The crypto world is in full swing, and Bitcoin’s hold at $98,000 is drawing attention. While some coins are soaring, others seem to be cooling off. What’s driving this? Let’s take a closer look at what’s happening in the market right now.
Bitcoin Remains Firm 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 was $97,222, and it's close to $100,000, peaking at $99,655. Its market cap is huge—$1.95 trillion—and its daily trading volume is $76 billion.
Interestingly, 22.85 million BTC flowed out of 12 ETFs in just one day. What a big deal! But data from BlackRock, which many have been waiting for, could add more twists to the story. For now, Bitcoin seems calm and ready to accelerate, but it is not the only coin making waves.
XRP is soaring, meme coins are mixed
XRP is the star of the day. It is up 15% in 24 hours, trading at $1,566. Over the past month, it has skyrocketed 200%! With a market cap of $89 billion and a trading volume of $20 billion, it is clear that XRP is on a winning streak. For a short while today, XRP even replaced BNB and took the 5th place on coinmarket cap. At that time, BNB had a market cap of $90 billion, however, XRP took a $1 billion lead, soon dropping to the 6th place.
Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are having mixed results. DOGE is up 9% to $0.42 and SHIB is trading at $0.00002698. Not bad, but not groundbreaking either. However, smaller coins like PEPE and BONK are struggling, down as much as 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 rally could push other altcoins higher. ETH, by the way, is also looking good, up 7% on the week, trading at $3,333. Overall, the market is bullish, but institutions like BlackRock could shake things up when their ETF data is released. Right now, it’s a mix of caution and excitement.
