investors embraced this cryptocurrency. They found it as a means to make profitable transactions with digitized funds.

Currently, Ripple’s throughput is the highest of all cryptocurrencies. It can handle 1500 transactions per second. XRP takes about four seconds to complete such transactions and scales up to 50,000 transactions per second. As a result, this cryptocurrency speeds up transactions, reduces the costs involved, and prevents unnecessary delays and inconveniences. 

When Ripple entered the cryptocurrency market, its cost was $0.0058. This was the price for many years until March-April 2017, when the price soared to $0.03. In May, the coin jumped to $0.2 when the Bank of Tokyo-Mitsubishi joined the Ripple Network. Throughout 2017, XRP’s price fluctuated between $0.18 and $0.3.

Due to bitcoin’s growth in December 2017, Ripple hit $1 per coin and over $3 per XRP in January 2018. But, XRP’s price plummeted to $0.28 by the end of December 2018. This was even after the release of xRapid, a platform for financial institutions and payment services. 

However, the demand for XRP began rising in April 2019. Its price jumped to about $0.45 in May of the same year. By October 2019, XRP traded at $0.24, and its price reached $0.63 by the end of November due to the expansion f cryptocurrencies, including bitcoin. 

By the end of December 2019, it traded at $0.225 owing to its issues with the Securities and Exchange Commission (SEC). According to various news reports, SEC sued Ripple as it claimed that the network conducted an unlawful issuance of securities. 

At the beginning of 2020, XRP traded at $0.20 and steadily rose to $0.35 by March. The price then fell to $0.15 by late March and experienced a slight market rebound in April. By the end of 2020, this cryptocurrency traded at $0.28.

Ripple has established a robust relationship and a global presence with many banks and financial institutions over the years. As a result, the future of XRP development looks quite promising. According to Credible Crypto, a famous crypto analyst, the fluctuations experienced by this cryptocurrency over the years are quite normal. The source predicts that the cryptocurrency will reach $25-$30 in the long-term, but after experiencing a 30% drop in the market.

On the other hand, Wallet Investor, an online forecasting service, predicts that XRP will reach $0.70 within the first months of 2021 before taking a dramatic plunge. By the end of 2021, the price will trade at an average of $0.30 and begin 2022 by selling at $0.50.

Based on these predictions and the past performance of this cryptocurrency, it is an excellent opportunity to buy XRP in 2021. Especially since it is trading at such a low price. Many crypto enthusiasts are waiting for the cost of bitcoin to rise. In turn, this will influence the rise in the trading price of other cryptocurrencies, including XRP. 

If you are looking to buy XRP in 2021, most XRP 2021 price predictions look promising, as seen above. However, the cryptocurrency market is quite volatile, meaning it is difficult to establish long-term estimates. Thus, it is vital to conduct sufficient research before investing in any crypto, including Ripple. Take into consideration expert advice, technical analysis, and the latest market trends.

Buy & Sell Cryptocurrency Instantly

Whale Alert has detected that, over the past 17 hours, Huobi crypto trading giant and large cryptocurrency owner has shifted a mammoth-sized amount of crypto: 610 million XRP tokens.

In fiat, this represents $278,594,530.

According to data presented to the community by Whale Alert crypto tracker, in the last 17 hours, China-based Huobi exchange has wired approximately 600 million XRP tokens (around $273 million) in three transactions.

The transfers carrying 100 million, 200 million and 300 million XRP were conducted between the internal wallets of the exchange, possibly between hot and cold storage vaults.

In a separate tweet, Whale Alert also noted that a crypto wallet with an anonymous owner had sent 10 million XRP to Binance. According to data from Bythomp analytics provider, the sender was Coinbase exchange.

After holding at the $0.46 mark on Tuesday, XRP token has now managed to rise to the $0.53 level and, at press time, is trading at $0.51, according to data shared by CoinMarketCap.

So far, XRP has made it back into the top five, having reclaimed fifth place from Polkadot (DOT).

