CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,019.00
  • ethereum
    ETH$1,641.50
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Market Watch: Ripple Soars 8%, Bitcoin Dropped to Weekly Lows

    Market Watch: Ripple Soars 8%, Bitcoin Dropped to Weekly Lows

    Author: Jordan Lyanchev

    Last Updated Sep 18, 2022 @ 08:02

    XRP and ATOM are among the very few larger-cap alts with significant gains in the past 24 hours. ETH continues sliding post-Merge.

    Bitcoin dipped further below the coveted $20,000 mark to chart another weekly low of just over $19,000.

    Ethereum also continues to struggle after the Merge implementation two days ago and has slumped below $1,450. Ripple, in contrast, is up by almost 8% daily.

    Bitcoin’s New Weekly Low

    The past several days have not been kind to the primary cryptocurrency as the trend changed on September 13. Back then, the asset was riding high and neared $23,000 after gaining over $3,000 in days.

    However, BTC reversed its trajectory rather violently, and the US CPI numbers only intensified its pain. Just hours after they went out, bitcoin found itself struggling to remain above $20,000.

    Although it sustained that level at first, it almost felt inevitable that it will break below it sooner rather than later. This happened first on September 14, and after failing to reclaim that line immediately, BTC got stuck below it.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!

    The past 24 hours brought more pain as the asset slumped to $19,300 – its lowest price position since September 9. Despite recovering a few hundred dollars now, BTC is still below $20,000, and its market cap sits tight beneath $400 billion.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    XRP Steals the Show

    The alternative coins also suffered since the US CPI numbers were announced, but there was a lot of (false) hope that the completion of the Ethereum Merge could bring some alleviation to the market.

    The event finally took place on Thursday, and ETH remained calm at first, at around $1,600. Hours later, though, the second-largest crypto plummeted below $1,500 and kept nosediving to $1,400 earlier today. In fact, ETH is among the few larger-cap alts in the red on a daily scale now as well.

    In contrast, BNB, ADA, DOT, DOGE, and TRX are slightly in the green. Ripple’s native token has outperformed all other top 10 alts with a massive 7.5% surge. Consequently, XRP has tapped $0.35.

    ATOM and LINK have also gained a lot of value daily – 9% and 5%, respectively. They have helped the crypto market cap to add around $20 billion in a day, but the metric is still a long way away from the $1 trillion line.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$23,019.00
  • ethereum
    ETH$1,641.50
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top