Crypto Market News: XRP Whale Movement And Monero Price Drop; Bitcoin Reddit Traffic Rises

The cryptosphere has been covered by a bearish trend for a long time now, but this didn’t stop all kinds of developments and important achievements from happening.

Besides these, there’s good news and bad news. Three unexpected things have just happened, and we’ll address each and every one of them.

XRP whale movement

XRP just saw a whale movement, making many people believe that the founders of the crypto are getting ready for something big.

Over the past few days, there has been a lot of movement of cryptos from one wallet to another, which means massive movement around founders and whale pools.

Usually, this happens with Ethereum and other ERC tokens, but this time the star is XRP.

Last evening was marked by a significant event in the history of XRP. 2 transactions under 10 minutes moved 6.7 billion XRP tokens amounting close to USD 2.1 billion, according to Twitter Bot @XRPLMonitor.

First, it was 2.1 bn XRP and the second was even more significant as the move was around 4.6 billion XRP.

Bitcoin sub-Reddit nears 1 million subscribers

The Bitcoin subreddit is the most active forum for discussing Bitcoin-related topics. Now, a moderator revealed that traffic has picked up after dropping every month since back in December 2017.

“BashCo” just revealed that traffic has finally broken its downward trend. BashCo wrote on Twitter: “Visitor traffic to r/Bitcoin has been dropping every month since December 2017… UNTIL NOW. Bull market forming?”

BashCo interpreted this to be a potentially bullish sign as this would mean people are once again searching for information about Bitcoin.

Monero is trading in the red again

It was recently reported that in a bearish market in which the most important cryptos have been having quite a tough time lately, Monero’s price went up by 9.96%.

3 5 - Crypto Market News: XRP Whale Movement And Monero Price Drop; Bitcoin Reddit Traffic Rises

Today, unfortunately, Monero is trading in the red, and it’s priced at $101.86, dropping by 3.82% at the time of writing.

This is sad news considering that Monero was one of the few coins which continued to go up in a bearish market with interest from investors continually increasing.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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