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Crypto update: Bitcoin and crypto price drops. XRP, Doge and market update

Meanwhile, the US markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at updates on Ripple (XRP) and Dogecoin (DOGE). Finally, we look at how the CEO of eToro sees the market.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.

Live Bitcoin price and prices top 25 crypto drop

At the time of writing, the live Bitcoin price is EUR 36,655.71 ($39,931.03). This is 3.02% lower than during our crypto update last night.

Most of the prices of the other top 25 crypto are also falling. Besides the stable coins, Dogecoin (DOGE) is the exception that confirms the rule with an increase of 2.5%. The biggest loss of the day is currently at -6.18% for Terra (LUNA). Of course, you can analyze all live crypto prices on the Tradeincrypto.com site 24 hours a day.

Ripple (XRP): CEO positive and new lawsuit

During Paris Blockchain Week, Ripple (XRP) CEO Brad Garlinghouse gave an interview to CNBC and shared his views on XRP and the lawsuit against the SEC. As you can hear and see in this interview, the CEO is pleased with the developments of the coin. He is also positive about the outcome of the still ongoing case against the SEC. In fact, he is not too shy to dish out a sneer and state that America is less quick to respond to developments in crypto than other markets. The SEC has not yet responded.

It seems that the lawsuit between the SEC and Ripple (XRP) will have consequences for former SEC Chairman Jay Clayton and former SEC Administrator Bill Hinman. Indeed, they have been sued in a so-called class action lawsuit by angry Ripple (XRP) investors. They claim that these officials have been guided by the interests of third parties and are therefore personally liable. Thousands of investors have already filed lawsuits against the SEC, but this is the first lawsuit against individual directors.

Dogecoin (DOGE) price springs up: crypto under the spell of Twitter

The news that Elon Musk made a billion-dollar bid for Twitter is keeping the crypto community quite busy. Naturally, investors in Dogecoin (DOGE) are hoping for a role for the coin if the deal goes through. In his own words, according to Elon Musk, that is not yet a certainty. Indeed, in a TED interview today, he doubted that the acquisition will work at all.

In the TED interview, he explains his plans and shares his views on crypto and the economy. You can watch the entire interview here.

By the way, Elon Musk is right when he states that a takeover is by no means certain. The royal house of Saudi Arabia already reacted negatively, they think the bid is too low. Musk reacted to this immediately.

Twitter won’t load because you didn’t give permission.

I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.

Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX

– الوليد بن طلال (@Alwaleed_Talal) April 14, 2022

There is also at least one other candidate from the crypto community who wants to take over Twitter. To everyone’s surprise, Tron (TRX) founder Justin Sun put in a bid. At $60 per share, this bid is above Musk’s offer, but the question is whether people will fall for it. After all, Justin Sun is, also in America, quite discredited. For the Dogecoin (DOGE), the optimism could come to an abrupt end if it turns out that Musk does not succeed in his takeover.

CEO eToro remains positive about crypto

Finally, we look at an interview of eToro CEO Lule Demmissie. He explains that the measures that FED is going to take could have an inhibiting effect on crypto’s price development, but that he keeps all confidence in the currency.

On the one hand, he foresees that retail investors, especially millennials, will return to the crypto market. In addition, he refers to previous crises where investment markets rebounded strongly after a crisis. Here he mentions in particular the financial crisis of 2008, after which the return on investment rose to 37% in the following year. Thus, he remains optimistic about crypto.

Whether that optimism is justified we’ll look at again for the first time in our Bitcoin lunch tomorrow, although based on the crucial BTC prices in the short term we can see that there is a challenge ahead for the BTC price.

Want to stay up to date on the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”