On the fateful day of January 26, 2025, the esteemed CEO of Ripple, Brad Garlinghouse, in a moment of what can only be described as sheer audacity, posted a tweet that read, “slow weekend, anything exciting happened?” Ah, the irony! This seemingly innocuous inquiry was, in fact, a calculated provocation, a veritable match thrown into the powder keg of the already tumultuous debate between the fervent adherents of Bitcoin and the zealous supporters of XRP. The comment section, dear reader, transformed into a veritable battlefield, a cacophony of voices clashing like swords in the night. ⚔️
Slow weekend, anything exciting happen?
— Brad Garlinghouse (@bgarlinghouse) January 26, 2025
But lo! The “slow weekend” was anything but. In a whirlwind of chaos, the top cryptocurrencies plummeted in value, as if the very heavens had conspired against them. XRP, that once-mighty contender, suffered a grievous wound, losing over 10% of its worth in a mere 24 hours—some sources even whisper of a 15% drop! It was a day of reckoning, reminiscent of the dark times following the Federal Reserve’s announcement of slower tax rate cuts on December 18, 2024, which had sent both stock and crypto markets spiraling into the abyss. Bitcoin, too, felt the sting, with a nearly 7% decline. Oh, the humanity! 😱
Now, one might ponder whether Garlinghouse’s tweet bore any responsibility for this market catastrophe. Alas, we possess no concrete evidence to support such a claim, despite the incessant murmurs from Bitcoin maximalists who cite the Ripple CEO’s words as if they were scripture: without the sale of XRP, Ripple would be but a ghost, haunting the corridors of profitability. Yet, this infamous utterance has ignited a new ripple of discourse in the post-crash discussions, much to the delight of the onlookers.
The reasons behind the downfall
As we dissect the calamity of January 26, we can identify at least four harbingers of doom that contributed to this dismal fate. First, the ominous tariffs proposed by none other than Donald Trump, which some experts predict could usher in a new era of inflation. The Federal Open Market Committee, in its infinite wisdom, has been among the proponents of this theory. Traders, in their infinite caution, have retreated into their shells, adopting a “cautious” mode, as if they were hedgehogs in a world of predators.
over $800 million in crypto liquidations within a mere 24 hours. A veritable bloodbath!
Inside the XRP vs Bitcoin fans feud
In this grand theater of despair, while the entire market found itself devoid of safe havens, it was XRP that bore the brunt of the onslaught. Bitcoin enthusiasts, like vultures circling a carcass, were quick to unleash their scorn upon XRP once more. But why this animosity? Do XRP supporters harbor a similar disdain for Bitcoin?
XRP has long been under siege from the purists of decentralization since its meteoric rise in 2017. Few remember that, at one time, XRP was the second-largest cryptocurrency, a fact that has fueled the rivalry between these two factions.
What set XRP apart from its contemporaries in the mid-2010s was its audacious ambition to serve the banks rather than overthrow them. This pragmatic approach attracted a new audience to the world of cryptocurrency, yet it repelled the Bitcoin purists, who viewed such collaboration with disdain.
Critics have long decried XRP for its perceived centralization, pointing to the limited number of nodes in the Ripple network. “Ripple is centralized!” they cry, as if it were a battle cry. The focus on corporate clients and the aim to facilitate remittance
Read More
- ‘This Is Not A Show Where Necessarily The Best Dancer Wins.’ Cheryl Burke Admits She Would Have Preferred Season 33 Winner, And Never Have Truer Words Been Spoken
- Angus MacInnes, ‘Star Wars’ Actor, Dies at 77
- Deva: Shahid Kapoor starrer’s director Rosshan Andrrews reveals idea behind his character; ‘he has a ‘don’t care’ attitude
- XRP price slips as RLUSD market cap hits $53m, liquidations rise
- ‘Scream 7’ Officially Adds Courteney Cox as Gale Weathers
- Bitcoin Mentions on X Grow by 65% Reaching 140M in 2024
- Zendaya for Louis Vuitton x Murakami Campaign Surfaces Online
- Binance to Delist WRX Token, Causing 40% Crash in 1 Hour
- ‘Mad: Max: Fury Road’ Will Land on Netflix at the End of December
- Marvel Rivals Best PC Settings
2025-01-27 22:35