The head of the Federal Reserve Jerome Powell will testify on the Semiannual Monetary Policy Report on Tuesday and Wednesday
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.
The United States will publish the non-farm employment change, also known as non-farm payrolls (NFP) at 15:30 MT time on February 7.
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
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