Recently, XRP has risen from the $0.37 price mark up to the present level as Bitcoin and Ethereum have been growing in price: Ethereum has surged from the $1,524 area to yesterday's all-time high of $1,800.

As for the flagship cryptocurrency, Bitcoin has scored two consecutive all-time highs since Monday, Feb. 8: $44,000 and $48,000.

Both ATHs were driven by Tesla's announcement about allocating almost ten percent of its cash reserved, an eye-popping $1.5 billion, into Bitcoin.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

After a massive decline of 38% on 1 February, XRP has been able to pull itself back on the charts, with the crypto surging above $0.50 from a floor price of $0.34. Although the crypto-asset has lost its 4th position on the rankings to Cardano, its market cap was still well above $20 billion, at press time.

Since the turn of 2021, XRP has slowly built its position on the charts, undergoing movement within the trendlines of an ascending channel. While a massive breakout did take place towards the end of January, the crypto’s valuation quickly fell below the pattern once again. At the time of writing, XRP was trading above the average line in the channel, positioning itself right under the resistance level of $0.51.

While a long-term support level was available at $0.34, an immediate re-test could take place from $0.45. As can be observed from the attached chart, the 20-day Moving Average seemed to be supporting the price’s northbound movement, but the possibility of another correction was strong.

A strong move towards the $0.60-$0-64 range may manifest if the bullish momentum is carried forward. However, indicators highlighted more signs of a bearish takeover in the long run.

According to market indicators, the MACD, at press time, was exhibiting a bearish divergence with the price movement. The bullish momentum was stagnating at the top and the Relative Strength Index or RSI pointed to a reversal in buying pressure.

While the price can be moved into the overbought region, the Stochastic RSI suggested that a bearish reversal may have already taken place.

Overall, the bearish signals seemed more defined, making it more likely that the crypto-asset will drop over the new few weeks.

By the end of February, XRP may drop below $0.45 or at least re-test from that range before attaining a high at $0.60-$0.64. The resistance level at $0.51 remains fundamental in terms of market structure, and will be critical in determining the market direction over the next few days.

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Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

XRP Price Analysis: 22 February

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Share on FacebookShare on TwitterShare on PinterestShare on LinkedInOMGGGG Ripple XRP ELON MUSK IS LITERALLY WARNING YOU !! DON’T SELL | XRP NEWS TODAY ============================================ The Financeable is your non-stop destination for Bitcoin news today, Ethereum news, Ripple Xrp news, Crypto updates, Cryptocurrency news, Dogecoin news, Dogecoin Elon Musk, Dogecoin prediction, Altcoins updates, Tezos updates, Ada cardano, updates, price prediction 2021, how to invest and how to make money online. ============================================= #ripplexrp​​ #xrp​​ #xrpnewstoday​​ #xrpnews​​ #Bitcoin​​​ #Cryptocurrency​​​ #Invest​​​ #Crypto​​​ #TheFed​​​ #News​​​ #Litecoin​​​ #Cardano​​​ #Ethereum​​​ #DigiByte​​​ #Litecoin​​​ #Invest​​​ #Binance​​​ #Elastos​​​ #PundiX​​​ #Tron​​​ #IOTA​​​#Starbucks​​​ #StellarLumens​​​ #Google​​​ #Vechain​​​ #cryptocurrency​​​ #news​​​ #btc​​​ #eth​​​ #litecoin​​​ #marketanalysis​​​ #entrepreneur​​​ #business​​​ #success​​​ #investment​​​ #finance​​​ #bitcoins​​​ #StockMarket​​​ #BestCryptocurrency​​Share this:Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Like this:Like Loading...Related

There has been a total transfer of 61 million XRP tokens in the last few hours by Coinbase, Binance, and Bitrue. The first two are the major exchanges, while the latter is a smaller exchange. The Bithumb website, in conjunction with XRP analytics and the whale alert crypto tracker, confirmed this information.

