$XRP price surges to monthly high, BTC approaches $95,000
Bitcoin exhibited a stair-step rise last week. Early in the week, the price strongly broke through the key resistance level of $86,000, reaching a high of $88,000. After a brief consolidation, bulls regained momentum on Tuesday, successfully standing above the $90,000 mark for the first time in six weeks, breaking through this important psychological price level.
As the week progressed, the upward momentum continued to build, with Friday's intraday price approaching $96,000, setting a new two-month high. However, it faced resistance from bears near this level and failed to achieve a significant breakthrough. Notably, this pullback was relatively mild, and over the weekend, the price maintained a range around $94,000.
$XRP and XMR emerged as the market leaders. XRP rose by over 8% in 24 hours due to news of the approval of a U.S. futures ETF, breaking through $2.33 for the first time in a month. XMR surged by 40% at one point, reaching a four-year high, before retreating below $270.
Other mainstream altcoins showed relatively stable performance. ADA, SOL, SUI, HBAR, LINK, and XLM saw slight increases, while ETH, DOGE, TRX, and AVAX experienced minor declines.
The total market capitalization of cryptocurrencies grew by approximately $30 billion overnight, currently reaching $3.085 trillion according to CoinGecko data.
