XRP News Today: Bitcoin Surges 11% to $118,900, Driving Crypto Market to $3.67 Trillion

Cryptocurrencies experienced a surge in excitement on Friday, with Bitcoin (BTC) reaching a record high above $118,000. This significant gain fueled optimism for a sustained market rally, with top altcoins such as Ethereum (ETH) and XRP breaking through key levels. Sei and Stellar (XLM) also saw substantial increases, contributing to the global crypto market capitalization reaching $3.67 trillion.

Bitcoin's ascent to $118,900 was driven by robust demand from institutional and corporate investors, with spot Bitcoin ETFs seeing inflows of $1.69 billion through Thursday. This heightened market confidence, coupled with favorable macroeconomic conditions, led analysts to anticipate that BTC could approach $120,000 soon. At the time of writing, the BTC price hovered around $117,600.

Ethereum surpassed the pivotal $3,000 threshold, reaching $3,038 on Friday. This uptick reinforced a solid uptrend, with bulls eyeing a breakout to $4,000 and the all-time high of $4,800. Growing adoption in decentralized applications and steady institutional backing, such as SharpLink Gaming's acquisition of 10,000 ETH, bolstered ETH’s outlook.

Ripple’s XRP surged to $2.8 on Friday, rising by more than 12% in the past 24 hours as bulls overpowered bears. Speculation around ETFs and stablecoin adoption was one of the catalysts for XRP’s rise.

Sei (SEI) rallied 22% in the past 24 hours, reaching highs of $0.35, with weekly gains extending to over 30%. This surge followed Circle’s announcement of integrating its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 into Sei’s ecosystem, enhancing its appeal for DeFi applications. Record-breaking open interest (OI) and total value locked (TVL) underscored growing investor enthusiasm, suggesting further upside potential.

Stellar (XLM) advanced steadily, up 22% in the past 24 hours as bulls retested the $0.40 area. XLM price gained by more than 54% this past week, supported by rising on-chain activity, including peak TVL and increased stablecoin transactions. Technical indicators hinted at a possible push toward $1 in this bull cycle, although XLM faced a robust supply wall around the $0.50-$0.56 area.

As Bitcoin looks to break to $120,000, ETH, XRP, and SOL will be among the coins to watch. Other standout performers include Omni Network, 1inch, and Story, which have exploded in the last day and could gain traction. However, profit-taking risk remains, and prices may drop to key support levels.