News - Bitcoin and Solana near all-time high - Ripple continues to rise

By Ted Maas

Bitcoin and Solana near all-time high - Ripple continues to rise

The week begins with another attempt by Bitcoin to reach its all-time high. Solana is also nearing its all-time high, while XRP continues to rise unabated.

On Nov. 18, Bitcoin set another course toward its record high. Around 8 a.m., the leading crypto currency briefly rose above $92,000 (€86,400) and at the time of writing stands at $91,830 (€86,250).

With only 1.8 percent to go to its all-time high of $93,495 (€87,750), many crypto experts expect BTC to break through the $100,000 (€93,750) mark before the end of this year. Michael Saylor already has a party planned.

On the list of most valuable assets in the world, this small rise has pushed Bitcoin back into seventh place, ahead of Saudi Aramco, the world's largest oil company. Digital gold now has a total value of $1.8 trillion (€1.69 trillion).

Whether Ethereum follows is still uncertain. The second-largest cryptocurrency in terms of market capitalization remains steady at $3,130 (€2,940).

XRP and Solana outperform the market

Compared to other altcoins in the top 10, the price increases of BTC and ETH pale in comparison. XRP, Ripple's crypto currency, steals the show with an increase of a whopping 102 percent over the past seven days. A consolidation seems unlikely for now, as in the past 24 hours XRP rose another seven percent to $1.16 (€1.09).

Solana also continues to perform strongly. With a current price of $241 (€226), SOL is only seven percent away from its all-time high, reached on Nov. 6, 2021.

FOMO and market sentiment

DOGE seems to be finding momentum again after a recent decline, which could lead to a resurgence in memecoin mania. The Fear & Greed Index stands at 84, indicating extreme greed among investors. This explains the unbroken enthusiasm in the market.

Conclusion

With Bitcoin and Solana close to their records and XRP in a sustained rally, the crypto market continues to attract attention. Whether this momentum continues depends on further market developments and investor psychology.

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