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.

BTC/USD graph by TradingView

Dogecoin and OKB were also trending higher. 

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MicroStrategy slid after saying it bought $150 million in bitcoin between mid-February and last week.

XRP/USD chart by TradingView.

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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Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).

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