XRP's 9% surge leads crypto as bitcoin climbs to 6-week high near $95,000
XRP surged 9% while Bitcoin hit a six-week high near $95,000, boosting crypto-related stocks significantly.Summary
Bitcoin (BTC) rose over 3% to $94,400, reaching its highest level since mid-November and approaching the key $95,000 mark. The rally was spearheaded by XRP, which jumped 9% to nearly $2.32, also marking its strongest level since mid-November after breaking key resistance. Crypto-related stocks experienced sharp gains, with Coinbase up nearly 9% following a Goldman Sachs upgrade, Bakkt soaring 30%, and Bitcoin miner Hut 8 rising 15%. Analysts suggest falling interest rates and tighter supply due to long-term holders could support a 2026 recovery for Bitcoin, but warn of headwinds like new U.S. tax reporting and regulatory risks. A sustained move above $100,000 is needed to aim for record highs, while a drop below that level could expose BTC to declines toward $77,500.
(Source：CoinDesk)