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- Bitcoin and various altcoins, including XRP, remain volatile.
- Bitcoin falls by 10%
- Despite the market turmoil, NuggetRush posts strong performance
Bitcoin recently fell by 10%, influenced by news of the U.S. SEC delaying the decision on the spot Bitcoin ETF. This downturn also impacted altcoins like Ethereum (ETH), Solana (SOL), and XRP.
Bitcoin falls
Bitcoin, related stocks, and altcoins have taken a hit due to uncertainties surrounding the approval of a spot Bitcoin ETF.
The recent decline in Bitcoin prices led to over $500 million in liquidation across derivative exchanges.
Even so, analysts say a spot Bitcoin ETF will see prices recover sharply beyond $50k.
XRP crashed on spot Bitcoin ETF rumors
XRP dropped to $0.50 due to negative speculation about the SEC rejecting a spot Bitcoin ETF.
However, XRP technical analysis suggests that the coin may recover above $0.60 or even $0.70.
NuggetRush presale performance
Despite the crypto market crash, NuggetRush is resilient.
The play-to-earn (P2E) platform lets users earn from its immersive mining game.
NuggetRush has attracted attention because of its in-game NFT characters and rare NFT that can boost earning potential. NFT holders can also stake and receive 20% dividend rewards.
NUGX is currently available for $0.015 in the ongoing presale. Over $1.6 million has been raised so far.
NuggetRush can be considered by investors because of its gaming features and user enthusiasm.
Final thoughts
Despite concerns that the Bitcoin ETF may never come to fruition, many investors remain optimistic about the potential for positive developments.
While Bitcoin and XRP recently fell, market experts predict that this could soon change due to upcoming catalyst events, such as Bitcoin’s halving event in April, which may draw more capital.
As investors anticipate this impact event, investors can also monitor NUGX in the ongoing presale.
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Source: https://crypto.news/crypto-in-focus-xrp-slides-after-bitcoin-fell/