Crypto Markets Face Downturn While Ripple Expands Services
Crypto Markets Face Downturn While Ripple Expands Services
The broader cryptocurrency market, including Bitcoin and major altcoins like Ethereum, XRP, BNB, Solana, Dogecoin, and Cardano, experienced a downturn in early November, hitting new lows mirroring October's negative performance. In contrast to this bearish market sentiment, Ripple announced significant positive developments, launching new crypto spot prime brokerage services and expanding its OTC offerings. This strategic move follows a recent acquisition and coincides with Ripple's Swell conference, signaling growth in its institutional services.
Bitcoin and altcoin’s early November performance mirrors October, where the market ignored historicals and fell to new lows. Will bulls show any interest in buying the range lows?
As Ripple’s Swell conference kicked off in New York this week, the company announced an expansion of OTC services following its October acquisition of a prime broker.