logo

XRP Defies Market Correction Trend, BTC Price Slips Below $103K (Market Watch)

By: cryptopotato|2025/05/13 17:30:06
0
Share
copy
Bitcoin’s price ascent came to a halt yesterday at almost $106,000, where the asset faced a violent rejection that pushed it south to under $101,000 before it staged a minor recovery.Most altcoins have turned red today after the recent gains, led by a massive price slump from PI.BTC Stopped at $106KAfter trading sideways for about a week at around $94,000 and $96,000, bitcoin finally broke above the upper boundary last week and quickly shot above $100,000. Since that date (May 8), the cryptocurrency has remained well within six-digit territory.Its price climb continued in the past few days, even during the calm weekend, perhaps due to the positive developments on the US-China trade front. The culmination came yesterday as both countries announced a pause in the tariffs, and BTC spiked to a new four-month peak of just under $106,000.However, the bears finally reemerged at that point and stopped the asset’s rise. In a matter of a few hours, BTC slumped hard and dropped below $101,000 for the first time in almost a week.Nevertheless, it has bounced off and now trades close to $103,000. Its market cap has remained at around $2.040 trillion, while its dominance over the alts has recovered some ground and is up to 59.8% on CG.BTCUSD. Source: TradingViewAlts Back in RedMost altcoins registered massive gains in the past week or so, and expectedly, have corrected over the past day. Some of the biggest price drops come from the meme coin space, with DOGE, SHIB, PEPE, and WIF dropping by around 10%.PI has dumped the most from the largest 100 alts, having lost 25% of value and trading below $1.15 now.In contrast, XRP is the only exception with minor daily gains, having tapped $2.5. Ripple’s cross-border token neared $2.7 yesterday but was rejected at that point.The total crypto market cap has lost almost $100 billion since yesterday’s peak and is down to $3.42 trillion on CG.Cryptocurrency Market Overview. Source: QuantifyCryptoThe post XRP Defies Market Correction Trend, BTC Price Slips Below $103K (Market Watch) appeared first on CryptoPotato.

You may also like

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

21:42

BlackRock transferred 12,080 ETH and approximately 113 BTC to a Coinbase Prime address

According to market news, after not conducting any outflow transactions in the past week, BlackRock transferred 12,080 ETH, worth approximately $27.94 million, to a Coinbase Prime address through its Ethereum exchange-traded fund ETHA; additionally, it transferred 113.342 BTC, worth $8.81 million, t...
21:42

South Africa plans to include cryptocurrency assets in the foreign exchange control framework

The South African Treasury has released the "Draft Regulations on Capital Flow Management for 2026" and is seeking public comments. The draft aims to restructure the current foreign exchange control framework based on the "Currency and Exchange Act," focusing on: aligning with the OECD and FATF reco...
21:42

Data: The current whale position on the Hyperliquid platform is 3.66 billion USD, with a long-short position ratio of 1.03

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.66 billion, with long positions of $1.854 billion, accounting for 50.64% of the holdings, and short positions of $1.807 billion, accounting for 49.36%. The profit and loss for long positions is $2.9172 m...
21:42

The European Central Bank has signed agreements with three standard organizations to reduce the access costs of the digital euro

The European Central Bank (ECB) has signed agreements with European Card Payment Cooperation, Nexo Standards, and Berlin Group to reuse existing open payment standards for digital euro transactions, aiming to reduce the system access costs for banks, merchants, and payment service providers.The rele...
21:42

Data: In the past 24 hours, the total liquidation across the network was 178 million USD, with long positions liquidated at 92.15 million USD and short positions liquidated at 85.88 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $178 million, with long positions liquidated at $92.15 million and short positions liquidated at $85.88 million. Among them, Bitcoin long positions were liquidated at $26.8465 million, Bitcoin short posit...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com