Bitcoin (BTC) Uncertain at $30K, Ripple (XRP) Eyes $0.8: Market Watch

After registering yet another multi-week low at $29,500 yesterday, bitcoin bounced off and tapped $30,000 earlier today.

Most altcoins are with insignificant gains, aside from ADA, XRP, BCH, and XLM, all of which are up by somewhere between 2% and 8%.

BTC Back at $30K

Ever since last week’s massive gains, propelled by Ripple’s court win over the SEC, which took bitcoin to a 13-month high at $31,800, the landscape around the primary cryptocurrency has been rather shaky.

The asset couldn’t keep its momentum going and retraced by almost two grand in the following days to $30,000. It managed to stand above that line during the weekend and on Monday but headed straight south on Tuesday.

This resulted in charting an 18-day low of $29,500 (on Bitstamp) yesterday. The bulls intercepted the move and pushed it to the coveted $30,000 line as of now.

Thanks for subscribing, you will get your first report in the next hours!

The asset’s market capitalization has taken a slightly hit in the past few days and is just above $580 billion. Its dominance over the alternative coins is down as well, to 48.4%.

XRP Heading for $0.8

As expected, XRP experienced the most significant price surge last week following Judge Analisa Torres’ decision to rule in favor of the blockchain company. The native token almost doubled in price in a day and reached $0.95 to mark a 19-month peak.

However, it retraced heavily in the next few days. The past 24 hours have been more positive as XRP is back on the offensive and sits close to $0.8 after a notable investment from Ripple in a company operating in the growing fields of AI and metaverse.

Cardano is up by 2.5% and trades above $0.3, while ETH, BNB, SOL, DOGE, and LTC are with more modest gains. Bitcoin Cash has added 4% of value and sits at $245.

Stellar has jumped the most from the larger-cap alts (8%) and stands close to $0.15.

In total, the crypto market cap has added a few billion in a day and remains above $1.210 trillion on CMC.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.