The cryptocurrency market continues its upward trend. This week, Bitcoin hit a new all-time high, surpassing $97,000, while Ripple saw gains of over 50%.
Market capitalization surged from $3.01 trillion to $3.18 trillion within the week. Bitcoin climbed 7.10%, Litecoin increased by 9.96%, Ripple soared by 58.66%, and Ethereum dipped by 1.89%.
Bitcoin
Bitcoin continues breaking records, reaching a new all-time high of $97,886 on Thursday.
The leading cryptocurrency now edges closer to the psychological milestone of $100,000 per coin, with current support positioned at $90,899.
Ripple
Ripple surged past $1.00 per coin this week, marking its highest level since 2021. XRP/USD is now trading within the range between 1.0149 and 1.1749, with potential movement toward either support or resistance.
Ethereum
This week, Ethereum is holding steady at the local support level of 3038.08. From this point, it has room to climb toward the resistance at 3293.59, and if it consolidates above that, the next target is 3586.13.
Litecoin
Litecoin bounced upward from the 81.76 support level, climbing above 88.12. Consolidation above this level could enable LTC/USD to advance further toward the target of 102.30.
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