- Over the course of the past few weeks, we’ve seen the cryptocurrency space lose 0.54% of its value.
- According to OKEx’s recent report, the leading cryptocurrency “brought back its connectedness”.
- They highlight at the end of last month, there was a shift in the direction of the XRP token.
Over the course of the past few weeks, we’ve seen the cryptocurrency space - specifically Bitcoin - lose 0.54% of its value. A recent dip saw the leading cryptocurrency sink the rest of the space as it is now priced at $6,928 at the time of writing. This came following a 2.39% loss over the past 24 hours.
But according to OKEx’s Research’s recent report, the leading cryptocurrency “brought back its connectedness” to the rest of the market.
The research report states:
“BTC brought back its connectedness to the overall market, slightly higher than ETH, which kept the top seat for more than three months. This means not the only market cap, but also its directional movements in overall crypto are ALL on BTC.”
Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Later in the research report, the platform goes on to talk about Ripple’s XRP. They highlight that at the end of last month, there was a shift in the direction of the token as they say:
“In the last week of November, there was a change. XRP changes its direction of integration to the overall market. Even though become slightly negative, with the trend of the last two weeks, it’s notable.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!