ADA, XRP Take Main Stage With 8% Gains, BTC Consolidation Continues (Weekend Watch)
2025-01-12
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Bitcoin’s calmness over the weekend continues as the asset has failed to make a major move from its tight range between $94,000 and $95,000.
In contrast, several altcoins, such as XRP, ADA, and XLM, have posted significant gains over the weekend, while SUI has plunged hard.ADA, XLM, XRP on the Rise
Asreportedon Saturday evening, Ripple’s cross-border token stole the show with a massive surge from $2.33 to $2.5. The asset kept climbing in the following hours and tapped a multi-week peak of $2.6 beforecorrectingslightly to $2.52 now.
Cardano’s native token is the other massive gainer from the larger-cap alts. ADA has soared by nearly 9% over the past day and now sits at the coveted resistance level of $1. XLM has also gone on a tear, surging by more than 7% and now trading close to $0.45.
In contrast, SUI has dumped by over 3% to $4.82, while TRX, SHIB, and BNB are also slightly in the red. On the other hand, ETH, SOL, DOGE, AVAX, TON, LINK, HBAR, and DOT have marked minor gains over the past 24 hours.
The cumulative market capitalization of all crypto assets has remained at essentially the same spot as yesterday at just shy of $3.450 trillion on CG.BTC Calms at $94K
The primary cryptocurrency had a highly eventful and volatile trading week in which it soared past $102,000 on Tuesday, only to crash by more than ten grand in the next 48 hours. This multi-week low took place on Thursday as BTC came close to breaking below $91,000 and even $90,000.
More volatility ensued in the following hours, with a jump toward $96,000 and a rejection that pushed it back to almost $92,000.
However, the bulls managed to defend the latter and pushed BTC to $94,000 where it has spent most of the weekend, aside from a brief spike to $95,000.
As such, bitcoin’s market cap remains at $1.865 trillion on CG, but its dominance over the alts is down to 54.2%.