The price of Bitcoin (BTC) reached another milestone on Tuesday, Touching historical peak above $107,000,
While the Fear and Greed Index has “extreme greed” written all over it, Ripple’s XRP and Algorand (ALGO) caught the attention of altcoin enthusiasts.
Bitcoin breaks ATH record
The leading crypto by market cap took the market by storm today after hitting an all-time high of $107,780.
BTC trades at $107,455 at press time, with a 25% increase in daily trading volume indicating substantial demand behind its momentum.
The crypto sector has outperformed since Trump’s presidential victory.
including latest positive developments replacement of sec chairman And new crypto and AI czars increase bullish prospects.
Furthermore, Michael Saylor’s proposal to use BTC to solve the United States’ debt crisis sparked speculation among crypto enthusiasts.
Bitcoin displays massive bullish strength and will likely head higher (in the near term).
Meanwhile, crypto analyst Michael van de Poppe believes that Bitcoin could swing between $110,000 and $95,000 this week.
He warned about intense volatility due to the Fed meeting.
XRP aims for new high on RLUSD optimism
wave Confirmed It will launch the stablecoin RLUSD today, December 17th.
Enterprise-grade stablecoins promise increased transparency and real-world use cases.
Initially, RLUSD will launch on five top cryptocurrency platforms – Coinmena, Arcex, Moonpay, Bitso, and Uphold.
The remittance firm has emphasized that the stablecoin takes a compliance-first approach. He testified that Last week’s NYDFS approval,
The focus has turned to XRP’s price performance amid the launch of RLUSD.
The local token is trading at $2.58 after gaining 7.5% the previous day.
XRP has surged since the United States election, reaching a price level near $3 in early December.
The impressive performance has put it on the radar of investors.
Analysts forecast solid gains for XRP in the upcoming sessions.
For example, DonAlt trust It could double if the altcoin overcomes the $2.20 – $2.60 barrier.
XRP has been oscillating between the $2.20 support and $2.60 resistance since the beginning of this month after failing to recover from $3.
Crossing the obstacle can trigger spontaneous movement to higher levels.
Furthermore, expert EGRAG CRYPTO predicts $8 per XRP token if Bitcoin extends its current rally to the $120,000 – $130,000 range.
📊 DAILY TIMEFRAME ANALYSIS(4/7): DAILY CHART VIEWING #bullishaf 🔥, and if the current pattern holds, $7.5 – $8.1 could be the next target! 🚀 However, I’m in that camp #BTC A big move to $120K-$130K is needed first. 📈 Till then, #XRP Could go on…
Remarkably, Ripple CTO warns about potential supply shortage and price volatility of RLUSD,
Algorand is at a key price level
While the cryptocurrency displays bullish trends, Algorand trades at make-or-break levels.
The altcoin traded at $0.4200 after a 1.50% decline last week.
The $0.40 mark remains important for ALGO’s performance as a previous demand area.
The price zone saw a massive surge in late November, confirming its reputation.
Meanwhile, the latest drop to $0.61 suggests a possible support retest.
Stability above $0.40 is crucial for a bounce-back to overcome the $0.43 barrier. This will open doors for more profits in the future.
Increased selling activities could drop Algorand to $0.33 – which is 27% lower than current prices.
However, the current momentum suggests that there are fewer obstacles to a surge in ALGO’s price.
Post Crypto Today: BTC tops $107,000, XRP eyes ATH amid RLUSD launch, ALGO at tipping point first appeared on Invez
