Bitcoin has surged to more than $118,000, nearing the significant $120,000 mark, generating optimism among investors. XRP is also experiencing notable gains. Currently priced around $2.76, XRP has risen over 13% recently. Factors influencing XRP's growth include increased bullish sentiment among investors. A key event was a U.S. Senate Committee hearing focused on the digital asset market, which featured Ripple Labs' CEO. This hearing addressed the regulatory environment affecting cryptocurrencies, contributing to the positive perception of XRP's potential.
Bitcoin reached an unprecedented price of over $118,000, sparking optimism among investors about surpassing the $120,000 milestone. XRP also showed impressive performance with a 13% increase.
Bitcoin currently has a market cap of $2.3 trillion, Ethereum at $361 billion, and XRP at around $161 billion, establishing XRP's significance as a major altcoin.
XRP, as a foundational altcoin, surged over 13% to a price of approximately $2.76, driven in part by increasing investor confidence reflecting recent market developments.
A significant event contributing to XRP's growth was a U.S. Senate Committee hearing discussing digital assets, where Ripple Labs' CEO shared insights about the evolving regulatory landscape.
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