Latest news for Yankuang Energy Gr (OTC:YZCAY) Stock

Yankuang Energy Group Co Ltd, is an integrated thermal and coking coal-mining company, with operations in mainland China and Australia. The company also engages in power/heat generation and rail transportation and produces coal chemicals including methanol. Coal accounted for more than 90% of the group's gross profit in 2019. The firm is the second-largest coal miner in China by production and is listed on the exchanges in Hong Kong, Shanghai, and New York.

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YANKUANG ENERGY GP S/ADR by YANKUANG ENERGY GROUP CO LTD.

Yankuang Energy Group Co Ltd

Payments-focused cryptocurrency XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) outshone heavyweights to become the market's best performer on Tuesday.&nbsp;
What Happened: The sixth-largest coin by market cap hit a 4-month high of $0.65, following a jump of more than 8% in the last 24 hours. With the latest surge, XRP is up 38% over the month.
The asset's trading volume more than doubled to $2.68 billion, making it the third-most traded speculative cryptocurrency in the 24-hour period.
The spike comes as blue-chip cryptocurrencies, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), stagnated. The global market cap also slipped by 0.43% in the last 24 hours
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40028787/crypto-focused-fairshake-becomes-biggest-super-pac-with-over-200m-in-donations-spends-90-o">Crypto-Focused Fairshake Becomes Biggest Super PAC With Over $200M In Donations, Spends 90% Of The Funds Against Democrats</a>
Why It Matters: XRP's rise comes amid expectations of a sustained rally.&nbsp;
Prominent cryptocurrency analyst Ali Martinez noted XRP's six-year-long consolidation in a symmetrical triangle, prompting him to issue a bullish prognosis.&nbsp;
"A bullish breakout could occur if XRP surpasses $0.90," Martinez forecasted.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> has been consolidating within a symmetrical triangle for 6 years! A bullish breakout could occur if <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> surpasses $0.90. <a href="https://t.co/YzW3jDuvF9">pic.twitter.com/YzW3jDuvF9</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1818339028808167777?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
XRP is closely tied to the blockchain company Ripple Labs. The firm has been locked in a<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38381073/ripple-vs-sec-heats-up-company-refuses-2b-fine-proposes-10m"> tense legal battle with the SEC</a> over XRP&#8217;s status as a security
Though the company secured a major victory a year ago, the price of XRP has lagged behind the broader market,&nbsp;
XRP has grown only 3% year to date, compared to Bitcoin&#8217;s 56% gains and Ethereum&#8217;s 44% increases during the same period.
Price Action: At the time of writing, XRP is exchanging hands at $0.6496, up 8.3% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40057380/peter-schiff-hits-out-at-michael-saylor-slams-trend-of-having-bitcoin-on-balance-sheets-co">Peter Schiff Hits Out At Michael Saylor, Slams Trend Of Having Bitcoin On Balance Sheets: &#8216;Companies Shouldn&#8217;t Flat Out Gamble With Shareholder&#8217;s Funds&#8217;</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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XRP Outperforms Bitcoin, Ethereum To Rise As Top Gainer Today, Analyst Predicts 'Bullish Breakout' Even As The Coin Lags Broader Market In 2024

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WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Industrial Production (MoM) Preliminary For June -3.6% Vs. -4.2% Est.; 3.6% Prior

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