Bitcoin is on the brink of reaching six figures for the first time, continuing its record-breaking rally. While this milestone marks a historic moment for the worldâs largest cryptocurrency, altcoins are also basking in the spotlight with remarkable gains of their own.
XRP and ADA are two top altcoins that have emerged as this extended rallyâs biggest gainers.
According to the latest analysis by popular crypto analytic platform Santiment, there has been a significant shift in market dynamics as altcoins capture growing attention while Bitcoin calms after its historic rally to $98,362. Altcoins such as Ripple, Cardano, Stellar, Hedera, Mantra, and Algorand have demonstrated remarkable weekly gains, with increases of 52%, 41%, 83%, 87%, 110%, and 44%, respectively.
These trends highlight the redistribution of profits from Bitcoin to altcoins, driven by heightened social volume and renewed investor interest. Bitcoinâs ability to maintain its critical support at $95,000 will be key in determining whether this altcoin momentum persists throughout November.
In addition to the redistribution of profits from Bitcoin, it is also important to note that altcoins flagged by the SEC rallied after Chair Gary Gensler revealed he would step down in January. A vocal critic of the crypto industryâs practices, Genslerâs departure follows President-elect Donald Trumpâs pledge to remove him if reelected.
For instance, XRPâs latest surge helped it reclaim $1.4 â a level not seen since May 2021, fueled by hopes for resolution in Rippleâs ongoing legal battle with the SEC.
Meanwhile, Cardanoâs ADA reached a high of $0.86, marking its highest level since April 2022.
Amid this broader altcoin rally, Ethereum has rebounded to $3,360, with on-chain data suggesting increased trading activity. Santimentâs dashboard reveals significant Ethereum deposits into centralized exchanges like Binance and Deribit. Such a trend typically indicates potential sell-offs or strategic reallocations by high-net-worth traders.
Notable inflows from top wallets further highlight Ethereumâs role in the ongoing market recalibration. While Bitcoin continues to flirt with breaking its all-time high, Ethereum and other altcoins are benefiting from profit rotation and renewed speculative interest. There is a market-wide shift as traders diversify portfolios and explore opportunities beyond Bitcoinâs dominance, signaling a potentially prolonged altcoin season.
The post Cardano (ADA) and Ripple (XRP) Lead Altcoin Gains as Bitcoin Flirts with $100K appeared first on CryptoPotato.
XRP and ADA are two top altcoins that have emerged as this extended rallyâs biggest gainers.
XRP and ADAâs Explosive Growth
According to the latest analysis by popular crypto analytic platform Santiment, there has been a significant shift in market dynamics as altcoins capture growing attention while Bitcoin calms after its historic rally to $98,362. Altcoins such as Ripple, Cardano, Stellar, Hedera, Mantra, and Algorand have demonstrated remarkable weekly gains, with increases of 52%, 41%, 83%, 87%, 110%, and 44%, respectively.
These trends highlight the redistribution of profits from Bitcoin to altcoins, driven by heightened social volume and renewed investor interest. Bitcoinâs ability to maintain its critical support at $95,000 will be key in determining whether this altcoin momentum persists throughout November.
In addition to the redistribution of profits from Bitcoin, it is also important to note that altcoins flagged by the SEC rallied after Chair Gary Gensler revealed he would step down in January. A vocal critic of the crypto industryâs practices, Genslerâs departure follows President-elect Donald Trumpâs pledge to remove him if reelected.
For instance, XRPâs latest surge helped it reclaim $1.4 â a level not seen since May 2021, fueled by hopes for resolution in Rippleâs ongoing legal battle with the SEC.
Meanwhile, Cardanoâs ADA reached a high of $0.86, marking its highest level since April 2022.
Ethereumâs Price Rebounds
Amid this broader altcoin rally, Ethereum has rebounded to $3,360, with on-chain data suggesting increased trading activity. Santimentâs dashboard reveals significant Ethereum deposits into centralized exchanges like Binance and Deribit. Such a trend typically indicates potential sell-offs or strategic reallocations by high-net-worth traders.
Notable inflows from top wallets further highlight Ethereumâs role in the ongoing market recalibration. While Bitcoin continues to flirt with breaking its all-time high, Ethereum and other altcoins are benefiting from profit rotation and renewed speculative interest. There is a market-wide shift as traders diversify portfolios and explore opportunities beyond Bitcoinâs dominance, signaling a potentially prolonged altcoin season.
The post Cardano (ADA) and Ripple (XRP) Lead Altcoin Gains as Bitcoin Flirts with $100K appeared first on CryptoPotato.
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