Bitcoin (BTC) soars to $108,000: Will XRP and DOGE follow suit?🔥🔥🔥
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Major cryptocurrency price dynamics
Bitcoin (BTC) price reached an all-time high today, soaring over 2% from the opening price to $108,353.
Although it has since pulled back, considering this to be the end seems hasty given its recent performance.
Other cryptocurrency performances
While BTC is up, other parts of the cryptocurrency market are in the red, with many alternative cryptocurrencies seeing double-digit declines. However, XRP and Dogecoin (DOGE) may follow BTC's lead. Since BTC's significant rise on November 4, XRP and DOGE prices have surged by 467% and 232%, respectively, becoming market leaders.
Ethereum and Solana see smaller increases
During the same period, Ethereum (ETH) and Solana (SOL) prices increased by about 70%, which is smaller compared to the gains of DOGE and XRP.
Future outlook
Whether Dogecoin and XRP will continue to catch up with Bitcoin, setting new all-time highs weekly, remains an open question. But when BTC's upward momentum pauses, they may become the preferred investment choices for market participants.
Tap the avatar live, no missed opportunities in a bull market