The cryptocurrency market has been flooded with red today. Most of the top projects are in the red, both from a daily and weekly perspective. The token belonging to the Uniswap platform is a big contrast here, which today noted new ATH prices on its chart.
XRP - another lawsuit and price drop
As it turns out, the XRP issuer was charged with another lawsuit - this time it was filed by the investor - Tyler Toomey. In the letter, the accusations are directed at Ripple Labs CEO Brad Garlinghouse. The allegations include failure to comply with Florida's securities laws by failing to register with Florida's Financial Regulatory Authority.
It should be recalled that in December 2020, a lawsuit against Ripple Labs was also filed by the US Securities and Exchange Commission (SEC).
It's worth adding that XRP experienced a strong recovery last month, climbing to levels unseen since 2018. The chart for this altcoin has worsened after accusations were made against the company behind it.
In early January this year. there was a slight rebound above $ 0.32 per coin. Currently, this cryptocurrency is trading below $ 0.3 and its current rate is around $ 0.2597
Yesterday's session on the XRP chart was closed with a slight price change of - 0.08%. They are more than 90% separate from ATH 3 years ago. In the daily range, this cryptocurrency is over 2% minus, from the 7-day perspective, losses are around 10%.
Ethereum with record "realized" capitalization
According to data from CoinMetrics, Ethereum set a new all-time record for the so-called realized capitalization. Analysts say this could signal an accumulation of ETH coins by major investors.
This measure was developed to take into account lost cryptocurrencies. The company that created it claims that the market capitalization applied the same way it was to stocks is not accurate. In the case of Realized Cap, the indicator tries to estimate the actual price paid for each coin in circulation, but does not multiply the current price by the total supply.
The new value is now over $ 70 billion! This is about a 3-fold increase since the 2020 crash.
Ether currently trades around $ 1,258 per coin. Since this year's ATH, its price has dropped by nearly 13%.
Yesterday's session on the ETH chart was closed with a slight change of + 2.52%. In the daily range, the price of this cryptocurrency is over 6% minus. From a 7-day perspective, Ether lost around 4%.
Uniswap (UNI) with the new ATH
In recent hours, the token belonging to the decentralized Uniswap platform has recorded a new price peak. ATH is currently $ 14.46 per coin. Yesterday's session on its chart was closed with a profit of 22.05%.
UNI currently trades around $ 13.99, down from its all-time high of 3.53%.
Bitcoin close to $ 30,000
The oldest cryptocurrency is currently recording declines. In the weekly range, its value decreased by over 10%. The current BTC price is around $ 30,765.
Despite the positive market indicators, there is still no sign of recovery in the Bitcoin chart. According to the CEO of the CryptoQuant platform, the miners who have been consistently making profits since the price of this cryptocurrency climbed above $ 41,000 may be responsible for the current situation.