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balance Stuns XRP Bulls ‘Bitcoin Is Digital Gold’: Michael Saylor As BTC Keeps Charging Towards $80,000 Ripple CEO Breaks Silence on Company’s Historic Move: Details
An eerie calm has descended upon the cryptocurrency market as Ethereum (ETH) price continues to plummet, touching a new yearly low of $1,411. The altcoin is now precariously close to breaching the crucial $1,400 support level for the first time since March 2023.
The data suggests that ETH has underperformed meme coin Dogecoin (DOGE) and Cardano (ADA), with many market observers attributing this decline to a lack of clear direction from the project’s developers. The ongoing uncertainty surrounding Ethereum’s upcoming upgrade, known as the “Merkle Tree” update, is said to be weighing heavily on investor sentiment.
Meanwhile, Bitcoin’s (BTC) price continues its relentless march towards $80,000, with the flagship cryptocurrency now poised to reach an all-time high of $79,500. Notably, this development has sparked a chorus of “Bitcoin is digital gold” proclamations from none other than Michael Saylor, CEO of MicroStrategy.
However, Ripple CEO Brad Garlinghouse has finally broken his silence on the company’s historic move, revealing that they have partnered with a leading global bank to launch a revolutionary new cross-border payment solution. The development has sent shockwaves throughout the crypto community, with some predicting a significant price jump for XRP in the near future.
Despite this news, Ethereum’s dismal performance is unlikely to go unnoticed, and it remains to be seen how investors will react as the cryptocurrency continues its downward spiral.
Source: https://u.today/ethbtc-somehow-keeps-plunging-even-lower
