Bitcoin was able to react well to the recent price drop, and has jumped to nearly $20,000 in 24 hours.
Most alts are also green and XRP outperforms the larger-cap ones again.
Bitcoin Eyes $20K
The asset took a rare calm weekend in which BTC spent $19,000 and then went on the offensive Tuesday when it soared to $20,000 for almost two weeks.
This price rise was temporary as the cryptocurrency was quickly rejected at this coveted line. It fell below $19,000 in just hours and plummeted to $18,500.
It quickly recovered some value and reacted positively to the decline. It soon traded above $19,000, and even attempted to take down $20,000 again, but it was stopped at $19 800.
It is still a mere 100 dollars away and its market capitalization has settled at $375 million. After reaching 40% yesterday, its dominance has fallen slightly to 39.6%.
BTCUSD. Source: TradingView
XRP wins the show (Again)
Altcoins gained some ground yesterday and are currently slightly in the green.
Ethereum is now close to $1,350, despite being still way below its original price at the Merge.
Binance Coin, Cardano and Solana, Dogecoins, Dogecoins, Polkadots, Shiba Inus, Tron and Avalanche are all slightly in the same green as these percentages.
Polygon traded close to $0.8 and has seen a 5% jump in its price. Ripple is the star of the show after its latest victory in the legal battle against the US Securities and Exchange Commission. The native token XPR is almost $0.5 and has risen by nearly double digits.
LEO, XLM and QNT are the top gainers among the mid-cap alts. The overall crypto market cap is now close to $950billion and has grown by a few billion per day.
Cryptocurrency Market Overview. Source: Quantify Crypto
CryptoPotato’s first post, Ripple Explodes 11% in SEC-Lawsuit News and Bitcoin Eyes $20K (MarketWatch), appeared first on CryptoPotato.
Marla Brooks – Financial Analysis
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