
$275 Million Added to RLUSD as XRP Ledger Network Activity Rises
$275 Million Added to RLUSD as XRP Ledger Network Activity Surges

Bitcoin's price peaked at over $78,000 but faced resistance and dropped to around $76,000. Meanwhile, HYPE and ZEC have gained significant attention in the market.
Bitcoin’s price recovery that started a couple of days ago pushed the asset to just over $78,000 before it was stopped and driven south by around $500.
Minor gains are evident from BNB, SOL, and DOGE, but, as mentioned in the title, two larger-cap alts have stolen the show.
Bitcoin was rejected at $82,000 on a few occasions last week, with the last such example taking place on Thursday. At the time, the cryptocurrency had gained over $3,000 in hours after the CLARITY Act passed the US Senate Banking Committee. However, it couldn’t keep climbing and quickly lost the $80,000 psychological level.
It dived further by Friday evening to under $79,000 before the bears drove it a step lower to beneath $78,000 on Saturday. After a relatively calm Sunday, the largest digital asset fell again on Monday and Tuesday. This time, it dumped to $76,000, which became its lowest price tag in over three weeks.
After it had lost over $6,000 in several days, the bulls finally intervened and prevented another setback. BTC started a gradual recovery that drove it to over $77,000 yesterday and to just north of $78,000 earlier this morning. However, it couldn’t keep climbing and now sits below that level.
Its market capitalization is down to under $1.560 trillion, while its dominance over the alts has been reduced slightly to 58.2% on CG.
BTCUSD May 21. Source: TradingView
Ethereum continues with its underwhelming performance, being slightly in the red daily, but it still stands above $2,100. In contrast, BNB, SOL, DOGE, BCH, and XMR are with 1-2% gains. HYPE has the most from the larger-cap alts. It’s up by 19% daily to $58, which brings it inches away from a new all-time high.
Bitcoin faced resistance at the $82,000 mark and was unable to maintain its momentum, leading to a drop below $78,000.
Bitcoin's price rose to over $78,000, then fell to $76,000, marking its lowest point in over three weeks.
HYPE and ZEC have gained significant attention and performance in the market, alongside minor gains from BNB, SOL, and DOGE.

$275 Million Added to RLUSD as XRP Ledger Network Activity Surges

Bank of America is shifting its crypto strategy, reducing Ethereum and increasing Bitcoin investments.

Investors pull billions from Bitcoin and Ether ETFs, favoring HYPE funds.

Arkham reveals that Zcash transactions can be tracked, challenging its privacy claims.

XRP is attempting to regain support at $1.4, with key levels at $1.2 and $1. Will buyers return to push the price higher?

Bitcoin's price stabilizes at $77K after Trump's Iran deal comments.
See every story in Crypto — including breaking news and analysis.
ZEC has added over 13% of value and now trades well above $660. DASH, MNT, ONDO, and TAO follow suit, while SUI and NEAR are next in terms of daily gains.
The total crypto market cap has increased by over $30 billion in a day and is close to $2.680 trillion on CG.
Cryptocurrency Market Overview May 21. Source: QuantifyCrypto