During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
XRP goes down below 0.34931
On Thursday, XRP dived bellow $0.34931. To be exact, by 19:06 GMT XRP ended up with 0.34931, inching down by 4,5% on the Investing.com Index. It happened to be the greatest one-day percentage dive since December 27.
Apparently, the move downwards pushed this crypto asset’s market capitalization down to about $14.76451B. It actually accounts for 11.71% of the overall crypto market capitalization. The digital coin’s market capitalization currently accounts for $79.53400B.
The digital currency XRP had fluctuated in a band $0.34931-$0.37742 for the last twenty-four hours.
For the last seven days, the crypto asset XRP has faced a sink in its market value, heading south by about 3.17%. As for the volume of XRP traded for the last twenty-four hours to time of writing, it amounted to $516.33219M which accounts for 3.41% of the overall volume of the entire crypto market. For the last week the given digital currency has fluctuated within an array $0.3463-$0.4527.
Moreover, it’s quite obvious that at its current value, this crypto asset is still down about 89.38% from its all-time maximum of $3.29 recorded on January 4.
Now let’s have a look at other crypto assets. As a rule, they’re under a powerful influence of the most popular cryptocurrency, Bitcoin.
As a matter of fact, ended up with $3,663.4 on the day on the Investing.com Index, losing 2.26%.
As for the number two digital currency, Ethereum , it was seen at $115.69 on the Investing.com Index, demonstrating a 8.88% dive.
Bitcoin's market capitalization amounted to nearly $66.11748B. The given result is quite enormous. It amounts to up to 52.43% of the entire cryptocurrency market capitalization. In addition to this, Ethereum's market capitalization was about $12.81418B. To put that another way, it amounted to 10.16% of the entire crypto market value.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.