Bitcoin Reclaims $100,000 as XRP and Dogecoin See Market Volatility

Cryptocurrency prices fluctuate following inflation data, regulatory developments, and liquidations of leveraged positions.

Bitcoin has rebounded above $100,000 after briefly dipping to $95,000, with analysts pointing to inflation data and expectations of interest rate cuts as contributing factors.
XRP surged 286% over the past month but experienced significant volatility, dropping below $2 before recovering to $2.44 following Ripple Labs' regulatory approval for its RLUSD stablecoin.
Dogecoin and other meme coins have faced sharp declines, with Dogecoin dropping over 10% within 24 hours and settling around $0.415, while Shiba Inu fell by 12%.
The broader cryptocurrency market has seen a wave of liquidations totaling over $1.5 billion, driven by profit-taking and market corrections after a historic rally fueled by optimism over pro-crypto U.S. regulatory appointments.
Institutional interest in crypto remains strong, with record inflows into Bitcoin ETFs and significant activity from XRP whales, signaling continued market engagement despite recent volatility.