Bitcoin (BTC) Back Towards $100,000, Ripple (XRP) Surpasses $1.50 (Market Watch)

After several days of pullbacks and consolidation over the weekend, bitcoin appears to be gearing up for another charge towards the coveted $100,000 target.

Many altcoins also turned green today, with AVAX soaring to almost $50 and XRP recovering the $1.5 level.

BTC wants to go back to $100,000?

It was a very positive trading week for BTC, as the asset started last Monday around $90,000, but quickly resumed its bullish surge and soared to a new all-time high at the time on Wednesday of $94,000 dollars After a small pullback, it went back on the offensive and topped $95,000 on Thursday.

The gains continued on Friday, when bitcoin came scarily close to $100,000. In fact, it was only $200 on Friday evening, but the bears managed to defend this level and did not allow it to be broken.

The weekend saw some pullbacks as the cryptocurrency fell to $98,000 on Saturday and below $96,000 by Sunday evening. However, it managed to bounce back and is now close to $99,000 once again. This has put the $100,000 speculation back on the table for today.

For now, BTC’s market cap has climbed above $1.950 trillion on CG, but its dominance over the highs is slipping again, this time to 55.3%.

Bitcoin/Price/Chart 25.11.2024. Source: TradingView AVAX Shoots Up

Altcoins also saw some notable price drops on Sunday evening, but most have managed to reverse the trend. ETH is up 2.5% and now sits above $3,450. SOL has climbed above $250 after a daily gain of 1.4%. DOGE, ADA, TON, SHIB and SUI have also marked minor price gains.

Ripple has jumped above $1.5 once again after adding 6% since yesterday. LINK, DOT, NEAR, ICP and BCH have also increased by substantial percentages in one day.

Avalanche’s native token is the best performer today, gaining over 14%. As a result, AVAX is now hovering near $50.

Total crypto market capitalization has recovered most of Sunday’s losses and stands at $3.550 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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