Ripple’s XRP Surges 30% With Bitcoin Going For The $38K Level

Ripple’s XRP surges 30% with the crypto market cap hitting $1 trillion for the first time ever and some larger-cap altcoins exploding with double-digit gains so let’s read more in today’s Ripple news.

Bitcoin came inches away from the $38,000 price point with the entire market cap breaking down a new milestone by reaching $1 trillion following the impressive XRP gains as well as the gains by Cardano, Stellar, and Chainlink. It’s safe to say that BTC entered a new year with a bang while it initially slid beneath $28,000 where the cryptocurrency filed a gap that left opened on CME and tore down record after record.

Over the past 24hours, the asset continued upwards and broke into the uncharted territory again. After enduring high volatility which drove the coin below $34,000 and BTC initiated an impressive leg up that resulted in the latest all-time high of $37,800. Despite retracing slightly, BTC trades north of $37,000. The data from Santiment indicated that Bitcoin’s surge to a new high which changed the people’s opinion who are pumping the buying narrative and the number of “sell calls” dominated the social circles.

As per the reports, another massive milestone was reached by all crypto assets with the market capitalization breaking above the $1 trillion sign for the first time. this became quite possible since many altcoins mimicked Bitcoin’s impressive performance with some notable gains as well. Ethereum jumped by 7% to $1120, Binance Coin increased by 6% to $44, Litecoin increased by 3.5% to $168, and Bitcoin Cash by 5.5% to $450. However, there are some more remarkable gainers in the top ten including XLM.

Stellar doubled down on the recent bull run as the coin surged 60% in one day and 190% in a week to $0.36. This came as the Foundation partnered with the Ukrainian government to start developing a central bank digital currency. Ripple surged by 30% to $0.30, Cardano increased by 21%, and overtook BCH in terms of market cap. Chainlink added 16% and trades near $17 as of late. Ripple’s XRP surges 30% but more gains are evident from Matic Network by 23%, Kyber Network by 23%, NEM by 22%, Siacoin 22% and Augur by 20%.

Ripple was hit hard in December after it got sued by the SEC for selling unregistered tokens and now, it is trying to recover from the blow.
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