Ripple's XRP gains as bitcoin, ether tumble at start of the week
Quick Take
- Most cryptocurrencies were down over the last 24 hours as markets opened on Monday.
- Ripple’s XRP stood out with prices up by more than 6%.
Crypto prices trended lower after the weekend, but Ripple's XRP bucked the trend and increased more than 6% over the past day.
Bitcoin was trading at around $27,950 as of 9:45 am EDT, down about 1.1% in the last 24 hours.
Ethereum was down slightly by 1.7% and priced at $1,764.
Dogecoin and OKB were also trending higher.
MicroStrategy slid after saying it bought $150 million in bitcoin between mid-February and last week.
Other crypto companies were also mostly trading down, with Galaxy Digital declining 1.3% and Coinbase lower by 3.2%. Block was rose 2.9%.
In traditional markets, the Nasdaq 100 and the S&P 500 were both trending slightly higher, rising 0.5% and 0.8%, respectively.
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