A naukri.com initiative
Financemagnates
6d
193
Image Credit: Financemagnates
Why Is Ripple’s XRP Down? Fed Policy and ETF Outflows Weigh on Crypto
- Ripple's XRP dropped nearly 10% in response to a federal reserve rate cut and Bitcoin ETF outflows.
- The rate cut and cautious outlook by Jerome Powell caused a wave of selling in the crypto markets.
- Spot Bitcoin ETFs recorded massive outflows, with over $600 million withdrawn in 24 hours.
- Despite the short-term drop, analysts remain optimistic about XRP's long-term prospects.
Read Full Article
11 Likes
For uninterrupted reading, download the app