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XRP Comes 7% Away From New ATH, BTC Price Stopped at $120K: Market Watch
The crypto market has been on a rollercoaster ride over the past few days, with significant price movements in both Bitcoin and many altcoins. After breaking through the $110,000 resistance earlier this week, Bitcoin’s price recovery was halted at $120,000, resulting in a 2% drop to its current value of around $116,000.
On the other hand, Ripple (XRP) has been making significant strides, with its price surging by 7% and bringing it just shy of its all-time high from 2018. The token currently trades at over $3.15, a significant increase that highlights the potential for further growth in this asset.
Ethereum (ETH), which has been on a tear recently, continues to defy expectations with a stunning 9% gain in the past 24 hours. This surge brings its value up to nearly $3,450, marking a five-month high and providing an opportunity for investors to re-enter the market at an attractive price.
Interestingly, many other altcoins have also seen substantial gains over the past day, including Dogecoin, Solana, Shiba Inu, PEPE, and FLOKI. The combined crypto market cap has grown by a massive $70 billion in just 24 hours, bringing it to a new high of nearly $3.9 trillion.
The current market landscape paints a picture of Bitcoin’s price being capped at $120,000, with many other assets benefiting from the increased demand and speculation.
Source: cryptopotato.com
