While Bitcoin (BTC) is yet to decisively overcome $36,000, Ripple (XRP) has charted impressive gains and has surged to $1.
Bitcoin continued with its recent price swings in the past 24 hours but the latest push has taken it to just over $36,000. Most alternative coins are also somewhat indecisive except for XRP. Ripple’s native digital asset has surged by 15% to $1.
Bitcoin’s $3K Price Swings
Following the latest rejection at the $40,000 price line, bitcoin has been gradually declining in value. The primary cryptocurrency dropped to $35,000 on Friday, and the weekend brought more adverse developments.
CryptoPotato reported the latest price dip in which the asset fell to a five-day low beneath $33,500. Although the bulls took control and recovered $3,000 in hours, the price swings were far from over.
Bitcoin kept losing value which resulted in yet another dip to $34,000. Nevertheless, the asset reclaimed some ground since then and currently stands above $36,000.
Its market capitalization, though, is still beneath $700 billion. The market dominance, comparing BTC’s market cap with the altcoins, sits around 43%.
