NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Ethereum Regains #2 Spot Surpassing Ripple, Wild Volatility as Market Recovers

Rick Delafont
Rick Delafont
7 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There is something of a battle for second place in cryptocurrency markets going on right now. The number two and three spots, Ether and Ripple respectively (at the time of writing, at least) have swapped positions twice already today with both showing exceptional strength on a day that is uncharacteristically green considering trends so far in 2018.

XRP and ETH Battle it Out for Second Spot

The price of the native currency on the Ripple network, XRP, shocked many today by surging impressively to overtake Ether (ETH) for the first time since December 2017. The 24-hour low for XRP was just over 37c per coin. Fast forward 17 hours and XRP had reached a high of almost 77c per coin.

Following the dramatic increase in the price of XRP, many took to Twitter to gloat over their supposed clairvoyance for backing the controversial currency.

$XRP Where are all the XRP shit talkers now??? LMAO "XRP will never go back up" "XRP will never go to ATH" "NO one wants XRP anymore" LOL LOL LOL How quiet they have become! Bank coin or no bank coin, who cares as long as its going to put money in your pocket!! Can you say ROI pic.twitter.com/uKec2oj5Tq

— Bleeding Crypto (@Bleeding_Crypto) September 21, 2018

Meanwhile, others were more measured in their responses, stating that such a sudden pump was the dictionary definition of the kind of pure market manipulation that the SEC are worried about in relation to various Bitcoin ETF proposals. Larry Cermak, an analyst for the Diar cryptocurrency newsletter Tweeted:

XRP skyrocketing by 80%+ in one day is the reason why this market desperately needs regulation. Fundamentally nothing about XRP changed in the past 24 hours and yet, here we are. Pumping a multi billion market cap asset in the matter of hours is the definition of manipulation

— Larry Cermak (@lawmaster) September 21, 2018

Although almost all markets are in the green today, the dramatic price surge in Ripple buying seems to have prompted by announcements earlier in the week about the xRapid payment system, along with news that PNC bank will be using the Ripple network to facilitate international transfers.

However, the displaced number two cryptocurrency was quick to respond with its own price surge. Not quite as impressive as that of XRP, the price of a single Ether coin also rocketed up, as if prompted into action by the threat of losing out its privileged position behind bitcoin.

The price seemed to be following the rest of the market with a slight increase until around 19:39 GMT. It has since been on its own parabolic uptrend taking it from around $229 to just shy of $250. In terms of market cap, a billion dollars was added in just over an hour.

https://twitter.com/iamjosephyoung/status/1043218869161099264

At present there is no indication why Ether has responded to the XRP price move with its own forceful rebound. It seems unlikely that such a move was simply caused by salty ETH fans not wanting to see their favourite crypto project take third place behind a coin that many dismiss based on its links to international banking institutions. However, cryptocurrency markets are indeed full of surprises.

Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana, MATIC, Worldcoin, SUI

Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support Fails

After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a...

Rubmar Garcia 7 hours ago

山寨幣季熱度再升溫:從Zcash隱私敘事到PepeNode遊戲化挖礦百倍幣預期

每一輪山寨幣季節的來臨,總不是同時發生於所有幣種,而是從少數幾個具備特定敘事或技術事件的資產開始升溫,再由此蔓延開來。這一次的節點或許可以回溯至Zcash價格在55美元關口的突破。 這枚一度被市場遺忘...

Mark Mak 8 hours ago
Crypto

70% Decline In Corporate Crypto Treasury Buying: What’s Going On?

A recent report from Bloomberg has unveiled a striking decline in corporate investment in crypto treasuries, highlighting a significant shift...

Ronaldo Marquez 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Tipped To Peak In 2026 – Here’s Why

Semilore Faleti 40 minutes ago
Ethereum

8 Years In Hiding—Now $3 Billion In Ether Comes Alive

Christian Encila 1 hour ago
Bitcoin

Bitcoin Loses $110,000 Support But Risk Signal Says Market Is Safe – Details

Semilore Faleti 2 hours ago

Premium Sponsors

Press Releases

  • Крипто китовете напускат Shiba Inu заради този токен на цена 0,00000012 $ с цел 25 $

    Крипто китовете напускат Shiba Inu...

    26 minutes ago
  • Krypto veľryby opúšťajú Shiba Inu kvôli tomuto tokenu za cenu 0,00000012 $ s cieľom 25 $

    Krypto veľryby opúšťajú Shiba Inu kvôli tomuto tokenu...

    46 minutes ago
  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    17 hours ago
  • Shiba Inu (SHIB): Мемкойн върху Ethereum с нарастваща полезност

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    18 hours ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    19 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.