Latest news with #altcoin
Yahoo
a day ago
- Business
- Yahoo
Solana Takes the Altcoin Rally Baton as ETH, XRP, BTC Stall
With bitcoin (BTC) languishing around $117,000 and ether (ETH) pausing below $3,800 on Monday, it was Solana's (SOL) turn to catch-up with the broadening altcoin rally. SOL advanced nearly 8% over the past 24 hours to just shy of $200 during the session, its strongest price since mid-February and has more than doubled from the April, tariff tantrum lows. The token is also nearing a two-month high in BTC terms, attempting a rebound after a brutal, 50% correction against the largest crypto from the January peak. The rest of the large-cap tokens saw muted actions, with XRP (XRP), Cardano's ADA (ADA) and BNB (BNB) booking modest gains. BTC was down nearly 1% during the same period. As bitcoin has been trading sideways in a tight range for more than a week, altcoins gathered steam booking double-digit advances. "This dynamic suggests that capital rotation is underway, with investors reallocating from BTC into higher-beta assets to capture additional upside," Bitfinex analysts said in a Monday report. This has historically signaled the beginning of altcoin-led phases within broader bull markets, the report added. While Ethereum recently stole the crypto narrative spotlight as the go-to network for stablecoins, tokenization amid institutional and corporate treasury demand, Solana that has been the premier hub for fast-paced memecoin trading lagged initially. Coinbase analysts, lead by head of research David Duong, said both tokens will benefit from the broadening crypto rally as institutional interest driven by U.S. efforts to regulate the sector. "Solana, despite a moderation in its memecoin-driven activity, is demonstrating its capacity for high transaction volumes and exploring new sectors," David Duong, head of research at Coinbase, said a report. "We see both ETH and SOL being supported by institutional interest and their beta to the rest of the crypto complex." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
7 days ago
- Business
- Forbes
Ether Prices Surpass $3,400 As Stronger 'Risk Appetite' Fuels Gains
Gold coin ethereum stacked on a bright background of business graphics close-up. Crypto-currency ... More ETH. Anonymous. Virtual currency Ether prices experienced some notable gains on Wednesday, July 16, rising above $3,400 and attaining their highest value in roughly six months as the digital currency benefited from investors' increasing appetite for risk, according to analyst Tom Bruni. 'The recent rally in Ethereum is one of growing risk appetite that we're seeing across asset classes,' Bruni, editor-in-chief & VP of community at Stocktwits, said via email. 'If we think of Bitcoin as the S&P 500, then Ethereum is the Russell 2000, representing the 'small-cap' market segment investors bet on when they want to maximize their potential upside,' he continued. 'Ethereum treasury companies, such as Bitmine Immersion Technologies ($BMNR) have emerged, backed by high-profile investors like Fundstrat's Tom Lee and billionaire investor Peter Thiel. This helped propel Ethereum back into the center of conversation among retail investors and offered a potential catch-up play in the crypto market for those who didn't want to chase Bitcoin higher after its recent rally,' said Bruni. 'Overall, there's tremendous risk appetite in the altcoin market right now, with the top trending coins on Cryptotwits being Ethereum, Ripple, Bonk, Chad, and Floki, among others. This momentum is giving traders a chance to play 'catch up' if they missed out on the broader rally,' he added. 'Additionally, the consolidation that began in early May experienced a failed breakout around June 10th and a failed breakdown two weeks later. This uncertainty shook both bulls and bears out of their positions, so when we finally saw confirmation to the upside last week, many traders jumped back into the market,' Bruni continued. Mike Cahill, CEO of Douro Labs, also weighed in. 'What we're seeing with Ethereum's rally right now is a signal that indicates a broader shift in market sentiment around decentralized infrastructure,' he stated through emailed commentary. 'With spot ETH ETFs nearing approval and institutional interest rising, investors are pricing in Ethereum's role as a significant component to the evolution of tokenized assets and programmable finance,' said Cahill. 'The rally is also being supported by a wave of Layer 2 activity, real-world asset experimentation, and increasing clarity around Ethereum's economic model—all elements that are contributing to current investor appetite,' he stated. Tim Enneking, managing partner of Psalion, also offered his perspective on what has drove ether's latest gains. 'After lagging so badly for so long, ETH is finally making a move,' he stated via email. 'Part of this is simply the beginning of the long-overdue alts rotation, which used to be as predictable as the BTC halving cycle, but is woefully late this time around,' said Enneking. 'Part of the move is due to the massive growth in options and futures, which naturally exaggerate any move (or lack thereof) as ETH open interest just hit an all-time high of almost $50B,' he continued. 'Another reason is the increased on-chain activity on Ethereum, due directly to the recent improvement in Ethereum dev production and timing – after several years of being, well, complacent,' noted Enneking. 'Finally, the BTC/ETH ratio had just gotten too far out of balance to be sustainable. BTC dominance was approaching 2/3 of the entire market, levels not seen in almost four years, while ETH had fallen below 10% -- also not seen since 2021,' he stated. 'As a result, just two months ago, one could purchase over 55 ETH for a single BTC. Today, that has plunged to less than 35, although there appears to be some BTC support at that level.' The YouTuber who goes by Wendy O also contributed her input, speaking to a combination of different factors. 'What really fueled the Ethereum rally are the Ethereum treasury companies such as SharpLink Gaming Inc. and Tom Lee's company. Also, it was reported earlier this week that 29% of the Ethereum supply has been staked,' she stated via email. 'But ultimately, I think the excitement of Crypto week over in DC and the potential opportunity of the genius act, anti-CBDC act and clarity act getting past this week is getting people excited," said the influencer, referring to the various bills being considered by the U.S. House of Representatives.
