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Price Analysis

Bitcoin Price hits new ATH, Ripple’s XRP also surges 38% on Christmas Eve



Bitcoin (BTC), Ethereum (ETH) and Ripple's XRP price analysis
  • Bitcoin’s new ATH is $24,596.34 USD.
  • BTC price surges almost 5.5% from the last 24h.
  • Ripple’s XRP price surges almost 36.35% after plunging more than 60% after SEC lawsuit.
  • XRP price at press time is $0.373281 USD

Today the Bitcoin price surges almost 5.5% and made a new all-time-high of $24,596.34 USD. It seems that it’s Merry Christmas for all the Bitcoin holders.

AT press time Bitcoin was trading at $24,464.38 USD and the price is up by almost 5.19% as per CoinMarketCap. The BTC dominance also increases to 68.2% in the whole cryptocurrency market.

At press time the market cap and 24h trading volume of BTC is $453,575,088,025 USD and $41,261,143,667 USD respectively.

More institutional players entering into the crypto industry is the main reason for the this year surge in various cryptocurrencies. Like PayPal, MassMutual, MicoStrategy etc entering in the crypto industry is a boost for the market.

On Dec 21st, MicroStrategy announces purchase of additional 29,646 bitcoins for approximately $650.0 million. The total aggregate purchase price now reaches $1.125 billion with an average purchase price of approximately $15,964 per bitcoin.

Now if we look at the Ripple’s XRP, the price is up by almost 32.61% and currently trading at $0.365745 USD at press time. The market cap and 24h trading volume for XRP is $16,869,593,583 USD and $15,972,875,145 USD respectively.

The XRP price plunges almost more than 60% after the SEC lawsuit against it. US Securities and Exchange Commission (SEC) sued both the founder and current CEO of tech company Ripple for raising more than $1.3 billion through an “unregistered securities offering” after selling their cryptocurrency XRP.

XRP was the 3rd largest cryptocurrency before the recent SEC price crash. XRP currently the 4th largest cryptocurrency market USDT being the 3rd. The market cap of XRP is $16,634,794,759 while that of USDT is $20,675,556,370 at press time.

Today the XRP price made a high of $0.380603 USD in the last 24h from press time. The 52 week high of Ripple’s XRP price is $0.768019 USD. The price of XRP rallied due to the Spark token airdrop.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.