XRP and Ether rocket more than 20% – crypto movers and shakers
Posted on May 25, 2021 by Jonathan Symcox
Ripple’s XRP coin climbed 22% in 24 hours after a prolonged fall in value.
XRP recovered to $1 at the time of writing (7am) having plunged to around 80 cents yesterday.
XRP had enjoyed a record high of $1.91 in recent weeks but was caught up in a wider cryptocurrency bloodbath sparked by Tesla’s decision to stop accepting Bitcoin as payment and increased scrutiny from regulators, with China banning companies from servicing the industry.
Ethereum (ETH), which had shed a third of its value in a week by Monday morning, added 21% to rebound to almost $2,600.
Despite Bank of England Governor Andrew Bailey labelling cryptocurrencies ‘a danger to the public’ on Monday, Bitcoin gained 9% to rise above $38,000. It is still 16% down on a week ago.
Dogecoin (DOGE), the coin created as a crypto parody and based on a meme, rose 14% to 35c. It is 30% down on its position seven days ago.
Litecoin (LTC) also saw a surge of 20% and is now at $180. The altcoin – billed as a lighter and faster version of Bitcoin – had shed a huge 40% of value in a week by yesterday morning but seems to be on the way back.
The biggest gains in the last 24 hours were by Ethereum Classic (ETC), up an incredible 50% to around $76; and Qtum (QTUM), up 46% to $12. A dozen coins were up more than 30%, while only a handful of the top 100 by market cap fell.
To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.
For up-to-the-minute valuations of the top 100 coins by market cap, and the one-hour price change, see below.
To see the Crypto Rich List, the world’s richest people in cryptocurrency, scroll down to the bottom of the page.