XLM Explodes by 22% Followed by XRP, BTC Price Calms at $118K: Weekend Watch
Main Idea
Bitcoin reached a new all-time high of $119,000, with altcoins like XLM showing significant gains, while the overall cryptocurrency market cap grew to $2.345 trillion.
Key Points
1. Bitcoin's price surged to almost $119,000, marking a new all-time high and gaining over 9% weekly.
2. Bitcoin's market capitalization increased to $2.345 trillion, though its dominance over altcoins slightly declined to 62.5%.
3. Ethereum rose from $2,500 to over $3,000, marking a five-month peak before a slight correction.
4. XLM outperformed other altcoins with a 22% surge, trading above $0.37, while XRP and CRO also saw notable gains.
5. Pi Network’s native token dropped by over 6%, struggling to stay above $0.47.
Description
Bitcoin’s spectacular end to the business week, in which the asset gained over ten grand and skyrocketed to a new all-time high, has finally reached an exhaustion point as the asset has calmed at $118,000. Several altcoins have followed suit, while XRP, CRO, and especially XLM have charted mindblowing gains. BTC’s Rally It’s been a while since we have said this, but a lot can change in the cryptocurrency markets in the span of a few days. Recall that itcoin’s price stood within a tight range bet...
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