Yahoo
12-07-2025
- Business
- Yahoo
It's not just Bitcoin: Altcoin XRP's price is also rising. Here's a possible reason why
Earlier today, Bitcoin hit an all-time high of over $118,000 per token, giving many crypto investors hope that the digital coin king may soon surpass the psychologically important barrier of $120,000. What is fractional leadership, and why is it booming now? 5 companies that could hit a $4 trillion market cap after Nvidia Slurpee Day 2025: How to get your free frozen treat at 7-Eleven, Speedway, and Stripes today But Bitcoin isn't the only cryptocurrency significantly on the rise today. The altcoin XRP is also up today—more than 13% over the past 24 hours as of the time of this writing. Here's a possible reason why. In the world of cryptocurrency, you have one king, Bitcoin. Keeping in line with the nobility nomenclature, the title of prince belongs to Ethereum, the second-largest crypto by market cap. The title of duke, then, would go to XRP, the third-largest crypto by market cap. All Bitcoins in the world currently have a market cap of about $2.3 trillion, while Ethereum sits at about $361 billion, and XRP hovers around $161 billion. XRP, then, is one of the bigger so-called altcoins on the market. According to Yahoo Finance data, the current price of XRP (XRP–USD) is right around $2.76 per token. One of the largest holders of XRP is Ripple Labs Inc., a company that offers digital cross-border payment solutions like the decentralized RippleNet. Over the past 24 hours, XRP has seen a significant increase. As of the time of this writing, the coin is trading at around $2.7636 apiece. That's a more than 13% gain in the last day. But why is XRP surging? Any rise or fall in any crypto is usually linked to more than one reason, but over the past few days, investors seem to be more bullish on XRP—and perhaps thanks in part to a specific event. As noted by The Coin Telegraph, on Wednesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing called 'From Wall Street to Web3: Building Tomorrow's Digital Asset Markets.' The event covered a number of topics, as noted by Bitcoin Magazine, including the regulatory environment surrounding crypto. One of the witnesses at the event was Ripple Labs' CEO Brad Garlinghouse. Since that event, XRP has steadily increased. Garlinghouse's presence at the event seems to suggest to some investors that Ripple may have a growing involvement with policymakers in Washington. If so, it may help boost the appeal of XRP, which Ripple owns a lot of. Of course, whether Ripple Labs actually has an increasing involvement with policymakers in D.C. remains to be seen—and even if they do, it doesn't mean XRP is guaranteed any kind of upward trajectory. Still, over the past five days, XRP has surged 20%. While XRP's five-day jump of 20% seems impressive, it's nothing compared to what the coin has done over the past 12 months. Since last July, XRP has surged a staggering 507%, according to data from Yahoo Finance. That's an astounding return compared to its peers. Bitcoin, for example, is up just over 105% in the same period, and Ethereum is down just over 3%. This post originally appeared at to get the Fast Company newsletter:
Yahoo
12-07-2025
- Business
- Yahoo
Token founded by Ripple co-founder gains 70% in a week
Token founded by Ripple co-founder gains 70% in a week originally appeared on TheStreet. As Bitcoin hit a record high of $118,856.47 on July 11, it also provided a tailwind for altcoins to rally. While other altcoins posted impressive gains, one token that usually remains under the radar took everyone by surprise — one shot ahead by a mile. Over the last seven days, Bitcoin has surged by 8.7%, Ethereum 17.6%, XRP 26.4%, Solana 9.5%, Dogecoin 22.2%, and ADA 25.7%. However, this less-discussed altcoin has posted a weekly gain of 70%. We are talking about Stellar Lumens (XLM) that reached as high as $0.4131 on July 12, its highest point since early by Ripple co-founder Jed McCaleb in 2014, Stellar Lumens doesn't seem to create as much noise as XRP or other altcoins within the crypto community. However, its recent rally has sent the crypto community into a state of