CDS Crypto News Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles
Crypto News

Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles

Crypto Rally Persists: Bitcoin and Ethereum Surge, Altcoins Thrive While Ripple Falters

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Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles

Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles

Crypto News – The upward trajectory of Bitcoin and Ethereum persists amidst a sustained crypto rally, with altcoins also experiencing significant growth thanks to record inflows into spot Bitcoin ETFs. On Wednesday, Bitcoin surged past the $73,500 mark, establishing new all-time highs, while altcoins like TON, RUNE, and AAVE displayed notable gains. However, Ripple‘s price witnessed a 1.3% decline over the last 24 hours.

A broader examination of the market indicates that altcoins are spearheading the gains, with the Total 3 market cap recording a 1.8% increase on Wednesday. Despite this, Bitcoin dominance managed a slight uptick of 0.13% by afternoon, attributed to a 1.72% drop in the dominance of USDT, the largest stablecoin by market capitalization.

Conversely, the dogcoin market appears to be undergoing a consolidation phase, with DOGE, SHIB, and FLOKI experiencing declines of 0.9%, 1.6%, and 0.2% respectively within the 24-hour timeframe. However, Dogwifhat stands out, boasting a 17.8% increase during the same period.

TONcoin (TON) Price Forecast

Analyzing the price action of the TON/USD pair on a 1-hour timeframe reveals a correction from the daily highs of $4.52, with the TON price stabilizing around the $4.22 support level. A breakdown below this support could lead to a deeper correction towards the previous resistance of $3.78, potentially serving as a support zone. Nonetheless, a more probable scenario is a bullish continuation towards the all-time high of $5.29.

Ripple (XRP) Price Analysis

Despite the crypto community celebrating record highs for most altcoins, Ripple continues to disappoint XRP holders. Although there was a recent breakout above the $0.618 resistance level, the price failed to surpass $0.73. Consequently, Ripple’s price prediction remains bearish until a clear breakthrough above this level is observed./im

Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles

RUNE, AAVE & BNB Surge Over 10%

Fueled by the prevailing bullish sentiment in crypto markets, numerous L1 and DeFi coins have staged a robust recovery from their bear market lows. Binance Coin (BNB) witnessed a 12% surge on Wednesday, reflecting increased interest in the exchange and L1 coins.

Similarly, AAVE and RUNE experienced growth rates of 12% and 10% respectively, as investor attention shifted towards DeFi coins. Other notable coins displaying similar upticks among the top 100 digital assets include Ronin (RON), Algorand (ALGO), MakerDAO (MKR), and Quant (QNT).

Crypto Rally Continues: Bitcoin and Ethereum Surge, Altcoins Flourish, Ripple Stumbles

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