
The crypto world is buzzing, and Bitcoinโs holding strong at $98,000 is turning heads. While some coins are shooting up, others seem to be cooling off. Whatโs driving this? Letโs take a closer look at whatโs happening in the market right now.
Bitcoin Stays Firm at $98K
Bitcoin is the king, and itโs showing why. With a dominance of 58.59%, BTC is steady at $98,550. Its recent low was $97,222, and it almost hit $100,000, peaking at $99,655. The market cap is massiveโ$1.95 trillionโand the daily trading volume stands at $76 billion.
Interestingly, 22.85 million BTC flowed out of 12 ETFs in just one day. Thatโs a big deal! But data from BlackRock, which many are waiting for, could add more twists to the story. For now, Bitcoin seems calm and ready to charge ahead, but itโs not the only one making waves.
XRP Is Soaring, Meme Coins Are Mixed
XRP is the star of the day. Itโs up 15% in 24 hours, trading at $1.566. Over the past month, itโs skyrocketed 200%! With an $89 billion market cap and $20 billion in trading volume, itโs clear that XRP is on a winning streak. For a short period today, XRP even displaced BNB and took the 5th position on coinmarket cap. At that time, BNB had $90 billion marketcap however, XRP led it by $1 billion, soon to drop back to 6th position.
Meanwhile, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are having a mixed run. DOGE is up 9% at $0.42, and SHIB is trading at $0.00002698. Not bad, but not groundbreaking either. However, smaller coins like PEPE and BONK are struggling, falling as much as 8%. Itโs a reminder that meme coins can be risky even when the big ones look stable.
What to Expect
Bitcoin and Ethereum (ETH) are holding steady, but XRPโs momentum could push other altcoins higher. ETH, by the way, is also looking good with a 7% weekly gain, trading at $3,333. The marketโs bullish overall, but institutional players, like BlackRock, might shake things up once their ETF data comes in. For now, itโs a mix of caution and excitement.