Towards the end of the month, Bitcoin (BTC) made a comeback close to the $60k per BTC mark before experiencing a correction. As the Bitcoin (BTC) experienced a correction, its price went below $58k per BTC for a brief amount of time before crossing the $58k per BTC mark.
Overall, Bitcoin (BTC) has experienced a positive trend with respect to its price, demand, and trade volume. As mentioned earlier, Bitcoin (BTC) did end up experiencing a price correction but soon, it managed to gain an increase in its price.
At the time of writing, the price of Bitcoin (BTC) is hovering between $58.8k and $59.5k per BTC figure. According to the recent stats, Bitcoin (BTC) is now looking stable above the $58.5k figure and now, it is set to hit all-time highs again.
Similar to Bitcoin (BTC), Ethereum has also started experiencing a steady and stable price run. The altcoin seems to be gaining a lot of momentum and growth in terms of its price and capitalization. In the past few days, Ethereum (ETH) has experienced a surge in its price again and traded at around $1,945.
Soon after hitting the $1,945 figure and hovering around it, Ethereum’s price has experienced a correction only to again make it back to the $1,900+ per ETH mark. At the time of writing, the price of Ethereum (ETH) is hovering around the $1,937 figure.
According to the reports, Ethereum (ETH) will soon be introducing its L2 Scaling Solution. This solution would offer a faster and higher volume of transactions in a single go. This would eventually help Ethereum (ETH) lower the cost of gas fees getting lowered per Ethereum (ETH) transaction.
Then there is Ripple (XRP), which despite being penalized by the US Securities and Exchange Commission, has managed to survive. Even though it is currently facing a lawsuit, XRP has still managed to observe stability with respect to its price. At the time of writing, the price of XRP is $0.55 per token.
Analysts are predicting that its price may experience a surge and it may end up observing a high price of $0.60 per token in the upcoming days. When it comes to the lawsuit, the ball seems to be in XRP’s court as the US SEC has to face a difficult time at the hearings.
Many attendees at the hearings have claimed that the US SEC has failed to provide any proofs or documents that would suggest that XRP is involved in selling its securities illegally in the U.S.
This has already reinstated a lot of confidence back into the stakeholders and investors that had become skeptical about XRP. In the light of the above events, it is being speculated that XRP may experience another boost that could take its price close to $1 per token or more.