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Ripple (XRP) crashed to its lowest level in weeks at $1.30, losing more than 3% over the last 24 hours amid bearish conditions in the global cryptocurrency market, closely tracking a broader market sell-off.

Bitcoin (BTC) topped $68k as the crypto market reacted positively after JP Morgan signalled interest in prediction markets. BTC trading volume remained tight, down 15% to $36 billion over 24 hours, according to data from crypto exchanges.

Ripple (XRP) climbed to $1.34 after hitting $1.30 on Tuesday as Ripple announced a collaboration with Convera to deliver stablecoin-enabled cross-border payments and treasury solutions for businesses.

Ethereum (ETH) price surged by about 4% over 24 hours to $2,073 as the foundation executed major stake sales, boosting trading volume amid capital rotation into the dominant altcoin.