{"id":44489,"date":"2025-02-14T10:08:46","date_gmt":"2025-02-14T10:08:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44489"},"modified":"2025-02-14T10:08:46","modified_gmt":"2025-02-14T10:08:46","slug":"bitcoin-btc-reclaims-97k-ripple-xrp-soars-by-12-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44489","title":{"rendered":"Bitcoin (BTC) Reclaims $97K, Ripple (XRP) Soars by 12% Daily (Market Watch)"},"content":{"rendered":"

The cryptocurrency market has shown some resurgence in the past 24 hours, with numerous leading digital assets charting mild gains. Bitcoin (BTC), for instance, climbed by 1% and surpassed $97,000 again.<\/span><\/p>\n

Many of the well-known altcoins have performed much better than the primary cryptocurrency. Ripple\u2019s XRP is the most evident example, with its valuation jumping by double digits.<\/span><\/p>\n

BTC is Slowly Recovering<\/span><\/h2>\n

It has been a rather shaky week for Bitcoin (BTC), whose price fluctuated between under $95,000 and almost $100,000. It traded near the upper mark on February 7, but in the following days, it suffered a severe downfall.\u00a0<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

The price tumbled to its local bottom of less than $95,000 on February 12, shortly after the United States Bureau of Labor Statistics <\/span>released <\/span><\/a>the Consumer Price Index data <\/span>for January<\/span>. The actual inflation rate was higher than <\/span>expectations<\/span> which caused the entire crypto market to head south.<\/span>\u00a0<\/span><\/p>\n

The following day, though, BTC bulls regained control and pushed the valuation to as high as $98,000. However, the rally was short-lived, and the price once again plunged below $95,500. Over the past several hours, though,<\/span> there has been a new resurgence, and BTC currently trades just north of $97,000.<\/span><\/p>\n

The asset\u2019s market capitalization is well above $1.9 trillion, whereas its dominance against the alternative coins slightly decreased to approximately 59.6% (per CoinMarketCap\u2019s data).<\/span><\/p>\n

XRP Shoots Up<\/span><\/h2>\n

As mentioned above, most altcoins have outperformed BTC <\/span>in terms of<\/span> daily gains. <\/span>The biggest rival<\/span> \u2013 <\/span>Ethereum (ETH)<\/span> \u2013 <\/span>is up by 1.5%, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have witnessed increases of 3% to 5%.<\/span><\/p>\n

The best performer from the top 20 <\/span>club<\/span> today is undoubtedly Ripple\u2019s XRP. Its price <\/span>soared<\/span><\/a> by 12%, reaching a 10-day high of $2.75. <\/span>This<\/span> happened shortly after the US SEC acknowledged Grayscale\u2019s application to convert its XRP Trust into an exchange-traded fund (ETF).<\/span><\/p>\n

While the sector\u2019s landscape is predominantly green, there are some assets experiencing decreases. Binance Coin (BNB), which was at the forefronts of gains on February 13, is down 5% in the last 24 hours, whereas TRON (TRX) has slipped by 3%.<\/p>\n

The total cryptocurrency market capitalization has climbed to $3.23 trillion, representing a 1.5% increase for the day.
\n<\/span><\/p>\n

<\/a>Cryptocurrency Market Overview, Source: QuantifyCrypto<\/p>\n

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The post Bitcoin (BTC) Reclaims $97K, Ripple (XRP) Soars by 12% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market has shown some resurgence in the past 24 hours, with numerous leading digital assets charting mild gains. Bitcoin (BTC), for instance, climbed by 1% and surpassed $97,000 again. Many of the well-known altcoins have performed much better than the primary cryptocurrency. Ripple\u2019s XRP is the most evident example, with its valuation jumping […]<\/p>\n","protected":false},"author":0,"featured_media":44490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44489"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44489"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44490"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}