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Ripple rises over 4% even as risk appetite wavers
Ripple rose on Thursday even as the risk appetite wavered, but the cryptocurrency still received support from demand through international payment systems.
US President Donald Trump announced this week the implementation of 25% tariffs on Canadian and Mexican goods, in addition to a 10% tariff on Chinese imports.
He then first walked back on the tariffs for automakers, then walked back on all the tariffs for a month.
Earlier US data showed unemployment claims fell 21 thousand to 221 thousand last week from 242 thousand in the previous reading.
US President Donald Trump recently announced the formation of a strategic reserve for cryptocurrencies, which would include bitcoin, ethereum, ripple, solana, and cardano, which provided a boost to the crypto market.
Ripple
Ripple surged 4.3% as of 21:30 GMT to $2.59.
Euro declines after ECB rate decision
The euro fell against most major rivals on Thursday after an expected policy decision by the European Central Bank.
MoreECB cuts interest rates to 2022 lows
The European Central Bank cut interest rates by 25 basis points to 2.65%, the lowest since December 2022, matching expectations.
MoreBitcoin rises for third straight session
Cryptocurrencies gained ground on Thursday with bitcoin heading for the third straight profit, about to scale two-week highs amid a spike in positive sentiment.
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