JAKARTA - The Ripple crypto asset (XRP) has managed to steal the attention of crypto observers with a price increase of 10% in the last 24 hours. Meanwhile, Bitcoin (BTC) has also increased and managed to surpass the figure of 58,000 US Dollars (around Rp937 million).
On Friday last week, Bitcoin experienced a sharp decline, falling from 58,500 US Dollars (approximately Rp945 million) to its lowest point in months below 54,000 US Dollars (approximately Rp872 million). However, buyers took over again, pushing the price of BTC back to the range of 58,500 US Dollars.
After going up and down, with a price fluctuation of about 3,000 US Dollars (approximately IDR 48 million) earlier this week, BTC managed to cross the $59,000 level several times. Lastly, following the announcement of a lucrative US inflation rate on Thursday, the price of Bitcoin has soared again and is currently trading above $58,000.
Bitcoin's market capitalization is approaching $1.150 trillion, although its dominance over altcoins has fallen to 50.6% according to CoinGecko (CG).
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Most of the altcoins with large capacities are also experiencing an increase today. Ethereum is up more than 2% and is currently trading above $3,100. Binance Coin (BNB) has also increased by 3% and is above $535 per coin. In addition, Solana (SOL), Dogecoin (DOGE), Tron (TRX), and Avalanche (AVAX) also recorded similar price increases.
However, the most notable is the increase in coin prices (XRP), which reached 11%. Currently, XRP is trading above $ 0.5. Similar increases also occur in altcoins with medium capitalization, including XLM, ICP, and MKR.
The crypto market is showing a strong recovery after a sharp decline earlier this week. The significant increase in XRP and the return of BTC to $58,000 show positive sentiment in the market. Investors and market players need to continue to monitor price movements closely, especially given the many global economic events affecting crypto volatility.
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