XRP Plunges 12% Amid Bitcoin Sell-Off and SEC Crackdown on Ripple

XRP experienced a sharp decline of over 12% on July 5, falling to $0.381, marking its lowest value in three months. This drop stems from extensive sell-offs in the Bitcoin market and the U.S. SEC’s actions against Ripple. A noteworthy detail: the daily correlation coefficient between XRP and Bitcoin on July 5 was 0.94. XRP

Source: CoinOtag