CryptoPotato’s Weekend Crypto Recap reports a stunning 22% surge in XLM, followed by significant gains in XRP, while BTC steadies at $118K. Bitcoin’s impressive rally which saw gains of over $10,000 and an unprecedented peak seems to have reached a plateau, settling at a comfortable $118,000.
Several altcoins have also made notable progress, with XRP, CRO, and especially XLM recording remarkable increases. Bitcoin’s value had been hovering around $105,000 to $110,000 for a while, with attempts at a breakout being consistently thwarted. However, this pattern was disrupted on Wednesday evening when Bitcoin finally surpassed the upper boundary, reaching a new record high of $112,000.
After a small pullback, Bitcoin initiated an even more impressive surge, peaking at $116,000 on Thursday evening, before touching nearly $119,000 on Friday morning. Although it has since lost some momentum and currently trades just below $118,000, Bitcoin has seen a weekly growth of over 9%. The market capitalization of Bitcoin has increased to $2.345 trillion, even though its dominance over altcoins has slightly decreased to 62.5%.
Meanwhile, most altcoins have also seen substantial gains in the past few days. For instance, Ethereum jumped from $2,500 to over $3,000, marking a five-month high, before slightly correcting below the latter. XRP, initially slow, made headlines yesterday with a surge to almost $3, and despite a fall to below $2.8, it’s still up 7% for the day, surpassing USDT in market cap.
CRO also saw a significant price increase, rising well over $0.1. However, the star of the day was XLM, soaring by over 22% and currently trading above $0.37. In contrast, Pi Network’s native token dipped by over 6% and is struggling to stay above $0.47.
The total market cap of all cryptocurrencies has added over $300 billion since Wednesday, currently standing at an impressive $3.750 trillion.
