Why XRP and Solana Led a Crypto Crash and Recovery
The crypto market has been through a volatile few days, reacting to all of the weekend's news while most markets were closed. Tariff negotiations between the U.S. and other countries seem to be at a standstill, and there are threats of higher tariffs this summer if deals aren't reached. Cryptocurrencies may not be where you expect to see a reaction to policy news like this, but it's often the first place investors see the market move. XRP (CRYPTO: XRP) has been one of the biggest movers with its value falling 11.9% from a high late last week to a low in trading early this morning. Ethereum (CRYPTO: ETH) fell 10.4% over the same time, and Solana (CRYPTO: SOL) dropped 12.8%. All three tokens have gained back some of their losses in trading during the day on Monday.Image source: Getty Images.Continue reading
The crypto market has been through a volatile few days, reacting to all of the weekend's news while most markets were closed. Tariff negotiations between the U.S. and other countries seem to be at a standstill, and there are threats of higher tariffs this summer if deals aren't reached.
Cryptocurrencies may not be where you expect to see a reaction to policy news like this, but it's often the first place investors see the market move. XRP (CRYPTO: XRP) has been one of the biggest movers with its value falling 11.9% from a high late last week to a low in trading early this morning. Ethereum (CRYPTO: ETH) fell 10.4% over the same time, and Solana (CRYPTO: SOL) dropped 12.8%. All three tokens have gained back some of their losses in trading during the day on Monday.
Image source: Getty Images.
