Cryptocurrency price today: Bitcoin exceeded $97,000; XRP and Cardano rise by up to 11%

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

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

Another major one Alternative currencies It also saw notable gains. XRP It rose by 3.6% Solana It rose by 2.7% Cardano rose by an impressive 11.5%, and excellent By 9%. The global market value of cryptocurrencies rose by about 1.5%, reaching $3.41 trillion.

Read also: Crypto bros need to tone down their hopes for 2025: Andy Mukherjee“Bitcoin continues its bullish momentum, trading near the $97,000 level, and other major altcoins such as Ethereum, Solana, and Stellar are following suit. The Fear and Greed Index is on the rise, reflecting a positive shift in sentiment,” said Idul Patel, CEO of Mudrex. Investors.

“Currently, BTC is facing immediate resistance at $98,400, with support at $95,000,” Edul added. Read also: Small Indian cities are joining the cryptocurrency boom, expanding beyond major metrosShivam Thakral, CEO of BuyUcoin, commented: “The market has witnessed a significant rally in Bitcoin and major altcoins, supported by growing institutional interest in US exchange-traded funds (ETFs). These ETFs are close to achieving a significant milestone, with only $2.2 billion exceeds $110 billion in cumulative holdings, representing more than 5.7% of the total Bitcoin supply.”

The volume of all stablecoins now stands at $108.1 billion, representing 92% of the total 24-hour cryptocurrency market volume, according to data available on CoinMarketCap.

In the past 24 hours, the market value of Bitcoin, the world’s largest cryptocurrency, rose to $1.913 trillion. Bitcoin dominance currently stands at 56.22%, according to CoinMarketCap. Bitcoin volume in the past 24 hours increased by 41.6% to $41.3 billion.

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