Ripple (XRP) Eyes $2.5, Bitcoin (BTC) Jumps Toward $102K (Weekend Watch)

Bitcoin’s price has solidified its position above the coveted $100,000 mark and even jumped above $102,000 earlier this morning.

Most altcoins are also in the red today with modest gains. XRP and BNB stand out as the biggest daily gainers.

BTC Eyes New ATH?

The start of the business week was quite painful for the primary cryptocurrency as it dumped toward $94,400 on a couple of occasions. However, it managed to bounce off after touching that support line the second time and shot up to $98,000 on Wednesday.

The gains continued in the following days, with BTC going back into six-digit territory on Thursday. Aside from a few brief price slips below that level, bitcoin has managed to remain above it for the most part.

Furthermore, it skyrocketed to over $102,500 earlier this morning to mark a nine-day peak. It has lost some ground since then and sits below $102,000 as of now, but it is still 1.5% up on the day.

This has pushed its market capitalization to well above $2 trillion. Its dominance over the alts has retraced slightly from the weekly high of 53% to 52.5%.

Bitcoin/Price/Chart 14.12.2024. Source: TradingView

XRP, BNB on the Rise

Most larger-cap alts are with minor gains today. ETH has reclaimed $3,900 after a slight 1% increase. SOL, DOGE, ADA, AVAX, and SHIB have marked similar gains.

Binance Coin is up by 3% and trades above $725. XRP has stolen the show from the larger caps, having surged by 6%. It even tapped $2.5 earlier today but has retraced slightly since then. LINK, XLM, and TRX are the other notable gainers.

The cumulative market capitalization of all crypto assets still sits above $3.8 trillion after a 1% increase in the past 24 hours.

Cryptocurrency Market Overview. Source: QuantifyCrypto