Bitcoin Recovers $95K, Ripple Futures ETF Approval Surges
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Bitcoin dropped below $93,000 this morning and then recovered, showing volatility close to the $95,000 level.
Meanwhile, XRP broke through $2.33, recording its highest price in a month after the approval of futures ETF in the United States. Monero (XMR) surged 40% in a day, reaching a four-year high before sharply falling below $270.
Last week, Bitcoin broke through the $86,000 resistance line and rose to $88,000. On Tuesday, it exceeded $90,000 for the first time in six weeks. The upward trend continued, approaching $96,000, the highest in two months on Friday, but selling pressure limited further increases.
During the weekend, Bitcoin maintained a stable flow around the $94,000 level. At the start of Monday, it briefly dropped below $93,000 but quickly rebounded and is currently close to $95,000.
Bitcoin's market capitalization is currently recording $188 billion (approximately 267 trillion won), with its share in the overall cryptocurrency market slightly declining to 61%.
Among major altcoins, ADA, SOL, SUI, HBAR, LINK, and XLM showed slight increases. In contrast, ETH, Doge, TRX, and AVAX experienced slight declines.
The total cryptocurrency market capitalization increased by $30 billion (approximately 42.6 trillion won) in a day, reaching $3.085 trillion.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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