Bitcoin (BTC) and XRP, two of the major cryptocurrencies, have seen significant price gains in recent days. These unexpected market swings have piqued the interest of both investors and crypto enthusiasts.
On Thursday, June 13, the price of Bitcoin, the first cryptocurrency, reached a 13-month high. It increased by 4.45%, surpassing the $31,636 mark. While Bitcoin has already given back some of its gains, its one-day gain stands at 2.92%. Bitcoin is currently trading at $31,203 on the Bitstamp platform. The market capitalization of Bitcoin has risen by 2.15% to $606.5 billion. This is fantastic news for anyone wishing to invest in Bitcoin recently.
Along with Bitcoin, the second-biggest cryptocurrency, Ethereum (ETH), has seen substantial growth. Ethereum’s price has risen by about 5% in the last two days, for a total gain of 7.58%. Ethereum even hit the $2,000 level at one time.
Another popular cryptocurrency, XRP, has had a significant price increase in the last 24 hours. XRP witnessed a quick 100% jump, reaching $0.94. However, it ended with a still amazing 74% gain, closing at $0.82325. XRP is currently trading at $0.77597, having retraced by 5.61%.
This increase was spurred by Ripple Labs, the firm behind XRP, winning a partial court victory over the US Securities and Exchange Commission (SEC). Furthermore, prominent exchanges including Kraken, Bitstamp, Coinbase, and Crypto.com have reinstated XRP trading on their systems.
These market moves have piqued the interest of traders and investors. Bitcoin’s 13-month high and XRP’s strong price gain reflect the crypto market’s ongoing interest and promise. As the crypto sector evolves, it remains a source of considerable interest and potential for many.
Conclusion
Finally, the cryptocurrency market has seen significant price increases in recent days. Bitcoin achieved a 13-month high, while Ethereum grew significantly. Furthermore, XRP had a tremendous spike as a result of a court win and the return of trade on key crypto exchanges.
