• Home
  • altcoins
  • A 13% daily surge is seen in Ripple (XRP) towards a 3-month peak as $66K is touched by Bitcoin (BTC) (Market Watch) 🚀
A 13% daily surge is seen in Ripple (XRP) towards a 3-month peak as $66K is touched by Bitcoin (BTC) (Market Watch) 🚀

A 13% daily surge is seen in Ripple (XRP) towards a 3-month peak as $66K is touched by Bitcoin (BTC) (Market Watch) 🚀

Bitcoin Surges to $66,000 as Altcoins Shine

Amid positive inflows towards spot Bitcoin ETFs, the leading cryptocurrency soared to $66,000 today for the first time in a month. Additionally, altcoins like XRP are also experiencing significant gains, with XRP leading the pack with a 13% surge in daily trading.

Bitcoin’s Resilient Recovery

Bitcoin faced turbulence earlier this month, dropping to a three-month low of under $54,000 on July 5. However, the cryptocurrency has since bounced back, recovering over $10,000 in value. The recent price action includes:

  • A quick rebound to $58,000 after the initial drop
  • Consolidation around $58,000 for several days
  • A spike above $60,000 following an eventful weekend
  • A climb to $63,000 at the start of the week
  • A surge to $66,000, marking a significant milestone

XRP Leads Altcoin Rally

XRP has emerged as the top performer, with a 13% surge propelling it to over $0.6, a multi-month high. Other notable gainers among major altcoins include:

  • FET reaching $1.5 with a substantial surge
  • SOL (6% increase)
  • DOGE (5% increase)
  • AVAX (8% increase)
  • DOT (5% increase)
  • APT (10% increase)
  • XLM (8% increase)
  • ATOM (8% increase)

Crypto Market Overview

The collective market capitalization of all cryptocurrencies has risen by over $80 billion overnight, surpassing $2.5 trillion. This surge in market value highlights the overall positive sentiment in the crypto space.

Hot Take: A Bullish Outlook for Crypto

With Bitcoin reclaiming the $66,000 mark and altcoins like XRP showing remarkable strength, the cryptocurrency market is experiencing a bullish trend. The surge in market capitalization and notable price gains across various digital assets indicate a positive outlook for the crypto market.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

A 13% daily surge is seen in Ripple (XRP) towards a 3-month peak as $66K is touched by Bitcoin (BTC) (Market Watch) 🚀