Crypto Market Update: XRP Boosts Lead Over Ethereum to $4 Billion, As ETH and BTC Drop Over 11%
XRP is holding its own remarkably well amid today’s broader market freefall.
With other cryptocurrencies such as Bitcoin and Ethereum plunging more than 11% at time of publishing, XRP is relatively steady, down about 3%. The shift has increased XRP’s market cap lead over Ethereum to just over $4 billion, according to CoinMarketCap.
Bitcoin has now dropped below the $5,000 mark, at $4,988. Ethereum is hovering around $153.
The overall market cap of all cryptocurrencies has dipped 22.4% in the last seven days, from $212.6 billion to $164.9 billion.
The strength of XRP follows a week of wall-to-wall news on the digital asset.