Altcoin News Official TheBitTimes.com

Ripple’s native cryptocurrency, XRP, has surged nearly 38% in a month, generating stellar profits for investors who took an entry position in July. However, its bullish run came to a screeching halt as the global stock markets tanked early this week. Since then, XRP has been trading sideways but managed to spike close to 5% this week. Also Read: Shiba Inu: How Long Should I Wait For It To Reach $0.01? The leading altcoin is trading at $0.60 on Friday, and the bulls are gearing up for it to catapult to the $1 mark. In this article, we will highlight whether Ripple’s XRP can breach the $1 milestone by the end of the month. Ripple: Will XRP Reach the $1 Target This Month? For XRP to hit $1, the altcoin needs to skyrocket 66% in the next three weeks. If this scenario plays out this month, an investment of $1,000 could turn into $1,660. Also Read: BRICS: JP Morgan CEO Says U.S. Recession Is Coming So, will Ripple’s native token rise 66% and reach $1 in August? Well, XRP tur...

Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1. Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East. Bitcoin price crashed 10% to trade to near $62k on Thursday as August began on a painful footing for crypto currencies and stock s. On August 1, the global cryptocurrency market cap fell to $2.3 trillion amid an overall 5.7% dump. BTC fell to lows of $62,300 across major crypto exchanges. The declines also hit Ethereum, which traded to lows of $3k and Solana that retreated sharply to touch $160. XRP, Dogecoin and Pepe also experienced sharp declines. Why did Bitcoin, crypto prices fall today? Losses across the crypto market came as the stock market nosedived, with the Dow Jones Industrial Average shedding more than 600 points and the S&P 500 falling 1.5%. According to CNBC, the bloodbath across stock s follows fresh investor jitters around possibl...