Ripple (XRP) exploded 10% daily, Bitcoin (BTC) recovered $58,000!
On Friday night, the price of Bitcoin fell below the $58,000 mark, and has remained stable since then.
Altcoins also turned red collectively, with XRP, ADA, DOT, BCH and NEAR being particularly eye-catching.
Bitcoin regained $58,000
Last Friday, Bitcoin fell from a high of $58,500 to below $54,000, hitting a new low in several months. Fortunately, the bulls came to the rescue over the weekend and pulled Bitcoin back to $58,500.
At the beginning of the new week, the price of Bitcoin was like a roller coaster, falling by about $3,000 at any time. However, the bullish friends did not give up and pushed up the price of Bitcoin several times, with the highest exceeding $59,000. In particular, the release of the US CPI data on Thursday gave Bitcoin a shot in the arm.
Unfortunately, the good times did not last long, and Bitcoin failed to hold on again, falling below $57,000 yesterday. But at night, the plot reversed, and the price of Bitcoin soared to more than $58,000.
Now the market value of Bitcoin is approaching $1.15 trillion, but its position as the leader in the alternative investment industry has been shaken a bit, and its share has dropped to 50.6%.
XRP becomes the star of the day
Today, most of the altcoins are green and rising. Ethereum has risen by more than 2% and is now above $3,100. Binance Coin is even more powerful, rising by 3%, all exceeding $535. Solana, Dogecoin, Tron and Avalanche have also risen a lot.
But the biggest gainer is XRP, the son of Ripple. It has risen by 11% today, and the price has exceeded $0.5, becoming the biggest winner today.
There are also medium-sized currencies such as XLM, ICP and MKR, which have also benefited from it and have risen a lot.
The total market value of the entire cryptocurrency market increased by $50 billion overnight, and now it adds up to more than $2.26 trillion.
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