He intrigued the XRP community with his tweet, thus generating multiple comments.
In the aforementioned post, he wrote: “It’s times like this when the market is crashing and everyone is panicking that I wish I had listened to what my mother told me as a child.” When asked by many commentators what it was that Schwartz’s mother told him, the Ripple top executive responded: “I don’t know! I didn’t listen.”
Overall, Bitcoin began the gradual decline as early as Monday, July 29. Between that date and Monday this week, BTC crashed by 28.70%, kissing the $69,840 price level goodbye.
Today, Bitcoin printed a large red candle on an hourly chart, which pushed it by more than 2% down, into the $54,750 zone.
Bitcoin has begun to recover against the backdrop of the Japanese stock market rebounding after the recent crash that pushed down not only crypto markets but traditional ones in the rest of the world as well. Major U.S. indexes, such as the S&P 500 and the Nasdaq, saw massive declines, Bitcoin followed suit. The crypto markets’ crash was worsened by massive liquidations as traders were hit with fear and tried to avoid further losses.
However, now that the leading Japanese index Nikkei 225 has printed a stark rise, markets in the rest of the world also began to see a revival.
Bitcoin is changing hands at $55,170, the second largest cryptocurrency Ethereum is trading at $2,470 after an 11% recovery.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
