XRP, Solana (SOL), and Dogecoin (DOGE) registered gains of 5.91%, 2.88%, and 3.36% respectively on Friday. As Bitcoin (BTC) remains stable around the $97,000 mark, these three altcoins are setting the stage for recovery, boosting the rankings of altcoins within the top 50 cryptocurrencies by market capitalization on CoinGecko.
Bitcoin’s (BTC) price has been trading within the range of $94,000 to $100,000 for the past ten days, and as of Friday’s writing, it hovers around $97,000. In spite of this consolidation, data on US Bitcoin spot Exchange Traded Funds (ETFs) reflected a total net outflow of $650.80 million up to Thursday, indicating potential weakness among institutional investors. Additionally, US macroeconomic data and Trump’s advocacy for a peace deal in Russia-Ukraine have influenced Bitcoin prices this week.
Today, over $2.5 billion in Bitcoin and Ethereum options expire, raising concerns about market volatility as traders closely monitor price fluctuations.
