Bitcoin Price Tests $92,000, Ripple (XRP) Bulls Seeking Next Targets (Market Watch)

The cryptocurrency market remained relatively quiet throughout the weekend. Bitcoin held its price above $90,000 and is now rising again. Total market capitalization is expanding above $3.2 trillion thanks to gains in mid-cap cryptocurrencies.

Bitcoin price climbs $92,000

As mentioned above, the price of Bitcoin remained within a relatively tight range on Saturday and Sunday, with one exception yesterday.

Bears attempted to push BTC below $89,000, but buyers were quick to snap up some coins at a discount, enabling a V-shaped recovery.

Source: TradingView

At the time of writing, BTC is trading just below $92,000 as the bulls are testing this level. A clear break above would give way to a challenge of the all-time high.

Meanwhile, as we reported today, some events could shake up the crypto market in the coming days. These include:

NVIDIA reports earnings on Wednesday. Existing home sales data Thursday. MI Consumer Sentiment Report Friday.

It is also worth noting that the industry anticipates the resignation of the current chairman of the US Securities and Exchange Commission. Nothing official yet, but many took the open letter he wrote last week as a goodbye note.

Ripple Bulls look for next targets

The altcoin market paints a mixed picture as some of the cryptocurrencies are going through marginal corrections. Examples include Ethereum, BNB, AVAX, SUI, Aptos and more.

Others, on the other hand, are registering considerable gains. The past few days have been all about Ripple’s XRP, which exploded above $1 on Saturday and continues to trade in the green, posting an increase of around 7.5% in the last 24 hours.

Source: Quantify Crypto

More impressive than XRP’s performance over the past day, however, is that of Hedera (HBAR), Mantra (OM) and Stellar (XLM). These have increased by 30%, 27% and 22%, respectively.

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