XRP increased by 15%, Bitcoin reached 98,000 dollars: Will there be big steps ahead?

robot
Abstract generation in progress

The cryptocurrency world is bustling, and Bitcoin holding steady at $98,000 is attracting attention. While some currencies are skyrocketing, others seem to be cooling down. What is driving this? Let's take a closer look at what is happening in the market right now. Bitcoin remains strong at $98,000 Bitcoin is king, and it's showing why. With a dominance of 58.59%, BTC is stable at $98,550. Its recent low is $97,222, and it's close to reaching $100,000, hitting a peak of $99,655. The market cap is huge—$1.95 trillion—and the daily trading volume is $76 billion.

It's fascinating that 22.85 million BTC flowed out of 12 ETFs in just one day. It's really a big issue! But data from BlackRock, which many people are waiting for, can add more twists and turns to the story. Currently, Bitcoin seems calm and ready to accelerate, but it's not the only currency causing waves. XRP is surging, while meme coins are chaotic XRP is the star of today. It has increased by 15% in 24 hours, trading at $1.566. In the past month, it has surged by 200%! With a market capitalization of $89 billion and a trading volume of $20 billion, XRP is clearly on a winning streak. In a short period of time today, XRP even replaced BNB and took the 5th position on coinmarket cap. At that time, BNB had a market capitalization of $90 billion, however, XRP led by $1 billion, soon dropping to the 6th position.

Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing opposite fluctuations. DOGE is up 9% to $0.42 and SHIB is trading at $0.00002698. Not bad, but not a breakthrough either. However, smaller coins like PEPE and BONK are struggling, dropping by up to 8%. This is a reminder that meme coins can be risky even when larger coins seem stable. What to expect? Bitcoin and Ethereum (ETH) are holding steady, but XRP's momentum could push other altcoins higher. Meanwhile, ETH also looks promising with a 7% increase this week, trading at $3,333. Overall, the market is on the rise, but institutions like BlackRock could disrupt everything when their ETF data is released. Currently, it's a mix of caution and excitement.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)