XRP Momentum Strong, Bitcoin Price Retreats to $75K: Market Watch

Bitcoin price briefly surpassed $75,000 but then retreated. Meanwhile, XRP stands out among large-cap altcoins. The overall crypto market cap increased by over $40 billion.

Today, Bitcoin (BTC) briefly surpassed $75,000, but soon faced a bearish attack, causing the price to drop by about $1,000.

In this round of market fluctuations, many large-cap altcoins performed even better, especially XRP, which has become the top performer in this asset group.

Bitcoin Retreats from $75K High

According to data from CoinGecko, Bitcoin's market capitalization has fallen to just below $1.5 trillion, while its market dominance among altcoins remains stable at over 57%.

XRP Momentum Strong, Bitcoin Price Retreats to $75K: Market Watch插图
BTCUSD April 16. Source: TradingView

Altcoins Generally Rise

Ethereum (ETH) has maintained a price above $2,300, showing a slight increase, while BNB has surpassed $620. PEPE, DOT, NEAR, ICP, and AAVE have all seen price increases of over 5%. SIREN has re-entered the top 100 altcoins after a strong 16% pullback.

Since yesterday's low, the total market capitalization of the entire crypto market has increased by over $40 billion, currently exceeding $2.610 trillion on CoinGecko.

XRP Momentum Strong, Bitcoin Price Retreats to $75K: Market Watch插图1
Cryptocurrency Market Overview April 16. Source: QuantifyCrypto

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