Bitcoin Comes Inches From ATH as Ripple Price Surged to $1.6 (Market Watch)

Bitcoin has remained above its nemesis at $60,000 and even came less than 1% away from breaking its own ATH record. Some altcoins have marked substantial gains, including another ATH for BNB yesterday and a massive double-digit pump for Ripple to $1.6.

Bitcoin Came $450 Away From its Record

The primary cryptocurrency’s story with $60,000 continues. After finally breaking above it on Saturday, the asset dumped well below on Sunday. However, the bulls kept pushing upwards yesterday, which led to another breakout attempt.

This time, BTC reached $61,200 (on Bitstamp). Another retracement followed but bitcoin ultimately prevailed over $60,000 and kept going forward in the past few hours. This resulted in touching $61,350 – meaning that the first-ever cryptocurrency was about $450 away from its mid-March ATH at $61,800.

Nevertheless, the subsequent rejection drove the asset down by several hundred dollars and currently stands beneath $61,000.

As reported yesterday, though, several on-chain features suggest that BTC could be primed for a price surge soon. Namely, those are the declining coins held on exchanges, miners and long-term holders refusing to sell, and the growing adoption rate from institutional investors.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

BNB’s Latest ATH; XRP Surges to $1.6

The altcoin world has been significantly more volatile in the past several days. Ethereum touched its ATH at $2,200 yesterday and, after retracing slightly, stands about $30 away from that level.

The third-largest cryptocurrency by market cap, Binance Coin, was off the charts in terms of daily fluctuations. Whether it’s the anticipation for the 15th BNB burn or Binance’s launch of tradable stock tokens, the asset skyrocketed from about $520 to its latest record at $640 in a matter of hours.

The retracement was just as impressive as BNB dumped by more than $100, but this time in minutes. As of now, Binance’s native coin has calmed around $560.

The altcoin show, however, continues with XRP. Despite, or maybe because of, the ongoing legal battle with the SEC, Ripple’s native token has been on a roll lately. It has only intensified in the past several hours as XRP has spiked by 15% and reached a new 3-year high at $1.6.

Uniswap is another massive gainer with a 13% surge to $35. Stellar (6%) has jumped to $0.612. In contrast, Cardano (-1%), Polkadot (-2%), and Chainlink (-1.5%) are slightly in the red.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains are evident from Stacks (17%), Chiliz (15%), THORChain (12%), SushiSwap (12%), Harmony (12%), Nexo (11%), and Aave (10%).

The total crypto market cap also registered a new record at over $2.1 trillion.


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Cryptocurrency charts by TradingView.

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