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Crypto Market This Week: BTC & XRP Shine Ahead Of Trump's Presidential Inauguration

Let's take a closer look at the latest developments in the crypto world.
Bitcoin (BTC) Hits $105K Level
Bitcoin (BTC) has been on a wild ride this week, starting with a drop to the $90K level before surging back up to the $105K level. This recovery was welcomed by many traders and investors who were worried about the recent market downturn. Many experts believe that this surge was triggered by institutional investors jumping back into the market and increasing their BTC holdings. The world's largest cryptocurrency by market cap is now back on track to reach its all-time high of $64K and potentially break new records in the coming weeks. Ripple's XRP Soars by 30%
Ripple's XRP made headlines this week with a massive surge of nearly 30% in just seven days. This spike was mainly driven by the news of Ripple partnering with major financial institutions to enable cross-border payments using XRP. The partnership has sparked optimism among investors, with many predicting that this could be a game-changer for XRP. The cryptocurrency is now trading at $1.50 and could potentially see further gains in the upcoming days. Ethereum (ETH) Continues to Impress
Ethereum (ETH) has been one of the top-performing cryptocurrencies this year, and this week was no exception. The second-largest cryptocurrency by market cap saw a 10% increase in its price, reaching a high of $2,500. This surge can be attributed to the growing popularity of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade. With more developers building on the Ethereum network and the increasing demand for DeFi, ETH's price is expected to continue its upward trend. Trending Hashtags and Crypto Tickers
As always, the crypto community has been abuzz with various trending hashtags and crypto tickers. #BTC, #ETH, #XRP, and #crypto have been trending on social media platforms, with users sharing their thoughts on the latest market movements. Traders and investors have also been closely monitoring the prices of top cryptocurrencies, including #BTCUSD, #ETHUSD, and #XRPUSD. With the market showing signs of recovery, these hashtags and tickers are likely to continue trending in the coming days. Final Thoughts
Overall, it has been an eventful week for the crypto market, with many positive developments and price surges. As we head into the next week, all eyes will be on Bitcoin and whether it can break its previous all-time high. Meanwhile, traders and investors will continue to closely monitor the market and stay updated on the latest trends and news. Stay tuned for more exciting updates in the world of crypto.


Sentiment Result: Positive

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