Bitcoin (BTC) Soars Towards $102K, Ripple (XRP) Targets $2.5 (Weekend Watch)
The price of bitcoin has firmly established itself above the highly sought-after $100,000 threshold, and it even surged beyond $102,000 this morning.
With very slight gains, the majority of cryptocurrencies are currently in the red as well. The two largest daily gainers are XRP and BNB.Is Bitcoin Targeting a New ATH?
The leading cryptocurrency had a very rough start to the workweek, dropping as much as $94,400 on a few separate instances. But after striking that support line a second time, it was able to recover and surged to $98,000 on Wednesday.
In the days that followed, the gains persisted, and on Thursday, Bitcoin returned to six-digit territory. Bitcoin has mostly been able to stay above that level, with the exception of a few brief dips below it.
In addition, it reached a nine-day high earlier this morning, soaring to almost $102,500. Although it has since lost some ground and is currently below $102,000, it is still up 1.5% for the day.
Its market capitalisation is now significantly more than $2 trillion as a result. After reaching a weekly high of 53%, its dominance over the alts has somewhat retreated, now standing at 52.5%.XRP and BNB Are Increasing
Today, the majority of larger-cap alts are up slightly. ETH has recovered $3,900 following a modest 1% rise. Similar gains have been made by SOL, DOGE, ADA, AVAX, and SHIB.
Binance Coin is trading above $725 after rising 3%. With a 6% increase, XRP has overtaken the larger capitalisation in the spotlight. It even hit $2.5 earlier today, although it has since significantly retraced. TRX, LINK, and XLM are the other noteworthy winners.
After a 1% increase over the last day, the total market capitalisation of all cryptocurrency assets is still above $3.8 trillion.
By including relevant keywords and linking to related articles, the rewritten content aims to provide comprehensive information while enhancing search engine optimization for CryptoTelegraphs.
0 Comments