XRP Reclaims Key Resistance as BTC Cools at $86K After Massive Run: Market Watch

Bitcoin went on a wild run on Monday, surging by over $7,000 on the heels of massive ETF inflows and topping $87,000 for the first time since late January before it finally calmed at around $86,000.

Most altcoins registered similar or even more impressive gains, including Ripple’s XRP, which flew past $1.50, and DOGE, which has neared $0.10.

BTC Hit 8-Month High There was very little evidence last week of what would transpire in the crypto markets, starting from Friday and culminating on Monday evening, at least for now.

The CLARITY Act was voted down in the US Senate, marking the first major blow against the industry. A day later, the Federal Reserve increased rates for the first time since July 2023.