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The crypto assets market experienced some fluctuations this weekend. The price of Bitcoin (BTC) fell from recent highs, while Ripple (XRP) unexpectedly broke through its previous downturn.
Bitcoin surged to a two-month high of $66,500 on Friday but then experienced a pullback. By the weekend, the price of BTC had fallen back to around $66,000. Nevertheless, Bitcoin still recorded an increase of about 4% this week, with a market capitalization maintained at around $1.3 trillion. Notably, Bitcoin's dominance in the Crypto Assets market has risen to 53.9%.
Meanwhile, most other mainstream crypto assets have also experienced slight adjustments. Ethereum (ETH) and Binance Coin (BNB) have both dropped about 1% in the past 24 hours, trading at $2,646 and $595, respectively.
However, XRP has become a market highlight. The token has broken through the $0.62 mark for the first time since early August, showing strong upward momentum. This unexpected trend has attracted widespread attention from the market.
Despite the short-term adjustment in the market, investor enthusiasm for Bitcoin ETFs seems to have remained unabated. Reports indicate that the U.S. spot Bitcoin ETF market continues to attract significant inflows of capital.
Overall, the cryptocurrency market is in a critical period. Does the pullback of Bitcoin indicate a larger scale adjustment, or is it just a brief pause during the upward trend? Can the breakthrough of XRP be sustained? These questions are worth the close attention of market participants. In this uncertain market environment, investors need to remain vigilant and keep an eye on market movements and potential risks.