Bitcoin (BTC) Hits New ATH Amid Crypto Bull Market, XRP Gains Momentum-web3.0-php.cn

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Bitcoin (BTC) Hits New ATH Amid Crypto Bull Market, XRP Gains Momentum

Patricia Arquette

Nov 17, 2024 pm 03:16 PM

btc XRP Dogecoin

The global crypto realm has closed another week, with remarkable advancements witnessed across the broader sector. Bitcoin (BTC) price pumped to attain a new ATH

Bitcoin (BTC) Hits New ATH Amid Crypto Bull Market, XRP Gains Momentum

output: CoinGape Highlights: BTC Hits New ATH, XRP Gains Momentum, DOGE Surges & More

The global crypto realm closed another week, with remarkable advancements witnessed across the broader sector. Bitcoin (BTC) price pumped to attain a new ATH, whereas the broader market mirrored optimism.

Simultaneously, Ripple’s XRP achieved unprecedented levels, sparking market discussions. Moreover, Dogecoin echoed optimism across the broader market amid D.O.G.E-related developments.

Here's a brief report on some of the top crypto market headlines reported by CoinGape Media in the past seven days.

Bitcoin Hits New ATH Amid Crypto Bull Market

Notably, this week saw BTC price attain a new height of $93,434.36, sparking a tidal wave of optimism among market investors. The coin soared in tandem with increased institutional interest post-U.S. elections, as seen with Bitwise hitting $10 billion in client assets under management.

Further, amid the flagship crypto's bullish movement, top trader Peter Brandt and investment firm Bernstein predicted BTC price rally to $200K. However, it's also noteworthy that BTC witnessed slight turbulence this week, attributable to macroeconomic events.

The US CPI inflation rose to 2.6%, raising investor concerns over future movements. Nevertheless, the market closes this week in a bullish state.

XRP Gains Momentum, Surges Over 20%

While BTC price scaled new heights, XRP also achieved remarkable gains, surging over 20% to attain a price of $0.83 by the weekend. This bullish momentum propelled XRP to achieve its highest price point since May 2018.

The coin's price surged following a legal victory for Ripple in the ongoing SEC lawsuit, with the court granting Ripple access to internal SEC documents pertaining to XRP. This development sparked optimism among XRP holders.

Additionally, a recent report by Messari highlighted XRP's potential to surge to $10 in the event of a favorable SEC verdict. However, it's crucial to note that XRP faced slight turbulence on Friday as a result of macroeconomic events.

DOGE Surges on New Developments, Elon Musk Tweet

Amidst the broader crypto market optimism, Dogecoin also echoed bullish sentiments with new developments and a mention by Tesla CEO Elon Musk.

This week, D.O.G.E encountered a price surge following an announcement by cryptocurrency exchange Binance regarding the addition of DOGE to its Pay service. This service enables users to make payments in cryptocurrencies.

Furthermore, Musk tweeted about DOGE once again, stating that he's working with DOGE developers to "improve system transaction efficiency." This statement sparked another wave of optimism among DOGE investors.

However, on Friday, DOGE faced a slight setback due to macroeconomic events, impacting the broader crypto market. Despite this, DOGE remained in a bullish state throughout the week.

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