XRP has surged by 18.8% in the last 24 hours. In this way, the fourth largest virtual currency in the world registered the largest growth over the last 7 days among the top 10. In addition to it, Ethereum (ETH) was able to surpass $500. The entire crypto market remains bullish.
XRP, ETH and Altcoins Move Higher
The entire cryptocurrency market is moving higher. This can be seen in how the largest altcoins are behaving. XRP has moved by over 20% in the last 24 hours. It moved from $0.299 to $0365, showing that the Ripple project continues to be alive.
The goal will be to surpass Tether (USDT) as the third-largest virtual currency in the world. It is worth mentioning that USDT was able to get the third position in the market with a total valuation of $18.37 billion. XRP has currently a market cap of $16.57 billion.
At the same time, Ethereum is also showing that it is ready to move higher. The second-largest virtual currency in the world was able to surpass $512 and it continues to move in the right direction. In the last 7 days, this virtual currency registered a 10% growth.
The other cryptocurrency that has also attracted a large number of investors is Litecoin (LTC). Litecoin was able to leave the $50 region and skyrocket to $83, where it is currently being traded. Alongside Ethereum, Litecoin was the virtual currency that allowed the entire market to move higher.
Litecoin and XRP became the largest gainers in the last 7 days among the top 10. While XRP grew by over 36.64%, Litecoin moved higher by 30.84%.
The whole cryptocurrency market is currently expanding. Enthusiasts and investors have never been more bullish about the market than now. It may be possible for Bitcoin and other virtual currencies to reach new highs in the near future.
Bitcoin is now being traded above $18,700. This leaves Bitcoin just a $1,300 away from its record at $20,000. The interesting thing is that this bull market is that crypto liquidity in exchanges is also falling. That means that there are fewer BTC deposited in trading platforms.
As shown by Crypto Quant, this could be very bullish for Bitcoin. Usually, when the price of BTC spiked, users deposited funds in exchanges to sell them. Nowadays, the situation is different. We see Bitcoin surging and investors withdrawing their BTC.