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Cryptocurrency News Articles
XRP Overtakes Tether to Become the Third-Biggest Cryptocurrency by Market Capitalization
Jan 02, 2025 at 10:34 pm
Cryptocurrency markets surged on the first official trading day of 2025, with the top three coins by market capitalization rising by 4% to 11% ahead of U.S. markets opening on Thursday.
XRP overtook Tether (CRYPTO: USDT) to become the third-largest cryptocurrency by market capitalization. XRP was trading up 11% at $0.39, which put its market cap at $138 billion.
CoinDesk reported that XRP's price surge coincided with an increase in trading volume on South Korean exchanges.
UpBit, South Korea's largest cryptocurrency exchange, saw $1.3 billion in XRP trades on Wednesday, which was more than double the volume of the next-highest coin, Bitcoin (CRYPTO: BTC).
This aligns with a CoinDesk analysis from earlier in the week that highlighted unusually high XRP trading volumes from South Korean exchanges, which have historically served as a precursor to upward price volatility in the coin.
Bitcoin was up 4% at $31,235, while Ether (CRYPTO: ETH) was trading up 6% at $2,323.
CoinDesk reported that Bitcoin's uptick occurred despite the U.S. dollar strengthening since Donald Trump's election victory.
The DXY Index, which measures the dollar's value against major trading partners, increased by over 3%, mirroring a pattern seen in the run-up to Trump's first term in 2016.
This dollar strength could potentially impact Bitcoin's rally, as Andre Dragosch, Bitwise's head of research in Europe, told CoinDesk that “macro is a headwind right now.”
Industry analysts are making bold predictions for 2025, with Galaxy Research targeting a $185,000 price for Bitcoin and $5,500 for Ethereum by year-end.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Securitize Stock Soars on StoneX Target Hike and Innovative Platform Launch
- Oct 13, 2026 at 07:55 am
- Securitize's new tokenized stock platform, Securitize Stocks, has propelled its shares and led StoneX to significantly raise its price target, signaling a new era for digital assets in traditional markets.
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- Bitcoin, CPI Week, and Pepeto: Navigating Market Volatility for Potential Gains
- Oct 13, 2026 at 04:05 am
- As CPI week approaches, the crypto market holds its breath. Bitcoin hovers near key resistance levels, while the innovative Pepeto presale offers a different path to potential returns, attracting early adopters seeking significant growth.
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- Kaspa Founder, Kaspa Community, Growing Criticism: The Silent Scientist vs. The Roaring Crowd
- Oct 13, 2026 at 04:05 am
- Amidst rising criticism, Kaspa founder Yonatan Sompolinsky's silence is viewed by supporters as a strategic strength, drawing more attention to the project and its robust technical foundations.
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- Uniswap's Unichain Embraces OP Enterprise for a Supercharged Future in Interoperability
- Oct 13, 2026 at 04:05 am
- Uniswap's Unichain is making a strategic move to OP Enterprise, aiming for native interoperability within the Optimism Superchain, with key migration dates set for October 2026. This upgrade signals a future of seamless cross-chain asset flows and enhanced developer opportunities.
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- Hardware Wallets & Crypto Security: Navigating the Shifting Sands of Digital Custody in NYC
- Oct 13, 2026 at 03:59 am
- Recent hardware wallet compromises, particularly the Ledger incident, have ignited a crucial debate in the crypto world: are self-custody devices truly safer than exchange-traded funds (ETFs)? This news release delves into the evolving landscape of crypto security, supply chain vulnerabilities, and the ongoing quest for robust digital asset protection, all with a nod to the savvy New Yorker.
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- DeepSeek Invests Big in Robot Brains with Ex-Tencent Scientist's Startup
- Oct 13, 2026 at 03:55 am
- DeepSeek is leading a seed round for Winverse AI, a robotics startup founded by an ex-Tencent scientist, signaling a major push into real-world AI applications and a competitive move in the robotics space.
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- Tether Freezes $10M in USDT Tied to CryptoBilis Ledger Theft: A Deep Dive into Stablecoin Security
- Oct 13, 2026 at 12:05 am
- Tether has frozen $10 million in USDT connected to the CryptoBilis Ledger wallet theft, highlighting the ongoing debate about centralized stablecoin controls versus decentralized crypto principles.
