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đđđ #Q3 2024 Insights: Ripple Analyzes $XRP Price, Volatility, and #MarketActivity
The latest report, drawing insights from #Bloomberg , CCData, and Refinitiv Eikon, offers a comprehensive look at XRPâs market trends during a quarter marked by significant price fluctuations and a rise in Bitcoin dominance.
XRP Trading Volume and Market Activity
- Ripple reports XRPâs average daily volume (ADV) on leading exchanges between $600 million and $700 million, highlighting rising market interest despite price pressures. XRPâs ADV for 7 days stands at $812 million, with 30-day, 90-day, and 365-day figures at $511 million, $675 million, and $687 million, respectively. Though XRPâs trading volume trails behind Bitcoin & Ethereum, it exceeds that of Binance Coin ($BNB ), Cardano ($ADA ), and Polkadot (DOT), suggesting potential for further market expansion.
- A key highlight this quarter was a 27% increase in XRPâs price against Bitcoin, even as Bitcoinâs dominance climbed by 3% to a new peak.
XRP Price Volatility & Stabilization
- XRP experienced significant price volatility in early Q3, with realized volatility exceeding 110% in mid-August due to rapid price swings between $0.40 and $0.65. This attracted high trading volumes, but by the latter part of Q3, volatility eased to around 60% as XRPâs price range stabilized, marking a transition from high fluctuation to consolidation.
Exchange Volume Trends & Market Share
- According to Rippleâs findings, XRPâs spot exchange volume remained strong, with Binance, Bybit, and Upbit leading. Early Q3 daily volumes averaged $750 million, later stabilizing before surging again in late September. Binance held the largest share of XRPâs trading volume, though its market share declined by 3%, while Crypto.comâs share rose by 6%. XRP trading continues to be heavily USDT-paired, reflecting stablecoin dominance, with fiat-paired trades increasing from 10% in Q2 to 14% in Q3.
These trends illustrate XRPâs evolving market dynamics amid broader shifts in the crypto landscape.
#BinanceSquareTalks
The latest report, drawing insights from #Bloomberg , CCData, and Refinitiv Eikon, offers a comprehensive look at XRPâs market trends during a quarter marked by significant price fluctuations and a rise in Bitcoin dominance.
XRP Trading Volume and Market Activity
- Ripple reports XRPâs average daily volume (ADV) on leading exchanges between $600 million and $700 million, highlighting rising market interest despite price pressures. XRPâs ADV for 7 days stands at $812 million, with 30-day, 90-day, and 365-day figures at $511 million, $675 million, and $687 million, respectively. Though XRPâs trading volume trails behind Bitcoin & Ethereum, it exceeds that of Binance Coin ($BNB ), Cardano ($ADA ), and Polkadot (DOT), suggesting potential for further market expansion.
- A key highlight this quarter was a 27% increase in XRPâs price against Bitcoin, even as Bitcoinâs dominance climbed by 3% to a new peak.
XRP Price Volatility & Stabilization
- XRP experienced significant price volatility in early Q3, with realized volatility exceeding 110% in mid-August due to rapid price swings between $0.40 and $0.65. This attracted high trading volumes, but by the latter part of Q3, volatility eased to around 60% as XRPâs price range stabilized, marking a transition from high fluctuation to consolidation.
Exchange Volume Trends & Market Share
- According to Rippleâs findings, XRPâs spot exchange volume remained strong, with Binance, Bybit, and Upbit leading. Early Q3 daily volumes averaged $750 million, later stabilizing before surging again in late September. Binance held the largest share of XRPâs trading volume, though its market share declined by 3%, while Crypto.comâs share rose by 6%. XRP trading continues to be heavily USDT-paired, reflecting stablecoin dominance, with fiat-paired trades increasing from 10% in Q2 to 14% in Q3.
These trends illustrate XRPâs evolving market dynamics amid broader shifts in the crypto landscape.
#BinanceSquareTalks
đ Nonfarm Payrolls Data Takes a Dive! đ¨
Todayâs Nonfarm Payrolls report from Bloomberg reveals shocking news: hiring rates have hit their lowest point since 2020. The culprits? Significant strike actions at Boeing Co. and the fallout from recent hurricanes.
Whatâs in store for the Fed?