euphoria. Popular crypto handle on X, @LLuciano_BTC, highlighted how XLM is outperforming many of its competitors. With a market cap of $12.5 billion, XLM is the twelfth-largest cryptocurrency. Its trading volume within the last 24 hours is $2.7 billion. BitMEX co-founder Arthur Hayes, a prominent voice in the crypto circles, urged the community to "get ready for a monster alt szn," given BTC has hit a record high and ETH is also following in its footsteps. To gauge whether an alt season is underway, a key metric to analyze is Bitcoin dominance. It refers to BTC's share of the total crypto market cap. When Bitcoin dominance dips, it means altcoins are gaining more market cap, pointing toward an alt season. As per TradingView, Bitcoin dominance stood at 64.60% at the time of writing. The metric doesn't indicate any sign of an upcoming alt season, even if altcoins such as XLM are going through the roof. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Token founded by Ripple co-founder gains 70% in a week first appeared on TheStreet on Jul 12, 2025 This story was originally reported by TheStreet on Jul 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
11-07-2025
- Business
- Fast Company
It's not just Bitcoin: Altcoin XRP's price is also rising. Here's a possible reason why
Earlier today, Bitcoin hit an all-time high of over $118,000 per token, giving many crypto investors hope that the digital coin king may soon surpass the psychologically important barrier of $120,000. But Bitcoin isn't the only cryptocurrency significantly on the rise today. The altcoin XRP is also up today—more than 13% over the past 24 hours as of the time of this writing. Here's a possible reason why. What is XRP? In the world of cryptocurrency, you have one king, Bitcoin. Keeping in line with the nobility nomenclature, the title of prince belongs to Ethereum, the second-largest crypto by market cap. The title of duke, then, would go to XRP, the third-largest crypto by market cap. All Bitcoins in the world currently have a market cap of about $2.3 trillion, while Ethereum sits at about $361 billion, and XRP hovers around $161 billion. XRP, then, is one of the bigger so-called altcoins on the market. According to Yahoo Finance data, the current price of XRP (XRP-USD) is right around $2.76 per token. One of the largest holders of XRP is Ripple Labs Inc., a company that offers digital cross-border payment solutions like the decentralized RippleNet. Why is XRP surging? Over the past 24 hours, XRP has seen a significant increase. As of the time of this writing, the coin is trading at around $2.7636 apiece. That's a more than 13% gain in the last day. But why is XRP surging? Any rise or fall in any crypto is usually linked to more than one reason, but over the past few days, investors seem to be more bullish on XRP—and perhaps thanks in part to a specific event. As noted by The Coin Telegraph, on Wednesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing called 'From Wall Street to Web3: Building Tomorrow's Digital Asset Markets.' The event covered a number of topics, as noted by Bitcoin Magazine, including the regulatory environment surrounding crypto. One of the witnesses at the event was Ripple Labs' CEO Brad Garlinghouse. Since that event, XRP has steadily increased. Garlinghouse's presence at the event seems to suggest to some investors that Ripple may have a growing involvement with policymakers in Washington. If so, it may help boost the appeal of XRP, which Ripple owns a lot of. Of course, whether Ripple Labs actually has an increasing involvement with policymakers in D.C. remains to be seen—and even if they do, it doesn't mean XRP is guaranteed any kind of upward trajectory. Still, over the past five days, XRP has surged 20%. XRP jumps 500% over the past 12 months While XRP's five-day jump of 20% seems impressive, it's nothing compared to what the coin has done over the past twelve months. Since last July, XRP has surged a staggering 507%, according to data from Yahoo Finance. That's an astounding return compared to its peers. Bitcoin, for example, is up just over 105% in the same period, and Ethereum is down just over 3%.
