Update: Ripple XRP Surpasses ETH As Second Biggest In Market Cap

Investing, News | December 29, 2017 By:

UPDATE:  Ripple XRP exploded past the magic $2 mark today, surpassing ETH as the second-largest cryptocurrency by market cap. As of 3 p.m. Pacific time, XRP is at $2.14, an incredible 48 percent increase in the last 24 hours.

Rumors that XRP may soon be listed for buying and selling on Coinbase and/or strike deals with Amazon or other huge e-commerce retailers is fueling the incredible rise. Asian money is flooding in on XRP. Ripple just celebrated its fifth anniversary, and is now available on 50 exchanges, which is also fueling the astonishing bull run.

EARLIER: Bitcoin prices continued in a holding pattern today, the last business day before the New Year. Once again, bitcoin’s single coin price moved between $14,000 and $15,000 per single coin, a relative standstill given the recent volatility.

Other cryptocurrencies in the top 10 were generally up, with Bitcoin Cash leaping 10 percent to $2,700 per single coin. But the big news on the day once again was Ripple’s XRP, which continued its bull run, rising 26 percent over the last 24 hours to an all-time high of $1.85 per coin. Vast influxes of Asian money are driving the train here, fueled by rumors of pending retail action and momentum.

Bitcoin market highlights for the 24 hours ending December 29, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $15,125.00 on the Kraken exchange at 1:48 am today. Kraken saw $51,141,700 of bitcoin change hands.

The lowest price seen was $13,241.20 on Binance’s exchange at 2:06 pm yesterday. Binance’s 24 hour volume was $264,635,000.

The average price on the surveyed exchanges, as weighed by volume, was $14,373.95.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 47.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 11 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.