Surge in XRP
• XRP, the cryptocurrency issued by Ripple, is surging on rumors surrounding outcome of its long-running legal fight with the SEC. The crypto was up as much as 10%.
• Crypto Exchange Kraken and Formula One’s Williams racing team up.
• Bitcoin storms toward its strongest quarter in 2 years.
XRP, the cryptocurrency issued by Ripple, is seeing a surge in prices due to rumors surrounding its long-running legal battle with the US Securities and Exchange Commission (SEC). The crypto has seen an increase of up to 10% in recent days.
Kraken & Williams Racing Partnership
Crypto exchange Kraken recently signed a multi-year global pact with Formula One team Williams Racing. This marks the trading platform’s first major sponsorship deal even though sports tie-ups with digital-asset firms have become increasingly unpopular.
Bitcoin has been making gains over the past three months and is on track for its strongest quarter in two years. The token has outperformed both the Nasdaq 100 and gold, which are up 15% and 9%, respectively, in the same stretch. BTC/USD skyrocketed 4.0% in the last session while ETH/USD rose 1.5%. XRP/USD gained 6.3% while LTC/USD exploded 3.1%.
Today’s economic calendar includes releases such as US Gross Domestic Product Annualized at 12:30 GMT, US Gross Domestic Product Price Index at 12:30 GMT and Eurozone’s Business Climate at 09:00 GMT .The GDP Price Index gauges the change in prices of goods and services from one period to another within a country