XRP and Bitcoin Surge as Crypto Market Hits New All-Time High
The cryptocurrency market is experiencing a remarkable week of gains, with Bitcoin (BTC) leading the charge. In the past 24 hours, BTC surged to a new all-time high of $90,000 before briefly retreating. Altcoins have also shown impressive performances, with Ripple’s XRP and Dogecoin among the biggest winners in this rally.
Bitcoin Peaks at $90,000
Bitcoin has had one of its most bullish weeks in recent history. The rally began last Tuesday when BTC was trading around $68,000 but surged upward as political shifts suggested Donald Trump could be returning to office. This momentum propelled Bitcoin beyond its March all-time high and into uncharted territory. After surpassing $80,000 over the weekend, BTC reached $86,000 on Monday and continued to climb during the early hours of the Asian trading session, finally touching the milestone of $90,000.
However, the bullish run faced resistance at this new high, as market "bears" pushed BTC back down to around $88,000. Despite the pullback, Bitcoin’s market cap remains over $1.7 trillion, and it holds a dominant 55.9% share of the entire crypto market.
DOGE Leads the Altcoin Rally, and XRP Joins In
The altcoin market has been equally vibrant, with Dogecoin (DOGE) posting phenomenal gains. DOGE has soared by over 150% in the past week, surging by 50% in the last 24 hours alone to reach $0.44—the first time in three years it has hit this level. Other altcoins are riding this wave, with notable daily gains from CRO (35%), BONK (25%), BTT (25%), BRETT (20%), and RENDER (19%).
After a slow start, Ripple’s XRP has also joined the rally, rising over 12% in the last day to trade above $0.65. The surge has woken up XRP, which had lagged behind other altcoins earlier in the week.
Total Crypto Market Cap Reaches New Heights
As the crypto market soars, the total market cap reached an all-time high of over $3.1 trillion, reflecting a booming interest and influx of capital across the cryptocurrency space. The recent rally showcases the growing momentum of digital assets as they continue to break new ground, with Bitcoin and popular altcoins leading the way.
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