After being bearish from more than a month, the cryptocurrency market has started to recover from the last three days with major cryptocurrencies such as bitcoin rising more than 25% in the last three days. All top 10 altcoins are green colored today with bitcoin cash rising more than 57% in the last 24 hours except for XRP which is still in a 1% loss since yesterday. Ripple is trading around $0.367 according to CoinGecko Chart. Around three hours back 20 million Ripple were transferred to Bitfinex exchange which may be for selling in order to invest in some other digital asset which is in a bullish phase. Here are the details of the transaction:
Around $7.5 million worth of Ripple (20,000,000 XRP) transferred from unknown wallet to Bitfinex:
https://bithomp.com/explorer/BE596BF80F52E38786D2092F29358927042C42EF10DE208CC42C585BB5B5A531
The following article is not financial advice. The readers are advised to do thorough research and analysis before making any investment decisions in the cryptocurrency market which is extremely volatile.
