Cardano

<a href="https://optimisus.com/press-releases/20-days-until-begin-of-altcoin-season-xrp-price-pepe-and-rcof-lead-crypto-bullish-predictions/" rel="noopener noreferrer nofollow">XRP (XRP)</a> has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders.Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash.Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading at $96,000 after a 1% decline. The crypto has been range-bound between $90,000 and $100,000 for the past two weeks, with significant resistance attributed to a &#34;sell wall&#34; of over 4,000 BTC worth $384 million, according to analyst Valentin Fournier of BRN.Profit-taking and investor caution are preventing <a href="https://optimisus.com/news/crypto-news/brazils-central-bank-proposes-banning-foreign-backed-stablecoin-transfers-to-private-wallets/" rel="noopener noreferrer nofollow">BTC</a> from breaking through the six-digit mark despite bullish market conditions. Fournier noted, “Bitcoin faces strong sell orders and psychological resistance at $100K, making further gains difficult without stronger bullish flows.”The stagnation in Bitcoin has triggered a rotation of funds into altcoins, as reflected by the decline in BTC’s market dominance from 61.5% to 56.5% since November 21.Fournier highlighted that Bitcoin’s dominance has broken below a key trendline established in mid-2023, indicating increasing liquidity and investor confidence in altcoins.With <a href="https://optimisus.com/press-releases/solana-price-set-to-surge-as-trump-wins-us-elections-doge-xrp-and-etfs-ready-to-lead-the-crypto-rally/" rel="noopener noreferrer nofollow">XRP</a> leading the charge and Bitcoin encountering resistance, the crypto market is witnessing a significant capital shift toward alternative digital assets. This trend could signal broader diversification within the space as 2024 approaches.

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

Optimisus

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