With 0% chances of a pause at the upcoming Federal Reserve meeting, market watchers are bracing for a 25 bps rate cut, now with an impressive 98.3% probability!
As the financial landscape shifts, keep a close eye on these developments and their potential impact on your investment strategies.
Stay informed, stay ahead!
#NonfarmPayrolls #MarketTrends #FedCut #Boeing #Bloomberg
$GALA
Todayâs Nonfarm Payrolls report from Bloomberg reveals shocking news: hiring rates have hit their lowest point since 2020. The culprits? Significant strike actions at Boeing Co. and the fallout from recent hurricanes.
Whatâs in store for the Fed?
With 0% chances of a pause at the upcoming Federal Reserve meeting, market watchers are bracing for a 25 bps rate cut, now with an impressive 98.3% probability!
As the financial landscape shifts, keep a close eye on these developments and their potential impact on your investment strategies.
Stay informed, stay ahead!
#NonfarmPayrolls #MarketTrends #FedCut #Boeing #Bloomberg
$GALA
đł Bloomberg reports todayâs Nonfarm Payrolls data is the worst since 2020, showing record-low hiring rates.
Whatâs behind it? Massive Boeing Co. strike action and recent hurricanes.
Chances of a PAUSE at the next #Fed meeting? 0%.
With a 98.3% probability, expect a 25 bps rate cut. đ #MarketDownturn #fed #boeing #Bloomberg
Whatâs behind it? Massive Boeing Co. strike action and recent hurricanes.
Chances of a PAUSE at the next #Fed meeting? 0%.
With a 98.3% probability, expect a 25 bps rate cut. đ #MarketDownturn #fed #boeing #Bloomberg
đ¨ Nonfarm Payrolls Data Hits Rock Bottom! đ
According to Bloomberg, todayâs Nonfarm Payrolls report reveals the worst hiring rates since 2020. Whatâs driving this decline? Major strike actions at Boeing Co. and the impact of recent hurricanes are taking a toll.
What does this mean for the Fed?
With the chances of a pause at the next Federal Reserve meeting at 0%, a 25 bps rate cut is looming, boasting a 98.3% probability!
As the market braces for potential shifts, keep an eye on how these developments could influence your investments.
#NonfarmPayrolls #MarketUpdate #FedDecision #Boeing #Bloomberg
$BTC
According to Bloomberg, todayâs Nonfarm Payrolls report reveals the worst hiring rates since 2020. Whatâs driving this decline? Major strike actions at Boeing Co. and the impact of recent hurricanes are taking a toll.
What does this mean for the Fed?
With the chances of a pause at the next Federal Reserve meeting at 0%, a 25 bps rate cut is looming, boasting a 98.3% probability!
As the market braces for potential shifts, keep an eye on how these developments could influence your investments.
#NonfarmPayrolls #MarketUpdate #FedDecision #Boeing #Bloomberg
$BTC
Brad Garlinghouse makes a statement about the XRP ETF
#RippleLabs CEO #BradGarlinghouse believes that it is only a matter of time before the company launches an exchange-traded fund for $XRP
.
In an interview with #Bloomberg Television, Garlinghouse expressed confidence that the XRP ETF will eventually be approved, which would be a major milestone for Ripple amid its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
âIt's inevitable,â Garlinghouse said, noting the growing demand for cryptocurrency-backed ETFs and the massive influx of funds into bitcoin ETFs following their approval earlier this year.
âSince bitcoin-backed funds were first approved in January, $17 billion has flowed into the fastest-growing ETF in history,â Garlinghouse said. - This clearly shows that there is demand from organizations and retailers to access this asset class.â
Earlier in October, Bitwise Asset Management Inc. became the first firm to file with the SEC for an ETF tracking XRP, currently the world's seventh-largest cryptocurrency. Shortly afterward, Canary Capital Group, a digital asset-focused investment firm founded in September, also filed for a similar product, the Canary XRP ETF.
Garlinghouse said the approval of cryptocurrency ETFs #signals a trend toward greater institutional participation in the digital asset space: âIt puts upward pressure on the prices of a lot of different cryptocurrencies, including XRP,â he said. * Not investment advice.
.
