As an analyst with over two decades of experience in the financial markets, I must say that watching Bitcoin‘s relentless march toward new heights is nothing short of exhilarating. Having witnessed several market cycles, I can confidently state that this bull run is one for the books.
The value of Bitcoin has firmly surpassed the significant threshold of $100,000 and briefly climbed over $102,000 early this morning.
Today, many alternative coins (altcoins) have seen a decline, but minor increases. Among them, XRP and BNB are the top performers, registering significant daily gains.
BTC Eyes New ATH?
At the beginning of the work week, the leading cryptocurrency experienced a difficult start, dipping down to approximately $94,400 on multiple occasions. Nevertheless, it recovered after hitting that support level for the second time and surged to reach $98,000 by Wednesday.
In the subsequent days, Bitcoin climbed back into six-digits again on Thursday, and except for momentary dips beneath this mark, it has predominantly stayed above it since then.
Earlier today, it surged past $102,500, reaching its highest point in nine days. Since then, it has dropped slightly and currently hovers around $102,000. However, it’s still experiencing a 1.5% increase compared to the previous day.
As a result, its market value soared significantly past the $2 trillion mark. The dominance it holds over alternative cryptocurrencies has experienced a slight dip, moving down from a weekly peak of 53% to currently stand at 52.5%.
XRP, BNB on the Rise
As a crypto investor, I’m seeing modest growth across the larger altcoins today. Specifically, Ethereum has regained its position above $3,900 following a minor 1% surge. Similarly, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), and Shiba Inu (SHIB) are all experiencing comparable growth in their values.
1) Binance Coin is experiencing a 3% increase and is currently trading at around $725. On the other hand, XRP has outperformed larger cryptocurrencies with a surge of 6%. Earlier today, it touched $2.5 but has since slightly retreated. Other notable gainers include LINK, XLM, and TRX.
The total value of all cryptocurrencies currently stands at over $3.8 trillion, having risen by 1% within the last day.
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2024-12-14 12:00