BITCOIN, ETHEREUM, XRP SUSTAIN RECENT GAINS, GERMAN GOVERNMENT TRANSFERS $360 MILLION IN BTC
- Bitcoin sustained above $57,500 despite German government transfer of over $360 million in BTC.
- Ethereum trades above the key psychological level of $3,000 amidst Ethereum and Solana ETF optimism.
- XRP holds above $0.43, adding nearly 0.50% to its value as traders await final ruling in SEC vs. Ripple lawsuit.
Bitcoin, Ethereum and Ripple updates
- Bitcoin holds steady above the $57,000 level despite consistent pressure from German government’s BTC transfers. Data from crypto tracker Arkham shows that the government moved more than $360 million in BTC early on Tuesday, adding to the selling pressure on the king coin. Bitcoin price struggles around $58,500 as German Government transfers weigh
- Ethereum sustains above the psychologically important $3,000 level on Tuesday amidst anticipation of the approval from the Securities and Exchange Commission (SEC) of Spot ETH Exchange Traded Funds (ETFs). Issuers file amended Ethereum ETF S-1s as ETH shows recovery signs
- Ripple added 0.5% to its value and hovers around $0.43 on Tuesday. XRP traders await the end of the SEC’s lawsuit against the payment remittance firm and Ripple’s stablecoin RealUSD (RLUSD) launch, slated for end of 2024. Ripple on-chain activity picks up as XRP hovers around $0.43
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