Ripple (XRP) Tops $0.7, Bitcoin (BTC) Rejected at $30K After $1.5K Surge
• Ripple’s native token is today’s top performer, with a notable 8.5% surge.
• Bitcoin reacted to yesterday’s drop and 6-week low by surging by $1,500 in a day to touch $30,000, where it got rejected.
• Most altcoins are also slightly in the red, and the total market cap managed to erase most of yesterday’s losses.
Ripple (XRP) Taps $0.7
Ripple’s native token is today’s top performer with an impressive 8.5% surge. This indicates that the XRP market is gaining ground and making progress despite its bearish run over the past few months.
Bitcoin (BTC) Rejected at $30K After $1.5K Surge
Yesterday saw Bitcoin experience a sudden drop to a new 6-week low of below $29,000 but this was quickly intercepted by bulls who enabled Bitcoin to recover most of its lost value and shoot up to $30,000 for the first time in a week before getting rejected there. Although some altcoins remain slightly in the red, the total market cap has been able to erase most of yesterday’s losses which highlights how bullish investors remain on crypto overall.
It appears that although Bitcoin remains volatile, it continues to make waves within the cryptocurrency world as its price shows no signs of stopping soon despite being met with various rejections at certain levels such as at the current level of around $30k. Many people are still hopeful that its price will continue going up and continue breaking records soon due to its increasing popularity among traders and investors alike across all markets worldwide.
The recent surges from both Ripple (XRP) as well as Bitcoin (BTC) are reflective of positive sentiment within both markets which means that now could be a great time for investors looking for potential gains from either asset class or both depending on their risk appetite and long-term investment strategies moving forward into 2021 & beyond!
It appears that despite volatile trading conditions in 2020 & 2021 so far overall there is much optimism surrounding cryptocurrencies across multiple markets due to their increasing popularity amongst traders/investors looking for potential gains from either asset class or both depending on their risk appetite & long-term investment strategies moving forward into 2021 & beyond!