Bitcoin, Ethereum, Ripple’s XRP, Litecoin And Chainlink Suddenly Bounce Back

Bitcoin, ethereum, Ripple’s XRP, litecoin and chainlink—five of the biggest cryptocurrencies by value—have bounced back from a sell-off this week.

The bitcoin price climbed to over $18,000 per bitcoin after crashing to around $16,000 on Thursday as ethereum, Ripple’s XRP, litecoin and chainlink recorded even wilder swings.

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The upswing has been led by XRP, which added over 10% over the last 24 hours, with bitcoin, ethereum, litecoin and chainlink climbing around 5%.

The combined bitcoin and cryptocurrency market value has swung by around $100 billion this week after bitcoin brushed its 2017 all-time high of almost $20,000.

The sell-off, which saw bitcoin lose 10% of its value in a

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Ripple’s XRP surges 70% as Bitcoin craze sends investors flocking to smaller cryptocurrencies



Thomas Trutschel/Photothek via Getty Images


© Thomas Trutschel/Photothek via Getty Images
Thomas Trutschel/Photothek via Getty Images

  • The price of Ripple’s XRP gained as much as 70% in hugely volatile trade on Tuesday, extending the broader cryptocurrency rally led by Bitcoin.
  • As institutional investors allocate massive amounts to Bitcoin as a hedge against inflation, other market participants are looking to alternative cryptocurrencies — or altcoins. 
  • Ripple designed XRP to perform speedy, less costly, and more scalable alternative transactions.
  • The token’s latest rally is also being driven by a central bank push to digitalize currencies.
  • Visit Business Insider’s homepage for more stories.

Ripple’s XRP surged as much as 70% on Tuesday as the third-biggest cryptocurrency extended a rally that has been kickstarted by mass interest in Bitcoin. 

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Ripple’s price has risen about four-fold since the start of the pandemic, making gains alongside Bitcoin — which rose 4% to a near all-time high of $19,241 on

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Why Ethereum, Ripple’s XRP, Litecoin And Chainlink Are Suddenly Soaring

Ethereum, Ripple’s XRP, litecoin and chainlink are the world’s biggest cryptocurrencies after bitcoin and they’ve suddenly soared this week.

Ethereum, XRP, litecoin and chainlink, with a combined market value of around $100 billion, have each added between 20% and 50% this week—outpacing even bitcoin’s rally.

While ethereum, XRP, litecoin and chainlink have been boosted by bitcoin’s growing reputation as digital gold through 2020, other cryptocurrency trends have also pushed them up.

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This week, the ethereum price passed $500 per ether for the first time since June 2018. While ethereum remains far below its all-time high of around $1,500 set in January 2018, the ethereum price

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