Crypto Exchangers Perform More Than 60 Million Worth of XRP Transactions

According to the whale alert Twitter bot, Binance, Coinbase, and Bitrue were responsible for the top three XRP transactions. Binance (the leading crypto exchange among them) received 20 million XRP from Coinbase. Moreover, Coinbase moved 31 million XRP tokens within its wallets.

Bitrue also followed suit by transferring 10 million XRP tokens. The USD value of all the transacted XRP was $33,907,358.

Last month, when the U.S. Securities regulator prosecuted Chris Larsen (the co-founder) and Brad Grailinghouse (CEO) of Ripple labs, Coinbase stopped the trade of XRP on its platform.

But, Jed McCaleb, Ripple’s other co-founder, wasn’t included in the lawsuit. One reason might be that he left the company in 2013, and Ripple has been paying his settlement agreement in bits. McCaleb has also been selling his XRP holdings regularly. He now has less than 500 million XRP (specifically, 442 million XRP).

A month ago, evidence from Whale Alert showed that McCaleb is the wealthiest person in the crypto-ecosystem; he has profited a little over $1 billion from selling his XRP assets.

It would be recalled that the SEC also instigated legal action against Coinbase after they were found guilty of receiving trading fees of “illicit” XRP trades. However, that suit didn’t stop McCaleb from earning more than $400 million in 2020 from his XRP sales. Thus, bringing his total XRP profit sales to $546 million. It is alleged that McCaleb’s sales of XRP are one reason why the cryptocurrency can’t maintain a steady price for an extended period.

Though Coinbase disallowed XRP trades, XRP owners under Coinbase were still allowed to keep or withdraw it from their wallets. Furthermore, Binance’s United States office has barred all trades on XRP.

XRP Maintains a Steady $0.57 Trade Value

Right now, the CoinMarketCap ranking shows that XRP is one of the seven leading cryptocurrencies. Recall that it once occupied the fourth spot of the same ranking after gaining a 50 percent price increase within a week. However, this cryptocurrency won’t be in the top five for a first time since July 2014.

From valentine’s day, trading on XRP has not strayed far below the $0.57 price levels. This year, it did achieve its peak on the first day of this month, trading at $0.71. According to the XRP community, the coin still has good prospects since it’s maintaining this high price amidst battling with a lawsuit.

Sadly, reports from U.Today suggest that it is doubtful that Ripple and the Regulator can reach an agreement. However, some crypto enthusiasts opined that Ripple labs can achieve a lenient block-one style compromise with the regulatory trading authorities.

Also Read: Ethereum Price Hits $2,000 As Bitcoin Bullish Run Continues

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Accoding to data retrieved from XRPscan, Ripple’s co-founder, Jed McCaleb’s crypto wallet has sold 61.5 million XRP.

Ripple co-founder Jed McCaleb has recently offloaded another 61.5 million XRP, bringing his total holding to below half a billion XRP.

According to data retrieved from XRPscan, Jed McCaleb’s crypto wallet sold 61.5 million XRP.

The co-founder is partly responsible for price not holding for long as it should, as he has over the years been regularly dumping XRP in the crypto market, following his departure from Ripple in 2013.

The value of his most recent sale is now estimated to be worth $36.9 million in XRP, bringing his total holding in that wallet to 442 million XRP.

At the time of drafting this report, XRP traded at $0.606590 with a daily trading volume of $13.3 Billion. XRP is down 4.09% for the day.

Recall about a month ago, Whale Alert reported that McCaleb’s remaining XRP holdings, along with the gains he made selling XRP stood at $1.2 billion, making him one of the richest individuals in the crypto-verse.

It’s key to note that McCaleb left Ripple several years ago and went on to launch his own crypto company known as Stellar. As of the start of Q3 2020, he was selling an average of 1.74 million XRP daily which, at that time, was estimated to be worth $547,438.

