Between Tuesday and Wednesday, there was an interesting surge in the amount of money that flowed into the crypto market. In that period, records show that at least $14 billion was pumped into the market, especially into some of the biggest coins.
Bitcoin initially had a $9,580 resistance mark but was able to cross it. After January, Bitcoin had climbed about 28% and fell as February began. It has now regained its balance and is well on its way to $9,800 at this time.
Ethereum (ETH), the world’s second-largest digital asset has also crossed $200 and is now trading at $212.27. This is a bit of an achievement as ETH had been performing below $200 since late September last year. Earlier in January, Ethereum completed its second hard fork in 30 days. The Muir Glacier upgrade has now sped up block production time by 25%.
XRP at the time had climbed about 5% and is currently still climbing. It is currently trading at $0.28 after jumping over 1.3% in the last 24 hours. Recently, Ripple CEO Brad Garlinghouse pointed out in a tweet that so far in 2020, XRP has outperformed BTC and the broader crypto market. He highlighted that XRP had gained 44% over Bitcoin’s 33%.
Ahem… IS THIS THING ON… can I get a fact check on aisle CoinDesk?
XRP has outperformed BTC and the broader crypto market in 2020. XRP is up 44% (19.1 to 27.5) vs BTC's 33% (7,100 to 9,500) so far this year.#factsmatter https://t.co/KAdFqD93t1
— Brad Garlinghouse (@bgarlinghouse) February 5, 2020
At the moment, the market’s top 12 largest coins are trading in Green.
