TL;DR
- Bitcoin hit a recent high near $106,000 but was quickly rejected, falling back to $103,000.
- The altcoin market saw a widespread correction, with steep losses in Dogecoin, Cardano, and PI.
- XRP, however, stood out by holding above $2.5, reflecting its growing strength as a resilient asset in a highly volatile market environment.
Bitcoin started the week strong, breaking past the $100,000 psychological barrier and surging to just below $106,000, fueled by the optimism that followed a temporary halt to tariffs between the United States and China.
However, this upward momentum hit a wall at that level, and heavy selling pressure caused the price to plunge below $101,000. A modest bounce brought it back to around $103,868.52, reflecting a 0.34% drop over the last 24 hours. Despite this pullback, Bitcoin’s market cap remains around $2.04 trillion, and its dominance over altcoins has climbed to 59.8%.
Broad Altcoin Correction Hits the Market Hard
Ethereum was not spared by the downturn, falling by 0.48% to currently trade at $2,549.20. Binance Coin (BNB) saw a sharper decline of 4.20%, now priced at $657.42. Solana (SOL) also slipped, down 1.08%, trading at $175.39. Among the hardest-hit were Dogecoin (DOGE), which dropped 5.50% to $0.2300, and Cardano (ADA), which fell 5.52%, settling at $0.8059. TRON (TRX) also recorded losses, declining 4.09% to a price of $0.2660.
This correction follows a week of solid gains and appears to indicate a natural market adjustment, possibly driven by profit-taking by investors who entered at lower levels.
XRP Breaks the Trend and Stands Out as a Positive Exception
Unlike the general bearish sentiment, XRP managed to hold firm under pressure. While it recorded a slight 2.50% drop in the last 24 hours, its current price of $2.55 places it among the few major assets that have managed to retain some of their recent momentum.
Just a day ago, XRP touched a high of $2.7 before encountering resistance, signaling that market interest remains strong.
Ripple’s token continues to establish itself as an efficient solution for international payments, and its growing institutional adoption appears to offer it greater stability in the face of market fluctuations. In a scenario where many projects are losing traction, XRP emerges as a sign that there is still room for solid assets within the crypto ecosystem.
