Bitcoin Nears $100K Amid Trump's Re-Election, XRP Soars 40%

Crypto Market This Week: BTC Continues To Soar, Ripple’s XRP Bullish

The cryptocurrency market experienced a thrilling week, with Bitcoin (BTC) reaching new all-time highs and Ripple's XRP showing significant bullish trends. According to CoinGape, Bitcoin surged close to the $100K mark, driven by increased institutional interest following Donald Trump's re-election as U.S. President. The flagship crypto saw substantial buying pressure from companies like Hoth Therapeutics and mining firm MARA, which completed a $1 billion private offering aimed at acquiring more BTC.

Meanwhile, Ripple's XRP also captured investor attention with a 40% price increase over the past week. As reported by CoinGape, large investors accumulated nearly $526 million worth of XRP tokens in anticipation of further gains amid ongoing legal battles with the SEC. Veteran trader Peter Brandt predicts that this could lead to a parabolic rally for XRP.

Bitcoin Is Doing Something It Has Never Done Before

This week's developments have been unprecedented for Bitcoin, according to Yahoo! Voices. With its price nearing six figures after Trump’s electoral victory, there is growing optimism about future growth potential among both retail and institutional investors alike.

Ethereum Price Repeats ‘Bullish Megaphone’ Pattern From 2017 – Why $10,000 Is Possible

A report from TradingView highlights Ethereum's formation of the 'Bullish Megaphone' pattern, reminiscent of its major bull run back in 2017-18 when it surpassed $1,200 per ETH token. Now analysts predict similar outcomes potentially leading up towards hitting even higher targets, such as around $10,000.

Weekly ETF Recap: All Green Days for Bitcoin But Not For Ethereum

The latest weekly recap on CryptoPotato reveals contrasting fortunes between spot ETFs tied directly or indirectly via futures contracts onto underlying assets, namely Bitcoin versus Ethereum, during recent trading sessions across US markets. Bitcoin enjoyed inflows totaling billions, while Ethereum suffered outflows, despite the overall positive sentiment surrounding cryptocurrencies lately.

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