In an interview with #Bloomberg Television, Garlinghouse expressed confidence that the XRP ETF will eventually be approved, which would be a major milestone for Ripple amid its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
âIt's inevitable,â Garlinghouse said, noting the growing demand for cryptocurrency-backed ETFs and the massive influx of funds into bitcoin ETFs following their approval earlier this year.
âSince bitcoin-backed funds were first approved in January, $17 billion has flowed into the fastest-growing ETF in history,â Garlinghouse said. - This clearly shows that there is demand from organizations and retailers to access this asset class.â
Earlier in October, Bitwise Asset Management Inc. became the first firm to file with the SEC for an ETF tracking XRP, currently the world's seventh-largest cryptocurrency. Shortly afterward, Canary Capital Group, a digital asset-focused investment firm founded in September, also filed for a similar product, the Canary XRP ETF.
Garlinghouse said the approval of cryptocurrency ETFs #signals a trend toward greater institutional participation in the digital asset space: âIt puts upward pressure on the prices of a lot of different cryptocurrencies, including XRP,â he said. * Not investment advice.
đ˘Australia plans to establish a framework for licensing and regulating crypto service providers in 2023.
Source: #Bloomberg
Source: #Bloomberg
JUST IN: đŻđľ Japan to relax corporate tax rules for cryptocurrencies - Bloomberg
#Crypto #Bloomberg #Blockchain
#Crypto #Bloomberg #Blockchain
âĄUS prosecutors in the Justice Departmentâs fraud unit are looking into Silvergateâs dealings with fallen crypto giants #FTX and Alameda Research, according to people familiar with the matter.
Source: #Bloomberg
#ETH #Web3
Source: #Bloomberg
#ETH #Web3
đ Bloomberg analyst predicts it will take years to see the launch of an altcoin ETF like $SOL .
#CryptoNewss #SolanaUSTD #ETFvsBTC #Bloomberg #newsdaily
#CryptoNewss #SolanaUSTD #ETFvsBTC #Bloomberg #newsdaily
đ $BTC #Bloomberg : Flows in U.S. Bitcoin #ETF's are largely stagnant. There are no inflows or outflows of funds. Net inflows since launch are $14.7 billion, but trading volume in the group is definitely on a downtrend. Since mid-May, the group's trading volume has not exceeded $3 billion.
đđđšđ đ°, đŽđŹđŽđ°
âĄď¸ JUST IN : Bitwise has refiled its S-1 application for an #Ethereumđľ ETF several days before the July 8 deadline in a move that could bring the products to market as soon as next week, according to #Bloomberg analysts.
âĄď¸JUST IN : Bloomberg ETF analyst predicts that spot $ETH đľ ETFs will list later next week or the week of the 15th.
JUST IN : El Salvador's Bitcoin đ° holdings exceed 5,800.
Mempool data shows that El Salvador currently holds over 5800 BTC, equivalent to approximately 334 million US dollars.
đ¤ A dormant address containing 119 #BTC đ° (6,992,389 USD) has just been activated after 12.4 years (worth 599 USD in 2012)!
đľ Ethereum developers announce EIP-7732 to improve block validation and speed up the blockchain.
âĄď¸ JUST IN : Bitwise has refiled its S-1 application for an #Ethereumđľ ETF several days before the July 8 deadline in a move that could bring the products to market as soon as next week, according to #Bloomberg analysts.
âĄď¸JUST IN : Bloomberg ETF analyst predicts that spot $ETH đľ ETFs will list later next week or the week of the 15th.
JUST IN : El Salvador's Bitcoin đ° holdings exceed 5,800.
Mempool data shows that El Salvador currently holds over 5800 BTC, equivalent to approximately 334 million US dollars.
đ¤ A dormant address containing 119 #BTC đ° (6,992,389 USD) has just been activated after 12.4 years (worth 599 USD in 2012)!
đľ Ethereum developers announce EIP-7732 to improve block validation and speed up the blockchain.
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#Last minute
According to the news of #Uzmancoin ;
đŁđŁđŁThe change, which is expected to increase companies' demands for #Bitcoin , was officially published by the US Financial Accounting Standards Board (FASB).
Companies that want to hold Bitcoin or any#cryptocurrencyon their balance sheet will now be able to report these assets at the current market value in their financial statements.âď¸âď¸âď¸
Previously, value accounting had to be done at the lowest price in the reporting period.
