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$100 billion wiped in crypto market amid profit taking

XRP, the seventh most valuable crypto asset by market value, is currently enjoying high pressure amid recent pullbacks seen in the price of the flagship crypto asset.
At the time of writing, XRP was trading at $0.70847 up 20.25% for the day. It was the biggest one-day percentage gain since about 9 weeks ago.
The move upwards pushed the crypto market value to about $32 billion or 1.67% of the total crypto market value. At its highest, XRP’s market value was pegged at $31.5 billion.
XRP had traded in a range of $0.61963 to $0.70849 in the previous twenty-four hours.
For the week, the crypto asset has seen an exponential gain of 26.69%. The volume of XRP traded for the day at the time of writing stood around $7. 4 billion or 4.92% of the total volume of all crypto assets. XRP traded in a range of $0.5309 to $0.7085 for the week. ....

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Ethereum (ETH) Hashrate Doubled in 2020, Glassnode Analysts Say

Ethereum (ETH) Hashrate Doubled in 2020, Glassnode Analysts Say
Cover image via stock.adobe.com
New all-time high of Ethereum (ETH) hashrate
Rafael Shultze-Kraft, chief techonolgy officer at Glassnode, has shared statistics regarding the Ethereum (ETH) hashrate upsurge in 2020. According to Shultze-Kraft s latest tweet, this metric witnessed an almost 100 percent spike.
In only a year it spiked from roughly 150 Th/s to 300 Th/s. On Dec. 28, it printed a new all-time high over 300.7 Th/s. In the same period, the Ether price rocketed 5.6x from $129 to $730. It also added 44 percent againist Bitcoin. At its peak, the ETH/BTC price even touched the breathtaking level of 0.04 on Sept. 2. ....

Rafael Shultze Kraft , Ethereum Classic ,

Glassnode CTO Expects Bitcoin to Rally More Than Ten Times

Glassnode CTO Expects Bitcoin to Rally More Than Ten Times
Dec 11 2020 · 10:50 UTC by Steve Muchoki · 3 min read
Photo: Depositphotos
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Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true.
Through a series of tweets, Glassnode CTO Rafael Shultze-Kraft highlighted through historical metrics what to expect in the Bitcoin market in the near future. Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true. ....

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