XRP explodes toward $0.6, leading crypto market recovery

ethereum futures

Ripple and THETA are the best performing cryptocurrencies in the top ten list. As discussed, THETA has rallied more than 32% in the last 24 hours but seems to have hit a wall at $14. On the other hand, XRP is
up nearly 12% to exchange hands at $0.53.

Ethereum Futures Are Now Trading on CME

The Chicago exchange has now traded 77 ETH contracts after going live on Sunday. The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether (ETH), the native cryptocurrency of the Ethereum blockchain network. Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot price stood at around $1,600.

Crypto.com launches CRO token mainnet

The crypto exchange said the new open-source public blockchain was aimed at “payments, Defi and NFTs.” Cryptocurrency exchange Crypto.com has launched a fully decentralized open-source public blockchain, the Crypto.org Chain. Last month, Crypto.org burned more than 70 billion CRO — roughly $10 billion at the time — in advance of the mainnet launch. The new chain has already processed more than 7,000 transactions at the time of publication.

Cardano (ADA) Could Soon Support NFT Marketplaces, Charles Hoskinson Suggests

Cardano founder Charles Hoskinson has suggested that non-fungible token (NFT) marketplaces may soon be support on the Cardano blockchain and the project has approached several leading marketplaces about moving onto its network. Hoskinson’s words came through social media as he works on Cardano’s upcoming Alonzo hard fork.

Bitcoin Steadies Above $50K

Bitcoin price extended its decline and traded close to $50,000 against the US Dollar. BTC is now consolidating losses and it is likely to start a recovery towards $55,000. After a break below $53,000, bitcoin extended its decline. BTC broke the $52,500 and $51,200 support levels to move further into a bearish zone.

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