Ripple’s expanding ODL network and strong institutional support lift XRP 11% as Bitcoin reclaims $106,000, boosting market sentiment.
The global cryptocurrency market has commenced the new week marked by speculation among trading participants, regulation within the crypto sphere, and an expectation of renewed bullish sentiment. Ethereum’s growth in derivatives activity at Binance is contributing to higher volatility.
Japan is considering even stricter infrastructure rules following the $3 billion DMM Bitcoin hack, the Bank of England has proposed a £20,000 cap on stablecoin holdings, and XRP led the major altcoins following a 7% rally as Bitcoin once again traded above $106,000.
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