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XRP Drops 22%, but $184M in Derivatives Bets Raise Hope
Summary by The Crypto Basic
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.4 Articles
4 Articles
XRP Drops 22%, but $184M in Derivatives Bets Raise Hope
While the XRP price collapsed, market data shows that traders increased their derivatives bets on Binance, the world's largest crypto exchange. XRP faced a sudden sell-off this week after two consecutive US inflation reports unsettled financial markets.Visit Website
Key points of the news: XRP bounced 5% after falling below $1.30, while Binance derivatives recorded approximately $184 million in aggressive purchases concentrated in longs. XRP's Taker Buy Volume exceeded $73 million in the peak hour in Binance, while activity was lower in Bybit and OKX. A read-out was ... Read more
Coverage Details
Total News Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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