NewsXRP Jumps 15%, Bitcoin at $98K: Big Moves Ahead?
Vijay Gir23 Nov 20242 min read
The crypto world is buzzing, and Bitcoin’s holding strong at $98,000 is turning heads. While some coins are shooting up, others seem to be cooling off. What’s driving this? Let’s take a closer look at what’s happening in the market right now.
Bitcoin Stays Firm at $98K
Bitcoin is the king, and it’s showing why. With a dominance of 58.59%, BTC is steady at $98,550. Its recent low was $97,222, and it almost hit $100,000, peaking at $99,655. The market cap is massive—$1.95 trillion—and the daily trading volume stands at $76 billion.
Interestingly, 22.85 million BTC flowed out of 12 ETFs in just one day. That’s a big deal! But data from BlackRock, which many are waiting for, could add more twists to the story. For now, Bitcoin seems calm and ready to charge ahead, but it’s not the only one making waves.
XRP Is Soaring, Meme Coins Are Mixed
XRP is the star of the day. It’s up 15% in 24 hours, trading at $1.566. Over the past month, it’s skyrocketed 200%! With an $89 billion market cap and $20 billion in trading volume, it’s clear that XRP is on a winning streak. For a short period today, XRP even displaced BNB and took the 5th position on coinmarket cap. At that time, BNB had $90 billion marketcap however, XRP led it by $1 billion, soon to drop back to 6th position.
Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are having a mixed run. DOGE is up 9% at $0.42, and SHIB is trading at $0.00002698. Not bad, but not groundbreaking either. However, smaller coins like PEPE and BONK are struggling, falling as much as 8%. It’s a reminder that meme coins can be risky even when the big ones look stable.
What to Expect
Bitcoin and Ethereum (ETH) are holding steady, but XRP’s momentum could push other altcoins higher. ETH, by the way, is also looking good with a 7% weekly gain, trading at $3,333. The market’s bullish overall, but institutional players, like BlackRock, might shake things up once their ETF data comes in. For now, it’s a mix of caution and excitement.
