BTC’s price climbed above $71,000 due to optimism about Ethereum ETF approval, resulting in a 6% weekly and 13% monthly increase, but then retraced to $69,500.
DOGE’s value ascended as well, briefly surpassing $0.17 and achieving a market cap near $25 billion. Significant metrics rose, with 85% of holders in profit. XRP’s price saw a slight increase with predictions of further gains due to bullish indicators. The outcome of Ripple’s lawsuit with the SEC could cause significant volatility.The price of the primary cryptocurrency started the ongoing week at around $67,000: the same level witnessed over the weekend. However, the consolidationOver the past few days, BTC’s value slightly retraced and is currently trading at approximately $69,500 .
Important metrics related to Dogecoin’s ecosystem also witnessed a significant rise. On May 21, aggregated daily volume, where each transaction exceeds $100,000,that a bullish breakout is in the cards due to XRP nearing “a major converging point” and “an RSI PatternThe Relative Strength Index is a metric used in technical analysis to measure the speed and change of price movements. An RSI above 70 suggests the coin might be overbought and could be due for a correction.
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