According to Whale Alert’s research, the co-founder still owns 3.274 billion XRP.

In spite of Ripple’s legal troubles with the powerful American financial regulator, Jed McCaleb was able to gain $411 million in XRP sales throughout 2020, bringing his total gains from selling XRP to $546 million.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

Hi, Olumide. What are the procedures for one to start cryptocoin business, and how much is the minimum amount to start with,how long before i’ll start making profit and the risk involved

XRP seems to have defied the odds to stay competitive with other Altcoins despite ripples’s challenges with regulators.

Sir please need cryptocurrency with back from Nigeria

Cardano at the time of writing this report was trading at $1.047324, up 20.35% on the day.

Cardano, the sixth most valuable crypto is enjoying impressive gains amid record-buying pressure from crypto investors.

At the time of writing this report, Cardano was trading at $1.047324, up 20.35% on the day. It was the digital currency’s biggest one-day percentage gain since February 20, 2021.

Such appreciation sighted in the fast-rising crypto asset, pushed Cardano’s market value to $32.38 billion, or 2.10% of the total cryptocurrency market value. At its highest, Cardano’s market cap was pegged at $35 million.

READ: Cardano flying on a record high amid top American singer’s buy

Cardano had traded in a range of $0.899630 to $1.047324 for the day.

Over the past seven days, Cardano has seen a rise in value, as it gained 21.56%. The volume of Cardano traded for the day at the time of writing, was $10.583078 billion or 4.48% of the total volume of all cryptocurrencies.

It has traded in a range of $0.8115 to $1.1971 in the past 7 days.

Highly revered crypto analyst/trader, Michaël van de Poppe also recommended the fast-rising crypto asset.

READ: Bitcoin more valuable than any global bank

In a video (titled “Cardano Breaks $1 But $10 Is Possible In This Bull Cycle! Here’s Why!”) released recently the crypto pundit told his followers on Youtube channel that:

“Cardano going towards $10 is not that weird to calculate from here, especially given the fact, and I’ve been saying this in the past week multiple times, especially given the fact that Cardano and mostly all the Bitcoin pairs are just barely waking up. So there’s still much more to gain for the Bitcoin pairs.”

SpaceX, a company founded by Elon Musk is exploring the merits of buying Bitcoin, according to MicroStrategy CEO, Michael Saylor.

MicroStrategy CEO, Michael Saylor, has revealed that SpaceX, a company founded by Elon Musk, is exploring the merits of buying Bitcoin.

Saylor revealed that top representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin seminar, which the leading business intelligence company organized to aid companies interested in buying Bitcoin as a treasury asset.

READ: Bitcoin bounces back after losing $13,000 in a space of 2 days

“We had people from SpaceX there. We had people [from] some of Elon Musk’s companies. We had people from Marathon there.

“The ones you would expect were there, but of course, there’s an avalanche of private companies, and there were a decent number of public companies and treasurers and CFOs that were lurking.

“Some don’t want to have their names mentioned, as you can imagine, because it’s a sensitive topic,” Saylor said.

READ: Panic in crypto market as over $140 billion got wiped off

However, a significant number of traditional finance experts are not buying into the flagship crypto bullish run, as they see little value in the digital currency on the account that they believe Bitcoin, and other leading cryptos are just part of a larger speculative bubble.

Recent reports suggest SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

READ: Tesla loses $200 billion in market value following Bitcoin investment

Micheal Saylor has always been a strong fan of the world’s most popular crypto asset and he thus shares the bias that companies can use Bitcoin to hedge against future fiat inflation and allow them to plug into a revolutionary and superior monetary network.

At the time of writing, XRP was projected to maintain its ascension as buying activity picked up on the charts. On the other hand, Algorand moved lower after a bearish marubozu candlestick formed on its 4-hour chart. Finally, Zcash was tipped to flip the $125.6-resistance on the back of strong bullish signals.

