The cryptocurrency market has witnessed significant developments in recent days, with the price of Bitcoin dropping by nearly 36% from its highest level of $108,780, recently reaching levels below $80,000. However, the price showed some recovery in the past hours, temporarily rising above $84,000 before trimming some of its gains.
At the same time, the Ripple (XRP) coin saw a 13% increase, with historical bullish signals indicating the possibility of this recovery continuing.
On another note, Ripple announced that it has obtained a license from the Dubai Financial Services Authority to provide cryptocurrency payment services in the UAE, strengthening its presence in the region.
Additionally, reports indicate that the family of U.S. President Donald Trump is in talks to acquire a stake in the American company Binance.US, in a move aimed at bolstering their investments in the cryptocurrency market.
These developments indicate high dynamism in the cryptocurrency market, with ongoing challenges and opportunities for investors and participants in this field.
