Following the US Debt Ceiling, XRP increases while Bitcoin and Ether decline.


[{"selector":"#anim-2debe2d0-1d94-438d-816a-0c146672ca25","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tuesday's Asian trade saw losses for Bitcoin and other popular cryptocurrencies, with Bitcoin plunging as investors took profits following Monday's gains.

[{"selector":"#anim-6bb7cc75-1479-4092-b02b-722aa4a5febf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] However, XRP defied the trend and increased amid claims that it is cheap in light of successful outcomes in Ripple Labs' legal case in the United States.

[{"selector":"#anim-2a75742e-e6f9-4116-8ec9-818617f254db","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] President Biden and House Speaker McCarthy reached an agreement to lift the government's debt ceiling, which resulted in an increase in stock futures in the United States.

[{"selector":"#anim-4943a9d9-88cf-455f-858f-ae52efa6eebb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Investors were encouraged by this accord, but it also sparked worries about inflation and probable interest rate increases.

[{"selector":"#anim-dc2598b7-1559-49e8-9a4e-b367c851bf64","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Despite the decline, Bitcoin nevertheless increased by 2.95% for the week, peaking on Monday AM in Asia at US$28,300.

[{"selector":"#anim-c6a30339-f7e6-471e-abee-0be6da792890","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Additionally, XRP saw gains over the last week and the past 24 hours due to information revealed in the infamous lawsuit against the company.

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