XRP soars, while Ethereum faces selling pressure

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XRP soars, while Ethereum faces selling pressure
CryptocurrenciesIntermarketTechnical Analysis
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The crypto market is showing overall growth, with a total cap of $3.32 trillion (+0.5% in 24 hours).

Market picture The crypto market is showing overall growth, with a total cap of $3.32 trillion . However, bitcoin is barely rising, with Ethereum down 3% from Thursday's peak, while XRP is up around 9% after hitting 2021 highs at the peak of the day's momentum. At the start of trading on Friday, bitcoin was back near $97K, where it last stood on Wednesday. Reduced liquidity due to the US holiday curbed volatility, leaving BTC/USD in the middle of the $92-100K trading range.

Holdings, the largest publicly traded mining company, bought 6,474 BTCs for ~$618 million following a $1 billion convertible bond offering. The average purchase price was $95.395 per coin. The company's bitcoin reserves reached 34,794 BTC, worth approximately $3.3 billion. The mayor of Vancouver, Canada, unveiled a plan to use BTC to diversify the city's coffers and become a bitcoin-friendly city.

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