news 
Bitcoin and XRP Keep Plunging, Erasing Recent Gains
The crypto market is experiencing a sharp decline, with Bitcoin (BTC) and Ripple’s XRP plummeting in value. The recent gains have been erased, leaving many traders questioning the sustainability of the rally.
According to data from analytics platform Santiment, traders are reaching their “breaking points” due to extreme volatility. This has led to widespread frustration and anger across social media platforms.
XRP, which had briefly surged above $2.80, is now trading at around $2.21 on Binance, wiping out all its recent gains. The cryptocurrency’s price action has been highly unpredictable, leaving many wondering if the current downturn marks the end of the rally.
Meanwhile, Bitcoin (BTC) has also taken a hit, with its price falling by over 10% in the past few hours. The cryptocurrency is currently trading below $37,000, putting pressure on bulls to stem the tide and prevent further losses.
The recent sell-off has been attributed to various factors, including macroeconomic concerns, regulatory uncertainty, and institutional investors reeling from the recent market downturn.
Source: https://u.today/bitcoin-and-xrp-keep-plunging-erasing-recent-gains
