The cryptocurrency world is buzzing and Bitcoin’s $98,000 hold is in the spotlight. While some coins are rising, others seem to be cooling down. Why does this happen? Let’s take a closer look at what’s currently happening in the market.
Bitcoin remains firm at $98,000.
Bitcoin is king and we show you why. With a 58.59% share, BTC is stable at $98,550. The recent low was $97,222 and it reached nearly $100,000 before reaching a high of $99,655. Its market capitalization is a whopping $1.95 trillion, with daily trading volume reaching $76 billion.
Interestingly, 22.85 million BTC was withdrawn from 12 ETFs in just one day. This is a really big deal! But much-awaited data from BlackRock could add a further twist to the story. For now, Bitcoin appears calm and ready to move forward, but it’s not the only thing making waves.
XRP is surging and Meme coins are in the mix.
XRP is the star of the day. It was trading at $1.566, up 15% in 24 hours. It has skyrocketed 200% in the past month! With a market capitalization of $89 billion and a trading volume of $20 billion, it is clear that XRP is on a winning streak. In a short period of time today, XRP replaced BNB and took the 5th place in coin market cap. At the time, BNB’s market capitalization was $90 billion, but XRP was ahead by $1 billion and soon fell to 6th place.
Meanwhile, meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) are performing mixed. DOGE is trading at $0.42, up 9%, while SHIB is trading at $0.00002698. It’s not bad, but it’s not groundbreaking either. However, small coins such as PEPE and BONK are struggling, falling by as much as 8%. Meme coins are a reminder that even when large coins appear stable, they can be risky.
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What should you expect?
Bitcoin and Ethereum (ETH) are holding steady, but XRP’s momentum could push other altcoins higher. However, ETH also looks good, rising 7% weekly and trading at $3,333. Markets are generally bullish, but institutional players like BlackRock could shake things up once ETF data comes in. For now, there is a mixture of caution and excitement.