Bitcoin24h $117,238.01-0.17%

Ethereum24h $2,925.23-1.47%

XRP24h $2.71-2.74%

BNB24h $684.15-1.31%

Solana24h $158.81-2.65%

Dogecoin24h $0.1943-5.19%

TRON24h $0.3005+0.35%

Cardano24h $0.6973-4.48%

Hyperliquid24h $45.26-1.45%

Stellar24h $0.3853+3.77%

South Korea recovers from martial law and XRP, BTC flash crashes

Bitcoin and XRP fell 33% and 56% respectively after South Korea’s President Yoon Suk Yeol declared martial law for the first time since 1979.

CHART: XRP market cap briefly exceeds BlackRock at $158.5B

XRP has just outperformed the world’s largest asset manager by market cap, as it enjoys an ATH and a significant price pump.

If XRP can’t hold onto its gains, it could provide even more disappointment to South Koreans still stinging from LUNA’s 2022 collapse.

With one exception, the price of every top 10 crypto asset has held or gained ground since the start of the year. XRP is the sole loser.

FedNow, a 24/7 payments platform that outcompetes most blockchains, has nonetheless failed to impact the value of most crypto assets.