XRP‘s bulls maintained the crypto’s price above the crucial support level of $0.45 as bullish momentum picked up over the past couple of sessions. The said momentum was reflected by the Awesome Oscillator as the bars switched to green on the histogram. While some saturation was seen in the market, according to the Stochastic RSI, buying activity and trading volumes picked up in the last 24 hours and countered bearish predictions.

An extended bull run could see XRP climb above the $0.55-resistance mark and target the next ceiling at $0.632. If traders decide to take profits at this price level, the support at $0458 would come under the spotlight.

The formation of a bearish marubozu on Algorand’s 4-hour chart signaled a bearish reversal after the price snapped a local high at over $1. The sell-off was noticeable on the On Balance Volume, with the indicator moving lower over the last few sessions. A bearish crossover on the MACD showed that the sellers were ready to take control of the market.

The support levels lay at $0.98 and $0.85 in the event of a fall. However, if the bulls alleviate the selling pressure around the $0.98-support, there would be a chance of a bullish bounceback in the coming days.

Zcash’s performance has been quite bullish over the past seven days as the cryptocurrency posted gains of over 20%. The uptrend was clear on the Parabolic SAR’s dotted markers which moved below the candlesticks.

Moreover, the Chaikin Money Flow showed that capital inflows were at their highest point in nearly 9 months as the cryptocurrency traded close to its November 2018 levels. Considering the recent rally in the broader market, an extended bull run was favored for ZEC in the short-term.

In such a case, the next resistance level will lie at $125.6. Conversely, a selloff at this price level could see ZEC fall towards the support levels at $109.76 and $103.58.

Here’s why despite a new ATH, Ethereum isn’t out of the woods

Why Bitcoin’s rally is so crucial for investment flows into Ethereum

A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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According to data from XRPscan, in the past two days, co-founder of Ripple, Jed McCaleb moved roughly 40 million XRP from his “tacostand” wallet, which was named and activated when McCaleb was still working with Ripple. 

The former tech chief is very active when it comes to selling his XRP; a fact earlier noted by the Whale Alert team. As of December last year, McCaleb’s estimated total XRP holdings sales were $1.2 billion – at $0.20 per XRP. Over the years, his combined totals for XRP sold for USD are 2.25 billion XRP or $546 million. 

In addition, the crypto tracking business found more than 90,000 transactions last year and tracked around 8 billion XRP moved between Ripple, a settlement account, and McCaleb’s personal accounts.  It should be noted that ever since the exec departed Ripple, the firm has been transferring significant amounts of XRP to McCaleb’s wallet as part of the settlement agreement that compensates him for his role as founder. 

However, last year in December a researcher pointed out that McCaleb stopped selling his XRP on 24 December, a day after the SEC lawsuit against Ripple became public. 

— Leonidas Hadjiloizou (@LeoHadjiloizou) December 25, 2020

McCaleb resumed selling XRP in January. His wallet now shows a balance of 499,599,172.60537 XRP in total.  At press time, XRP was trading at $0.52 and registered a 6% hike in price in the past 24 hours. 

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States

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XRP/USD end the trading week at the level of 0.5518 and continue to move as part of the correction and the formation of a large “Triangle” pattern. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.4295. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.8455.

An additional signal in favor of the growth of XRP quotes in the current trading week, the week of February 15 — 19, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the support area on the price chart. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.3005 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below the level of 0.1805. Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the 0.6455 area, which will indicate a breakdown of the upper boundary of the “Triangle” model.

Cryptocurrency XRP Forecast and Analysis February 15 — 19, 2021 suggests an attempt to test the support level near the 0.4295 area. Where can we expect continued growth in quotations with a potential target at the level of 0.8455. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). The cancellation of the cryptocurrency growth option will be the breakdown of the 0.3005 area. This will indicate a continued decline with a target below 0.1805.

