XRP, BTC Price News: Bitcoin Jumps Above $111K, XRP, Solana, Ether Rally as Nikkei Hits Record High
Bitcoin surpassed $111,000, leading a rally in major cryptocurrencies, supported by record highs in Japanese shares and better-than-expected Chinese GDP data.Summary
Major cryptocurrencies experienced a recovery rally on Monday, with Bitcoin (BTC) climbing above $111,000, up 3.7% in 24 hours. Other tokens like Ether (ETH), XRP, and Solana (SOL) also rose between 3% and 5%. This market movement was supported by positive signals from traditional markets, including Japan's Nikkei index hitting a record high above 49,000 points, partly due to political developments favoring expansionary fiscal policy. Additionally, China's third-quarter GDP growth exceeded estimates at 4.8% year-on-year, and the dollar index slightly declined, benefiting dollar-denominated assets. On-chain data also provided bullish cues, as Bitcoin's Realised Value to Transaction Ratio (RVT) dropped, which historically precedes major bull phases by indicating accumulation and transfer activity.
(Source：CoinDesk)