The crypto world is bustling, and Bitcoin holding strong at $98,000 is eye-catching. While some coins are soaring, others seem to be cooling off. What’s driving all this? Let’s take a closer look at what’s happening in the market right now.
Bitcoin holds at $98K
Bitcoin is the king, and it is proving the reasons. BTC stabilizes at $98,550 with a dominance of 58.59%. Its recent low was $97,222, almost reaching $100,000, with a high of $99,655. It has a huge market cap of $1.95 trillion and a daily trading volume of $76 billion.
Interestingly, within just one day, 22.85 million BTC flowed out of 12 ETFs. This is a big deal! But the BlackRock data that many are waiting for could add more twists to the story. Currently, Bitcoin seems calm and ready to charge forward, but it is not the only one making waves.
XRP skyrockets, meme coins have mixed feelings
XRP is the star of the day. It has surged 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, XRP is clearly on a winning streak. In a short time today, XRP even replaced BNB, ranking 5th in market cap on CoinMarket. At that time, BNB had a market cap of $90 billion, but XRP led by $1 billion before quickly falling back to 6th place.
Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing ups and downs. DOGE is up 9% to $0.42, while SHIB trades at $0.00002698. Not bad, but not groundbreaking either. However, smaller tokens like PEPE and BONK are struggling, with declines of up to 8%. This reminds us that even if major coins seem stable, meme coins can still carry risks.
Exciting content
Bitcoin and Ethereum (ETH) remain stable, but XRP's momentum may drive other altcoins higher. By the way, ETH also looks good, up 7% weekly, trading at $3,333. The market overall is bullish, but once their ETF data is released, institutional players like BlackRock might change the game. For now, it’s a mix of caution and excitement.