Bitcoin Flirts With $27K as Ripple (XRP) Shocks With Unexpected Volatility

Bitcoin is trading almost flat on the week, despite this week’s volatility, but Ripple’s XRP shocked with an unexpected surge today.

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion.

Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re currently in the “ups” period for the past seven days. It had plummeted toward $26K earlier in the week but managed to recover (despite the major hiccups on Wednesday) to where it’s currently trading at.

On Wednesday, the BTC price shot up to around $26,750 (from $26K) only to drop miserably to that level once again. Fortunately for the bulls, yesterday and today, the bulls took control.

Most of the other cryptocurrencies are performing better. Ethereum (ETH) is up around 4%, TRX – about 6%, Solana – around 2.6%, and Chainlink, which is clearly the best performer from the major coins, is up almost 15%.

Posted using SoMee