XRP Nears Its Record High, Bitcoin Value Halts at $120K: Crypto Market Overview

Bitcoin's price recovery halted at $120,000 following a Tuesday correction, with the bears pushing the asset down by approximately two thousand. Meanwhile, several altcoins, including ETH and XRP, recorded notable price gains. The primary cryptocurrency, BTC, had a historic week, breaking through the $110,000 resistance and setting a new all-time high at over $123,000. However, as investors started to realize profits, bitcoin's price fell to just under $116,000.

Despite this, BTC remains strong and its market capitalization stands at $2.350 trillion. Ethereum continues its impressive performance, trading at a five-month high of nearly $3,450. XRP, driven by a significant accumulation trend, is now just 7% away from its 2018 all-time high of $3.40. The total crypto market cap is nearing $3.9 trillion after a surge of over $70 billion.