XRP Price News: Ripple Token Hits 7-Year High Above $3
According to CoinDesk, XRP has reached a remarkable milestone by hitting a seven-year high above $3. This surge is attributed to large holders accumulating approximately $3.8 billion worth of tokens over the past two months. The anticipation surrounding a potential spot XRP ETF and crypto-friendly policies in the U.S. have fueled this growth.
The token's market capitalization now surpasses that of BlackRock, making it the third largest cryptocurrency behind Bitcoin (BTC) and Ethereum’s ether (ETH). Analysts suggest that continued accumulation by investors could drive prices even higher, potentially reaching new all-time highs if current trends persist.
Bitcoin Approaches $100K Again Amid Market Optimism
Barron's reports on Bitcoin nearing its historic six-figure valuation once more as traders remain optimistic about favorable economic conditions under Donald Trump's upcoming administration. Despite slight fluctuations around the $99,200 mark following recent CPI data releases, experts believe BTC may soon retest previous peaks due to ongoing investor confidence.
A K33 report highlights diminishing attractiveness for selling BTC at Trump’s inauguration given historical patterns showing post-election stability followed by upward momentum during presidential terms.
Bitcoin Holds Steady Nearing Inauguration Day
FXStreet discusses how Bitcoin maintains strength close to President-elect Donald Trump's inauguration with prices hovering near $100K after rising 4% upon positive CPI figures being released earlier this week. Traders are advised to monitor US Retail Sales data closely since any significant changes might impact volatility levels within markets further affecting cryptocurrencies like Bitcoin positively or negatively.
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