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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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XRP has slipped down CoinGecko's cryptocurrency market cap rankings. The Ripple-linked cryptocurrency has lost its position to Binance Coin (BNB). According to recent market data, BNB has reclaimed the number four spot with a market capitalization of $80.5 billion. XRP has now fallen to fifth place with a market cap of $79.8 billion. Notably, XRP is the only major cryptocurrency in the red this Saturday. Other cryptocurrencies have managed to record some minor gains. A seven-month slump XRP is currently on track to record its seventh consecutive month in the red. Since late last year, the asset has been trapped in a relentless downtrend. Every attempt at a macro recovery has been met with heavy selling pressure. The cryptocurrency is struggling to regain a footing near the $1.30 level. A seven-month losing streak is incredibly rare for a top-tier cryptocurrency, which shows just how devastating the current sell-off is. A failed breakout In mid-March, XRP bulls attempted a breakout. The sharp rally that peaked near the $1.60 level around March 16 and 17. This surge was completely unsustainable. Immediately after hitting that local top, the asset experienced a steep and steady sell-off. Over the next three weeks, XRP charted a textbook series of lower highs and lower lows. For now, sellers are firmly in control of the short-term price action despite some positive developments within the ecosystem. Institutional pressure Weekly ETF net flows show that capital is leaving XRP investment vehicles. XRP ETFs recorded a net outflow of $3.6 million. For comparison, Bitcoin managed to attract a positive $22 million in inflows. "Smart money" is currently reducing its exposure to the asset.

In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…