Bitcoin

when

Spot

Daily

Bitcoin is in a price discovery mode once again as it continues to chart fresh all-time highs daily, with the latest coming hours ago at just under $108,000.
Many altcoins have followed suit, including XRP, XLM, and CRO. In Ripple’s case, the asset managed to overcome USDT in terms of market cap once again.
<h2 id="btc-keeps-pumping">BTC Keeps Pumping</h2>
It was just a week ago when the primary cryptocurrency struggled to maintain its momentum and was pushed south hard on a couple of occasions to $94,400. However, the bulls managed to defend that level and initiated a leg-up that drove the asset to $98,000 on Thursday and beyond $100,000 on Friday.
Since then, BTC has predominantly <a href="https://cryptopotato.com/bitcoin-hits-record-106-5k-as-whale-wallets-surge-amid-trump-comments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">traded</a> within six-digit territory. Moreover, it <a href="https://cryptopotato.com/bitcoins-rally-to-new-all-time-high-above-106k-liquidates-this-massive-whale/" data-wpel-link="internal" rel="noopener noreferrer nofollow">broke </a>its early December all-time high of $103,800 on Monday by surging past $106,000.
After a brief <a href="https://cryptopotato.com/bitcoin-falls-2k-after-latest-peak-sui-registers-fresh-all-time-high-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">retracement</a> in the afternoon, the cryptocurrency went on the offensive in the evening, and especially during the Tuesday morning Asian trading session, when it exploded to $107.800 to chart its latest peak.
Despite losing some ground since then, BTC is still above $107,000. Its market cap has skyrocketed to well above $2.1 trillion, and its dominance over the alts has risen to almost 54% on CG.
<figure id="attachment_374960" aria-describedby="caption-attachment-374960" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-374960" src="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15.png" alt="Bitcoin/Price/Chart 17.12.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-15-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-374960" class="wp-caption-text">
 Bitcoin/Price/Chart 17.12.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="xrp-on-the-rise">XRP on the Rise</h2>
Perhaps the biggest news in the cryptocurrency industry yesterday came from Ripple as the company <a href="https://cryptopotato.com/xrp-price-on-the-move-as-ripple-announces-stablecoin-launch-on-dec-17/" data-wpel-link="internal" rel="noopener noreferrer nofollow">said</a> its stablecoin has been approved and is ready to be deployed today – December 17. This sent the other native token – XRP – soaring immediately, as it pumped from under $2.37 to a multi-day peak of almost $2.6 earlier today. Additionally, XRP has reclaimed the third spot in terms of market cap by surpassing USDT.
XLM and CRO are the other notable gainers from the larger-cap alts, surging by 9% and 7%, respectively. ETH is above $4,000 once again after a minor daily increase, similar to those of SOL, BNB, ADA, and AVAX.
In contrast, TON and LINK have retraced by around 4% each.
The total crypto market cap has gained another $90 billion in a day and is at a peak of its own of nearly $3.950 trillion.
<figure id="attachment_374961" aria-describedby="caption-attachment-374961" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-374961" src="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1880" height="823" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345.png 1880w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345-1024x448.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345-1536x672.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-17-114345-50x22.png 50w" sizes="(max-width: 1880px) 100vw, 1880px"></a>
 <figcaption id="caption-attachment-374961" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/ripple-xrp-reclaims-3rd-spot-after-7-daily-surge-bitcoin-btc-neared-108k-market-watch/" rel="noopener noreferrer nofollow">Ripple (XRP) Reclaims 3rd Spot After 7% Daily Surge, Bitcoin (BTC) Neared $108K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple (XRP) Reclaims 3rd Spot After 7% Daily Surge, Bitcoin (BTC) Neared $108K (Market Watch)

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