Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset
Cryptocurrency exchange Kraken has become the latest platform to halt XRP trading for US residents from January 30, 2021, at 1:00 UTC due to SEC filing against Ripple Labs. For those users residing in other countries, XRP markets will continue to operate uninterrupted.
US residents with open XRP spot positions on the margin on Kraken are also required to satisfy their margin obligation by January 28, 2021, at 11:59 pm PT, or their positions will be liquidated.
While US residents won’t be able to trade XRP, these users will still be able to deposit, hold, and withdraw XRP on the exchange. Also, this will not affect Spark token airdrop.
As the list of crypto outlets suspending XRP trading for US users continues to get bigger, the digital asset continues to lose its value.
Among the top 100 crypto assets, XRP is not only the one with over 50% losses in the last 30 days but is also among a handful of cryptocurrencies that are experiencing a downtrend.
Since Bitcoin took to ranging this week after the pullback, altcoins are using this opportunity to rally and DeFi tokens have simply exploded so much that Polkadot (DOT) has replaced XRP as the fourth largest cryptocurrency by a market cap of $14.48 billion XRP 10.55% XRP / USD XRPUSD $ 0.66
$0.0710.55% Volume 3.26 b Change $0.07 Open $0.66 Circulating 46.27 b Market Cap 30.38 b 4 d 50% of Family Offices Wants to Invest In Cryptocurrencies: Goldman Sachs Report 4 d Stellar Mulls Potential Acquisition of MoneyGram, One of the Largest Money Transfer Services 4 d Dogecoin Doesn’t Get Into S&P Cryptocurrency Broad Digital Market (BDM) Index Due to Lack of Whitepaper . Polkadot has been enjoying an uptrend lately, hitting an all-time high at $18.30 in the process DOT 10.51% Polkadot / USD DOTUSD $ 14.67
$1.5410.51% Volume 1.44 b Change $1.54 Open $14.67 Circulating 978.31 m Market Cap 14.36 b 6 d Bitcoin Retesting the Lower-End of Range, OI Still Continues to Soar While GBTC Unlocks Now Behind Us 1 w Cardano Launches Latest Version Of Alonzo Testnet, Dubbed Alonzo White 1 w Energy Trading Platform Power Ledger Switches Allegiance To Solana Blockchain .
— $trong (@StrongHedge) January 15, 2021
XRP is currently trading at $0.289 with a market capitalization of $13 billion.
On data provider Messari, even Cardano ADA 9.77% Cardano / USD ADAUSD $ 1.33
$0.139.77% Volume 2.42 b Change $0.13 Open $1.33 Circulating 32.04 b Market Cap 42.47 b 1 h Bitcoin and Ether Rallies to Confirm Double-Bottom Pattern, Those Sitting on Sidelines in Stablecoins to Take Them Higher 6 d Bitcoin Retesting the Lower-End of Range, OI Still Continues to Soar While GBTC Unlocks Now Behind Us 1 w Cardano Launches Latest Version Of Alonzo Testnet, Dubbed Alonzo White has jumped above XRP at the 5th spot with Liteocin LTC 10.79% Litecoin / USD LTCUSD $ 137.90
$14.8810.79% Volume 1.82 b Change $14.88 Open $137.90 Circulating 66.75 m Market Cap 9.2 b 4 d 50% of Family Offices Wants to Invest In Cryptocurrencies: Goldman Sachs Report 1 w After GBTC and ETHE, Grayscale’s Digital Large Cap Fund (GDCL) to Have A 6-Month Locking Period 3 w Cardano (ADA) Gains 3rd Largest Weightage in Grayscale’s Rebalanced Large Cap Fund ready to take even the 6th spot from XRP.