The key information for Bitcoin (BTC), Ethereum (ETH) and XRP:

Last Sunday, the bulls were able to overcome the resistance at $48,000 and once again tried to test the target level of $50,000. As a result, the Bitcoin price renewed its absolute maximum around the $49,715 mark but, by the end of the week, it could not reach the psychological level of $50,000.

Last weekend, the bulls were unable to continue the run above the $1,900 mark. On Saturday, the Ethereum (ETH) price rolled back to the area of ​​average prices, and all of Sunday, it tried to gain a foothold above the two-hour EMA55.

Over the weekend, the XRP price could not hold above the $0.60 level. By the beginning of this week, it fell back below the 4H EMA55.

178,892,712 XRP ($99,292,179 ) transferred from unknown wallet to another unknown wallet

Wealthy investors seem to be upping their game, amid the strong bullish trend sighted regarding moving XRP, the sixth most valuable crypto by market value, as seen by Nairametrics.

Large entities of late have increased the pace at which such huge transfers are made, as seen via Whale Alert, with about 178.9 million XRP transferred by an investor some hours ago, hinting that there might be more than meets the eye.

“178,892,712 XRP ($99,292,179 ) transferred from Unknown wallet to Unknown wallet,” said Whale Alert.

READ: How Senators reacted to CBN’s crypto ban

Tx: https://t.co/3lC5gci0Ot

— Whale Alert (@whale_alert) February 15, 2021

At the time of drafting this report, XRP traded at $0.556737 with a daily trading volume of $11 Billion. XRP is down 6.35% for the day.

READ: XRP suffers biggest daily percentage loss since December 23, 2020

Many crypto experts are of the opinion that the movement of such cryptos are coming from major players within the ripple ecosystem, on the bias that such wallets contain a significant amount of XRP.

READ: Crypto market post all-time high, breaks past $1.15 trillion

Ripple’s XRP is often tagged as the “remittance network” and currency exchange that independent servers authenticate. The currency traded is known as XRP and transfer times are super-fast.

Ripple (XRP) plays a dual role as a payment platform and a currency. The platform is an open-source platform that was created to allow quick and cheap transactions.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

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High demand for Bitcoin by a growing number of Nigerians has led the unofficial crypto market to thrive.

It’s been about two weeks since Nigeria’s Apex bank prohibited regulated financial institutions from dealing with Cryptos or face the wrath. At the fear of Nigeria’s Central Bank, financial institutions immediately began to close crypto-related firms.

In the wake of such a ban, the demand for Bitcoin by Nigerians had exponentially grown so much that it outstrips the African continent.

According to a recent study seen by Nairametrics, data retrieved from Usefultulips (a Bitcoin analytic data provider) revealed that the use of Bitcoin for peer-to-peer lending in Nigeria surged by 16% since the CBN directive took effect about 17 days ago.

Such high demand for Bitcoin by a growing number of Nigerians has led the unofficial crypto market popularly known as the black crypto market to thrive.

READ: Nigerian banks allegedly close accounts dealing with Crypto

A recent study by Nairametrics reveals Nigerians are made to cough a hefty premium on Bitcoin, as recent macro reveals Bitcoin goes for as high as about $75,000 a premium of 36% through these dark channels.

This has caused high discontent and increased the complexity in making Bitcoin transactions through the naira. This is particularly prevalent among a significant proportion of young Nigerians because payment partners that transact with the local currency are no longer willing to deal with Crypto exchanges due to the directive of the Central Bank of Nigeria, putting an indefinite pause on naira deposits to exchanges.

As a result of such an update, local-based crypto exchanges started experiencing liquidity challenges in processing local transactions, as they were virtually cut off from Nigeria’s financial ecosystem triggering a big gap between the Bitcoin price in Nigeria and that across global exchanges.

The recent CBN directive has already strengthened fears among a growing number of Nigerian users that include millennials and small business operators that use such digital assets for payments and hedge against fiat inflation.

