Bitcoin is once again making waves, pushing toward fresh all-time highs. Just recently, it surged close to $108,000*, marking another milestone in an exhilarating upward trend. As Bitcoin continues to shine, various altcoins are also catching the spotlight, with *Ripple’s XRP showing remarkable performance this week.
BTC’s Momentum Continues
It wasn’t long ago that Bitcoin hovered around the $94,400* mark after facing some tough resistance. However, thanks to strong support from buyers, it swiftly transitioned past *$98,000* on Thursday and cracked the *$100,000* barrier just a day later. The momentum didn’t falter, pushing Bitcoin to break its December record of *$103,800* on Monday, and it even climbed past *$106,000** shortly thereafter.
A small pullback occurred in the later afternoon hours, but Bitcoin bounced back fiercely, particularly during the Tuesday morning Asian trading session, skyrocketing to an impressive $107,800*. Despite a slight dip, it remains well above *$107,000*, boasting a market cap soaring over *$2.1* trillion* and capturing nearly *54% market dominance* among altcoins.
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XRP’s Impressive Rise
The spotlight recently shifted dramatically to Ripple, particularly following the announcement that its stablecoin has received the green light and is set to launch today. This news has ignited a surge in XRP, propelling it from under $2.37* to an exhilarating peak of nearly *$2.60*. This remarkable spike allowed XRP to reclaim its place as the third-largest cryptocurrency by market cap, overtaking *USDT.
Not to be overlooked, other altcoins like XLM and CRO have experienced gains of *9%* and *7%, respectively. Meanwhile, Ethereum has regained the $4,000* mark with a modest increase, alongside slight upward movements in *SOL, BNB, ADA, and AVAX. On the contrary, TON and LINK have faced setbacks of around 4%* each.
The overall crypto market cap has swelled by another $90* billion, reaching an impressive total of nearly *$3.95* trillion*. The excitement generated by these developments showcases the vibrant dynamics within the cryptocurrency market, leaving many investors eagerly anticipating what comes next as they keep a close watch on their portfolios.
