Crypto Price Today: Bitcoin breaks above $97,000; XRP, Cardano surge by up to 11%

Bitcoin extended its rally on Friday, briefly surpassing the $97,000 mark as the cryptocurrency moved towards the critical $100,000 resistance level. This level has proven difficult for Bitcoin to breach over the past two weeks.

At 11:49 am IST, Bitcoin was trading at $96,777, up 1.5%, with an intraday high of $97,739. Meanwhile, Ethereum rose by 1.6%, trading at $3,452.

Other major altcoins also saw notable gains. XRP climbed by 3.6%, Solana rose by 2.7%, Cardano surged an impressive 11.5%, and Stellar increased by 9%. The global crypto market cap grew by around 1.5%, reaching $3.41 trillion.


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“Bitcoin continues its upward momentum, trading near the $97,000 mark, with other major altcoins like Ethereum, Solana, and Stellar following suit. The Fear-Greed Index is on the rise, reflecting a positive shift in investor sentiment," said Edul Patel, CEO of Mudrex.

“Currently, BTC is facing immediate resistance at $98,400, with support at $95,000," Edul added.

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Shivam Thakral, CEO of BuyUcoin, commented, “The market has witnessed a remarkable surge in Bitcoin and major altcoins, fuelled by growing institutional interest in U.S. spot Bitcoin exchange-traded funds (ETFs). These ETFs are nearing a significant milestone, just $2.2 billion from crossing $110 billion in cumulative holdings, representing over 5.7% of the total Bitcoin supply."

The volume of all stablecoins is now $108.1 billion, which is 92% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.913 trillion. Bitcoin's dominance is currently 56.22%, according to CoinMarketCap. BTC volume in the last 24 hours surged 41.6% to $41.3 billion.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)