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Bitcoin Falls While XRP Gains Amidst Positive Developments in Ripple Lawsuit

Bitcoin experienced a drop in Tuesday morning trading in Asia, following Monday's gains due to profit taking. Most of the top 10 non-stablecoin cryptocurrencies, including Ether, also experienced losses, except for XRP which rose due to speculation that it is underpriced.

The rise in stock futures in the U.S. after an agreement to raise the government's debt ceiling over the weekend may lead to inflation and interest rate hikes becoming a focus for investors.

The total market cap of cryptocurrencies dropped 1.13% in the past 24 hours to US$1.16 trillion, while the 24-hour market volume dipped 5.54% to US$29.64 billion.

Bitcoin Bitcoin $91,908.65
-3.07%
Bitcoin XRP
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