According to #Bloomberg , the new rule will come into force in 2025, but it will also be allowed to be implemented earlier.đĽđĽđĽ
The official publication of the rule change also brought an increase in Bitcoin. The price exceeded 41 thousand 800 dollars.
Asset management company #Bernstein : "FASB's new practice will positively impact corporate preference for holding Bitcoin as a treasury asset, thereby creating new sources of demand from companies." He comments.đđđ
$BTC $BNB $ETH
According to the news of #Uzmancoin ;
đŁđŁđŁThe change, which is expected to increase companies' demands for #Bitcoin , was officially published by the US Financial Accounting Standards Board (FASB).
Companies that want to hold Bitcoin or any#cryptocurrencyon their balance sheet will now be able to report these assets at the current market value in their financial statements.âď¸âď¸âď¸
Previously, value accounting had to be done at the lowest price in the reporting period.
According to #Bloomberg , the new rule will come into force in 2025, but it will also be allowed to be implemented earlier.đĽđĽđĽ
The official publication of the rule change also brought an increase in Bitcoin. The price exceeded 41 thousand 800 dollars.
Asset management company #Bernstein : "FASB's new practice will positively impact corporate preference for holding Bitcoin as a treasury asset, thereby creating new sources of demand from companies." He comments.đđđ
$BTC $BNB $ETH
Best Guess ...
đľ Bloomberg analyst calls July 18 âbest guessâ for $ETH ETF launch amidst S-1 amendments
#ETH_ETFs_Approval_Predictions
#ETHETFsApproved
#Bloomberg
đľ Bloomberg analyst calls July 18 âbest guessâ for $ETH ETF launch amidst S-1 amendments
#ETH_ETFs_Approval_Predictions
#ETHETFsApproved
#Bloomberg
A senior #Bloomberg ETF analyst says the final deadline for the approve of #solana ETFs will be mid-March 2025.
đşđ¸đ $ETH #Bloomberg Analyst: Ethereum #ETF trading volume on the first day may exceed $1 billion (we will only know the flows a few hours after closing). It will probably be somewhere 20-25% of $BTC ETF volumes for the first day.
đŁď¸Bloomberg ETF analyst Eric Balchunas:
Today, we will see the filing of a batch of updated ETH ETF S-1. The ball is then in the SEC's court to notify issuers of final approval.
#Bloomberg #ETHETFsApproved $ETH
Today, we will see the filing of a batch of updated ETH ETF S-1. The ball is then in the SEC's court to notify issuers of final approval.
#Bloomberg #ETHETFsApproved $ETH
đ¨BREAKING News đ¨
Experts are alarmed at Trump's plan to create a national Bitcoin stockpile with seized cryptocurrency currently used to repay crime victims and support law enforcement. #Bloomberg
#MarketDownturn #usa #UsaElections #Bitcoin
$BTC $BNB $SOL
Experts are alarmed at Trump's plan to create a national Bitcoin stockpile with seized cryptocurrency currently used to repay crime victims and support law enforcement. #Bloomberg
#MarketDownturn #usa #UsaElections #Bitcoin
$BTC $BNB $SOL
1,950 funds have reported holding #BitcoinETFs , with 701 of them doing so for the first time this quarter - #Bloomberg . #BTC #LowestCPI2021
đ WhaleWire reports that the 'iShares' ticker for BlackRock's Bitcoin spot ETF vanishes from Bloomberg terminal. đ #BlackRock #ETF #iShares #Bloomberg
Bloomberg - Eric Balchunas: The Bitcoin ETF (represented by the blue color đľ) is expected to surpass the gold ETF in a matter of months. However, if it aims to outperform ETFs like SPX, it will take much longer, even though technology-related ETFs have already gained significant traction.
If the Bitcoin ETF surpasses the gold ETF, it will also mean surpassing real estate ETFs and becoming the largest commodity ETF in the world đ. #HotTrends #BTC #ETFMARKET #Bloomberg
If the Bitcoin ETF surpasses the gold ETF, it will also mean surpassing real estate ETFs and becoming the largest commodity ETF in the world đ. #HotTrends #BTC #ETFMARKET #Bloomberg
