Cryptocurrencies Price Prediction: Binance, XRP & Crypto – European Wrap 21 November
Binance moves nearly $4 billion amidst US DoJ demand to end years long investigation
Binance is currently facing one of the largest investigations that the US Department of Justice has ever conducted into a cryptocurrency firm, according to a Bloomberg report. While negotiations between the two parties continue, a Bloomberg report claims that the US Department of Justice (DoJ) seeks more than $4 billion from the exchange to end its years-long investigation.
XRP price could rally 10% higher with institutional interest in Ripple funds
XRP price sustained above the $0.60 mark, early on Tuesday. The altcoin is in an uptrend, amidst rising capital inflow from institutional investors to XRP funds. Over the past three weeks, large wallet investors have distributed their XRP token holdings, and retail traders have scooped up the altcoin, supporting a bullish thesis.
The crypto market attracts capital
Crypto market cap retreated some 0.2% in 24 hours to $1.41 trillion. Bitcoin is up 0.7%, and BNB is up 5.3%, but most altcoins are down.
According to CoinShares, investment in crypto funds rose by $176 million last week; inflows are on track for an eighth consecutive week, having accelerated over the past four weeks. Bitcoin investment increased by $155 million, Ethereum by $3 million and Solana by $14 million.
Author
FXStreet Team
FXStreet