Nigeria’s highly young population (data retrieved from the CIA factbook show more than 90% of Nigerian citizens are within the age of 0-54), coupled with its fast-rising internet adoption and smartphone penetration, had provided the synergy for many young Nigerians to stay atop with Bitcoin.

Ray Youssef, the co-founder of Paxful in an exclusive interactive session on the Nairametrics Crypto program via Clubhouse buttressed on Nigerians passion for the fast-emerging financial asset, as over the years, Nigerians have relatively shown a consistent passion for the world’s most popular crypto asset largely being attributed to the ease it brings when making payments for goods and services.

READ: CBN crypto ban and its ramifications for Nigerian banks

Recent information reaching Nairametrics, reveals leading crypto exchanges are endlessly working on solutions that will curb the high premium Nigerians pay through such channels, as some of them retool their services to include Peer to Peer trading in the case of Patricia.

Nigerian-based crypto exchange Buycoins, some days ago via Twitter, announced that its customers could buy their bitcoin through a newly designed crypto-asset that bridges the Naira thus offering the advantages of decentralized blockchain.

READ: XRP in deep crisis, drops 21%

It is now [also] backed by BUSD.

We’re excited to be a part of the @BinanceChain community.

More information can be found at https://t.co/s89VEUnKZT

— NGNT (@NGNToken) February 12, 2021

In addition, the world’s largest crypto exchange, Binance recently rolled out new services to enable compliant bitcoin trading in Nigeria. It features the introduction of a new trading pair (NGN/NGN Fiat) and Express mode.

Bottom line: Leading Crypto pundits are therefore not surprised that Africa’s biggest crypto market is not giving up on bitcoin and thus ready to pay a premium to hold on to the asset, irrespective of the Central Bank’s ban.

Such strong demand on the world’s flagship crypto asset by large entities is keeping it within striking distance of $60,000.

The odds in favor of Bitcoin breaking above $100,000 are fast gaining ground, taking to account that rich investors in recent weeks have increased their pace in moving Bitcoin.

These are triggered by the rush which include crypto traders and investors trying to have a stake in this fast-rising crypto asset.

Data obtained from Bitcoin Block Bot, a crypto analytic tracker, revealed that someone moved 14,834 BTC $853 million in block 671,619

READ: Motley Fool reveals plan to buy $5 million worth of Bitcoin

— Bitcoin Block Bot (@BtcBlockBot) February 21, 2021

Such strong demand on the world’s flagship crypto asset by large entities is keeping it within striking distance of $60,000. At the time of writing this report, Bitcoin traded at $57,048.20 with a daily trading volume of $52,720,140,286. Bitcoin is up 0.97% for the day.

As large entities accumulate BTCs, bitcoin’s circulating supply reduces, and this can weaken any bearish trend bitcoin finds itself in.

READ: Unknown whale transfers $256 million worth of Bitcoin

Based on prevailing market conditions, Bitcoin now has a market value of $1.063 trillion.

There are cheap ways to buy any amount of Ripple in United Kingdom.

The cheapest place to buy Ripple (XRP) with GBP in the UK is Binance. You can register and get yourself verified quickly, then quickly buy Ripple at best exchange rate.

If you want absolute fastness, the best way to buy XRP is Changelly, because it requires no account verification, and you can use your credit card.

Changelly doesn’t offer British Pounds, so when using a credit/debit card, your bank will convert the amount into Euros, which will be charged in your local bank rate.

However, another best way to buy Ripple coin with a credit card in pounds sterling is to use Binance Jersey. The crypto exchange is best to complete control over purchases.

Binance now have full support for UK bank accounts and also the GBP payments. You’ll able to buy and sell crypto in pounds sterling directly from your GBP wallet.

Well, let me guide you in detail on how to you should start buying Ripple (XRP) in the United Kingdom, using the best exchanges that is available in the region.

Let’s get started.

Shall we…?

These cryptocurrency exchange websites you will see below are the best and most trusted platform you to use anytime you are in the United Kingdom.

