Siam Commercial Bank goes back on its word; says it has ‘no plan on using XRP’

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Litecoin, the fifth largest cryptocurrency in the world, pumped by approximately 6% while the third largest cryptocurrency, XRP, pumped by ~4% over the last 24 hours. Bitcoin SV, the so-called “real Bitcoin,” had however collapsed by 8.26% over the same time period.

The rest of the top 10 cryptocurrencies were coping badly. Bitcoin [BTC] was recovering from a 6% dip yesterday, which explained the price movement of most other cryptocurrencies.

Source: TradingView

Litecoin, as seen in the chart above, had broken out of an ascending triangle on June 07 at 01:30 IST. The resultant breakout pushed the price of Litecoin from $103 to a maximum of $112. However, the price at press time was $111.42, after pumping by approximately 8% in less than 3 hours.

XRP’s price movement was a little different than that of Litecoin’s. It was probably caused by the FUD/rumor surrounding Ripple and Money Gram. The rumor was that Ripple had acquired Money Gram. The speculation of this may have contributed to XRP’s price pumping from $0.39408 to $0.4270, which is an 8% rise in less than 2 hours.

Source: TradingView

The price of XRP has started consolidating since then, and was moving in a sideways fashion, at press time. The price of XRP, at press time, was $0.4284 and it had a market cap of $17.7 billion.

Bitcoin SV saw some serious pumps recently, pushing the coin to become one of the top 10 cryptocurrencies on the charts. The price of BSV, at press time, was $193 and the coin had a market cap of $3.4 billion.

Source: TradingView

The price of BSV had fallen by 8.26%, as seen on CoinMarketCap. However, BSV has been collapsing since June 5. Starting from $232, it shrunk by 22% and dropped to $182. However, BSV has since started to recover.

Tezos, the 17th largest cryptocurrency, pumped by a massive 13.50% over the last 24 hours, which is the highest pump in the top 20 coins.

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