- Among the reasons cited for Ripple's scorching run (at its high yesterday, up 15-fold in a month) was the rumor that Coinbase (Private:COINB) as soon as next week was going to add the coin to its small list of tradable assets (joining Bitcoin, Ether, Litecoin, and Bitcoin Cash).
- In a blog post yesterday, Coinbase said no decision has been made to add any additional assets. The statement may have been responsible for the quick decline in Ripple from about $3.30 to $2.50 (it's currently at $2.78).
- It also may have helped return buying focus to Bitcoin - previously mired in the $13K-$15K range, the coin broke out to above $16K earlier this morning (currently at $15.9K). Money is also moving into Ether, which earlier broke through $1K for the first time ever (currently at $989).
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTCQB:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, LFIN
- Now read: Bitcoin Banned By Bank Of America - Why It Will Rise Despite Naysayers
Original article