Binance is one of the best exchanges for experienced investors, who are looking for a premium platform to perform real-time trades.

It supports over 166+ cryptocurrencies, both beginners and advanced users have a myriad of tools and pairs available to them within this powerful exchange platform.

Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.

Changelly is yet another cryptocurrency exchange aggregator that accepts payments with credit or debit cards.

Founded in 2015, with Eric Benz as its CEO the company acts as an intermediary between cryptocurrency exchanges and their users.

This platform is in partnership with MyEtherWallet, Exodus, Huobi Wallet, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, and other well-known players in the crypto industry.

It supports and offers access to 100+ cryptocurrencies.

Visit Changelly

CoinSwitch is a cryptocurrency exchange aggregator that was established enable its users to have access to over 300 cryptocurrencies, and up-to 45,000 crypto trading pairs.

It integrates a good number of world-leading exchanges (including Changelly), which allows for very fast cryptocurrency arbitraging.

This helps most people to make profits by simply buying and selling on different exchanges as fast as possible (i.e. price arbitraging).

Visit CoinSwitch

To make this whole process very simple, am going to guide you with Changelly cryptocurrency exchange platform, so you will easily buy any amount of Ripple instantly.

Voila! You have successfully bought your first Bitcoin cryptocurrency, while in the United Kingdom with GBP.

Once you’ve bought Ripple (XRP), it’s good practice to transfer it into a private Ripple wallet that you have sole ownership and control over.

Atleast, you have options of transferring it to a hardware wallet (like the Ledger Nano X/S), or using a software wallet, which you can install on your desktop or mobile smartphone.

Also read this article on how to secure your crypto wallet, to avoid loosing your cryptocurrency investment due to misplacement or loss to cyber thefts.

Recently, about 178,892,712 XRP ($99,292,179 ) was moved from an unknown wallet to another unknown wallet.

According to crypto gurus, XRP is the sixth most valuable cryptocurrency in the crypto world based on its market value.

This report was made known to the public via a tweet on Twitter by Whale Alert on the 15th of February 2021.

“178,892,712 XRP ($99,292,179 ) transferred from Unknown wallet to Unknown wallet,” said Whale Alert.

Tx: https://t.co/3lC5gci0Ot

— Whale Alert (@whale_alert) February 15, 2021

At the time of writing this report, the XRP currency is been traded at $0.556737 and has a daily trading volume of $11 Billion which represents that XRP is down by 6.35% for the day.

After the event, some crypto expert has looked into the case and suspected that the movement of such an amount of XRP would be from a player around the ripple ecosystem due to the fact that such a wallet would contain such among of XRP.

However, before this time, the U.S. Securities regulators had accused Ripple and its administrator of deceiving investors in the cryptocurrency space about the status of XRP thereby selling without the approval of the U.S. Securities and Exchange Commission about $1 billion of the crypto assets,

Ripple’s XRP is known to be a remittance network and currency exchange platform that self-governs server authentication.

However, the currency traded is referred to as XRP.

Therefore, Ripple (XRP) can be said to be a remittance network (payment platform) and can also be said to be a cryptocurrency.

According to a source:- The platform is an open-source platform that was created to allow quick and cheap transactions.

A total of 178,892,712 XRP which is worth $99,292,179 was transferred from an Unknown wallet to another Unknown wallet, and this report was made know via a tweet on Twitter by Whale Alert.

On the other hand, at the time of writing this report, the XRP value has dropped by 6.35% for the day.

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A large part of the current crypto bull run has been driven by institutional demand. But for the first time, the institutions may be stepping back. According to CryptoQuant, the Coinbase Premium Index — the difference in Bitcoin’s ( BTC ) price on Coinbase Pro and Binance — has turned negative, which suggests that pro traders may be taking profits.

The institutional selling needs to be monitored closely because roughly 3% of the in circulation is held by these investors. If they start to dump their positions, that could result in an exodus by other traders, leading to a sharp pullback.

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