On May 12, Ripple (XRP) trades at $2.40, boosted by Bitcoin surpassing $100,000. Bitcoin stabilises around $104,000 after a 10.44% rise; Ethereum (ETH) gains 29% amidst strong buying pressure. Brazil’s B3 exchange announces Ethereum and Solana futures by June 16, while Ripple could hit $3 with a pending SEC settlement.
On May 12, the cryptocurrency market is buzzing with notable movements in prices, with Ripple (XRP), Bitcoin (BTC), and Ethereum (ETH) making headlines. Ripple is experiencing a positive turn, trading at $2.40 while benefiting from a broader upward trend led by Bitcoin’s impressive breach of the $100,000 mark last week. Various buy signals indicate that XRP may push towards the $3.00 target soon.
Bitcoin is showing some steadiness at approximately $104,000 after a robust gain of 10.44% in the previous week. This solid performance has also positively influenced Ethereum and Ripple, which saw increases of 39% and close to 10% respectively over the last week. As BTC stabilises, analysts keep an eye on potential support levels for these altcoins.
Ethereum continues its impressive run, with a 6% rise on Friday, taking its total weekly increase to 29%. This surge follows a period of two weeks spent near the $1,800 mark, as intensified buying from investors has put several factors at play, including a drop in Ethereum’s exchange reserves.
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In an exciting development for the crypto community, Brazil’s largest exchange, B3, has confirmed plans to officially list Ethereum and Solana futures contracts starting June 16. This comes after receiving necessary regulatory approval from Brazil’s Comissão de Valores Mobiliários, finalising plans that originated in February.
In other news, Ripple might see its price skyrocket to $3 following a $50 million settlement with the SEC pending judicial approval. A joint motion submitted in the US District Court aims to not only lift Ripple’s injunction but also to release $125 million in previously escrowed penalties.
As for Bitcoin, it continues to press forward with bulls eyeing the $105,000 mark after nearly hitting a 10% weekly gain. The market remains volatile but promising, with investors looking closely at these trends for future actions.
