🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
XRP’s Market Cap Surpasses That of Wall Street Giant Goldman Sachs After Rising to 7-Year High
The price of the native token of the XRP Ledger has surged by more than 44.5% so far this year significantly outperforming the wider cryptocurrency market and boosting its market capitalization to nearly $200 billion.
The surge has seen XRP’s market cap surpass that of Wall Street giant Goldman Sachs, with data from Google Finance showing the financial institution currently has a market capitalization of $192 billion.
Meanwhile XRP boasts a $193 billion market capitalization after its price exploded, effectively cementing its position as the third-largest digital asset by the metric. It’s still far behind Ethereum’s $400 billion market cap, and Bitcoin’s $1.9 trillion.
XRPUSD chart via TradingView
XRP is outperforming the broader cryptocurrency market due to several factors, including a recent report from JPMorgan that indicates the potential for a spot exchange-traded fund (ETF) to attract billions of dollars in investor funds.
XRP, as most digital assets, started surging on expectations of a more crypto-friendly regulatory environment under President-elect Donald Trump’s administration. Anticipated policy shifts, including the establishment of a strategic Bitcoin reserve and the appointment of Paul Atkins as head of the SEC, have boosted investor confidence
Atkins, is worth noting, is seen as a crypto-friendly figure to head the regulator, which has been embroiled in a legal battle with Ripple — a major player in the XRP ecosystem — over the firm’s XRP sales.
Trump’s pro-crypto stance has seen many speculate that XRP could soon see the launch of a spot ETF offering exposure to it. Several companies have already filed for spot XRP ETFs, including Bitwise, Canary Capital, WisdomTree, and 21Shares. Ripple’s CEO Brad Garlinghouse has suggested such a fund is “just inevitable.”
Featured image via Pexels.