Cryptocurrencies Price Prediction: Crypto, XRP & Bitcoin – European Wrap 18 July
|Crypto companies spend millions on sponsoring sports clubs – Is the investment worth it?
You might have heard of million-dollar deals between cryptocurrency firms and sports clubs: they rename arenas, run ads during the Super Bowl, and place logos all over sportswear and stadium sidelines. In the last few years, there has been a sharp increase in the number of such partnerships, as follows from the European Sponsorship Association and Nielsen Sports 2022 report. But what is the profit for both sides of the bargain?
XRP update: SEC Chair Gary Gensler resurfaces as Judge Torres refers Ripple case under Sarah Netburn
XRP price continues with a bearish bias, pulling toward the negative side of an otherwise neutral technical formation. The move is unorthodox, considering a recent development that has inspired a new wave of optimism among Ripple community members. In a related development Chair of the US Securities and Exchange Commission (SEC) has resurfaced publicly for the first time since Judge Torres' ruling, saying he is disappointed about the court's decision.
Bitcoin risks falling out of range
Crypto market capitalisation fell 0.8% overnight to $1.20 trillion. Bitcoin loses 0.9%, Ethereum - 1.7%, while top altcoins performance varies from -5.8% (Solana) to -0.3% (BNB).
In contrast to the positive performance of stock indices, which updated multi-month highs, the first cryptocurrency rolled back below 30k on Monday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.