The last few days have been very active in the cryptocurrency market. Fortunately, this time most coins tried to recover from the declines at the beginning of the week. In this recap, we'll take a look at what's going on with Ripple, Shiba Inu, and more.
There is speculation about the Ripple (XRP) price. XRP saw a huge increase in trading volume at the beginning of the week when the market was experiencing major volatility. Currently, the cryptocurrency is trading at around $0.47, with a weekly loss of 5.7%.
Ripple Labs is in a major lawsuit against the United States Securities and Exchange Commission. The regulator is seeking a fine of over $100 million from Ripple for allegedly failing to comply with its obligation to register XRP sales as a security.
Shiba Inu (SHIB) developments, Shiba Inu has also been affected by market fluctuations. Unlike XRP, it has experienced a larger decline and is trading down 8.5% for the last seven days.
In one of the biggest news of the week, WikiLeaks co-founder Julian Assange has finally returned to Australia as a free man. Interestingly, $500,000 was required to cover the cost of the jet. His wife asked for help from online communities and a secret donor sent exactly $500K worth of BTC to her address. There is speculation that it was Twitter co-founder Jack Dorsey who tweeted "Safe passage" at the same time the donation was made. 🚀🔍