Bitcoin today 02/12/2024: BTC drops to US$ 95 thousand and XRP surprises by reaching the top 3 of the market
The price of Bitcoin Today 02/12/2024 is showing a notable drop that made the asset return to trading in the US$ 95 thousand zone. Yesterday the asset reached a peak at US$ 98.145, but did not sustain the level and retracted to the current zone. At the time of publication, the price of Bitcoin was quoted at US$ 95.186,18 with a drop of 2% in the last 24 hours, equivalent to approximately R$ 570.486,91 BRL and € 90.363,16 EUR.
The cryptocurrency market is seeing considerable gains today, with the XRP standing out for its 20% increase, reaching the top 3 largest cryptocurrencies on the market. Briefly, Ripple's native token occupied third place in the market capitalization ranking, surpassing the stablecoin Tether (USDT).
In recent days, the digital currency has broken through several resistance barriers, leading an impressive bullish rally. Yesterday, the XRP recorded a 30% increase , accumulating a 70% appreciation in the week and an astonishing 360% in the last month. In its recent high, the cryptocurrency broke the price barrier of US$ 2.
The analytics platform, Santiment, observed that the token has surpassed the value of $2,49 for the first time since January 8, 2018. According to analysts, this development comes amid whales accumulating $1,66 billion worth of bitcoin in just three weeks.
Source: Santiment“XRP has surged to an astonishing market cap of $2,49 for the first time since January 8, 2018. The 6-year (almost 7-year) high comes as wallets holding 1M-10M XRP have accumulated 679,1M tokens (currently worth $1,66B) in just 3 weeks. Additionally, total non-empty XRP wallets have eclipsed 5,5M for the first time in the coin’s 8+ year history.”
At press time, XRP is trading at $2,31, up 20.2% in the last 24 hours. In just seven days, Ripple’s native token has exploded by 54.7%.
Amid the bullish market outlook, following Bitcoin's recent move, most major cryptocurrencies are experiencing price declines over the past 24 hours. Ethereum is trading at $3.590,83, down 2.8%. Cardano is currently trading at $1,08 after rising 0.4% over the past day. Solana is down 5.2% and trading at $224,76.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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