Ripple price loses 21% in 5 hours

Ripple cryptocurrency price decreases 21% as the announcement doesn't live up to the traders' expectations
25 August 2017   3217

The Ripple cryptocurrency price had on surge this week, rising 89% from August 21-23. This surge was accompanied by a dramatic increase in trading volume (it exceeded $2.3 billion), primarily on South Korean exchanges.

It is believed, that such a surge had something to do with the rumours about Korean market showing interest in the cryptocurrency. Thus, the rumours have begun on the company’s social media. Ripple was about to announce a major partnership with a bank or corporation, most likely in Asia.

As shown, the rumours were based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

However, the Ripple price began to sink on Thursday after the announcement did not live up to investor expectations.

It goes without saying that the users were quite disappointed:

The price had gradually risen in the hours leading up to the announcement. At 14:00 UTC, the Ripple price was $0.289. Within an hour, it had dropped to $0.262, and it has continued to fall from there to $0.229, which is a 21% decrease from its pre-announcement-level.

Ripple charts on coinmarketcap.com Ripple charts on coinmarketcap.com

At the time of writing, Ripple's price is about $0.228, it has a market cap of $8.5 billion, which is about $1.9 billion less than 3rd-ranked Bitcoin Cash.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   114

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."