On January 26, 2025, Ripple CEO, Brad Garlinghyus, published a short tweet, "Slow weekend, did anything exciting happened?" This post aims to fuel the already broken controversy between bitcoin fans and XRP lovers. The comments section turned into a battlefield.
It has ended with the relevant "Slow weekend" concerned to be very fast in terms of losing the most important cryptocurrencies of their value. For example, XRP lost more than 10% within 24 hours (some sources remember a 15% decrease in one day). This was the worst day since December 18, 2024, when the Federal Reserve announced the slower discounts in tax rates and sent stock markets and cryptocurrencies to the abyss. Bitcoin witnessed a decrease of approximately 7 %.
We have no evidence indicating that Garinghouse's tweet has any relationship with the collapse of the market, regardless of the number of times the Bitco Maxis cited the words of Ripple CEO that without the sale of XRP, Ripple will not be profitable or have a positive cash flow. However, the notorious quote is the latest new wave of signals in the post -accident discussion.
The reasons behind the fall
Given the collapse of January 26, we can define at least four reasons for the negative impact. One of them is the harsh definitions suggested by Donald Trump. Some experts see it as a means of inflation (the Federal Open Market Committee was among the promoters of this idea). Although This is not. What will necessarily happen is that many traders have turned into a "cautious" situation.
Another black swan on the market came from China. Deepseek, the wonderful Chinese competitor for Chatgpt, Causing Disorder in the stock markets and encrypted currencies after the American App Store scheme has been topped.
January 31, 2025 will witness the expiration of Bitcoin and ETHEREUM options at $ 9.5 billion. The market moves inappropriately, pushing traders to determine profits and get out of the market, which leads to a further decrease in prices.
Finally, one of the main reasons behind Bitcoin and other digital currencies to less than $ 800 million is 800+ million dollars in the liquidation of encrypted currencies In 24 hours.
Inside the dispute between XRP and Bitcoin fans
Although the entire market did not witness any safe spaces during the fall of all leaders It was xrp Those who lost more and the bitcoin fans were hurried to express their criticism towards XRP again. Why do they hate XRP, and do supporters XRP hate bitcoin coins as well?
XRP has been criticized by traditional decentralization since its ascension to the lead in 2017. Not everyone is remembered now, but at some point, XRP was the second largest encrypted coin after Bitcoin, so the two energies have had this competing spirit since then.
What distinguished XRP from the rest of the encrypted currency projects in mid -2010 is its focus on taking advantage of the encrypted currency to serve the banks instead of overthrowing it. This mental state helped Ripple attracted a new audience of encrypted currencies, but it kept some bitcoin supporters.
XRP has been criticized by decentralization supporters because the Ripple network uses a very few contract. The "Ripple Central" logo was a continuous attack line for Ripple. The focus was on customers from companies with the aim of facilitating transfers services for banks via cryptocurrencies from many conservative enthusiasts against banks.
Garlinghaus 2020 statement Regarding the need to sell XRP from time to time to keep Ripple alive, this is still a red mark for Bitcoin Maxis. They explain this as follows: Ripple has created the distinctive symbols of nothing, and now they sell it for money. Those who defend the riple say this is called a work.
It is interesting that Bitcoin does not have a development team and has not seen any prior sale, so it is free from the allegations of pulling the rug. However, the difference is the one who has the largest amount of offer. In the case of XRP, it is Ripple. In the case of Bitcoin, it is a different company that did not create Bitcoin but nevertheless got a group of coins. What Blackrock and Microstrategy do by collecting large amounts of bitcoin can have a negative impact on the market. Associate founder of Bitmex, Arthur Hayes Express His fears associated with huge acquisitions on bitcoin by companies such as Black Rock, as the sale of bitcoin for whales will reduce bitcoin liquidity and mining operations, which creates space for digital currencies for central banks.
Some XRP fans were attacking bitcoin users in response, considering XRP as a benefit currency as Bitcoin is just an old and slow currency that is only valid for trading or speculation when the green tide begins.
Recently, bitcoin users have been angry at XRP for other reasons. Since the idea of strategic bitcoin reserves has become a prominent part of the government and society's agenda, the Ripple team has started contacting the Trump administration, negotiating the conversion of some XRP currencies into a multi -currency backup basket now.
the January dinner A number of Ripple executives with Trump XRP have helped reach new horizons. Rumors about the inclusion of XRP in the national cryptocurrency basket reserves began to activate more. Suddenly, Bitcoin's leading clients discovered that Bitcoin is not the only beloved currency by the United States government and began to sound the alarm, calling on officials to stay away from cryptocurrencies and focus on Bitcoin instead.
However, it is not clear what angles will take the encrypted currency trip for the new administration. Will it be exclusive to bitcoin or multi -symbol? You will learn soon.
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