Cryptocurrency markets saw significant volatility today, as Bitcoin surpassed $100,000 for the first time in the new year, rising 4.05% in the past 24 hours to $102,251.6. This surge pushed Bitcoin’s market cap past $2 trillion.
In a related context, Ripple (XRP) rose to exceed $11 billion in market value, outperforming Tether and Solana. XRP is currently trading at $2.40, slightly higher than yesterday, when its value ranged between $2.375 and $2.454 over the past 24 hours.
On the other hand, Stellar (XLM) has seen a nearly 50% surge to $0.4630, posting significant gains since its December lows. The rally was driven by the broader cryptocurrency market recovery.
Separately, Binance Futures has announced the launch of three new USD-denominated perpetual contracts on COOKIEUSDT, ALCHUSDT, and SWARMSUSDT tokens, with the possibility of using leverage of up to 75x.
In terms of future expectations, analysts have suggested that Ethereum could overtake Bitcoin in 2025, citing ongoing developments in the Ethereum ecosystem and increasing institutional adoption.
It is worth noting that these moves come as markets await global political and economic developments, which contributes to increased volatility in the cryptocurrency market.
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