Weekend Watch: Ripple Soars 8%, Bitcoin Maintains Crucial $42K

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Weekend Watch: Ripple Soars 8%, Bitcoin Maintains Crucial $42K
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While bitcoin and most alternative coins are calm now, XRP has charted the most impressive gains with a near 8% increase.

Bitcoin’s correction stopped for now at a crucial level around $42,000, which was the January 2021 all-time high. Most altcoins have also stalled or displayed minor gains, excluding Ripple, which went on a tear with an impressive 8% surge.It was just a couple of days ago when the largest cryptocurrency went through a highly volatile several hours after it became evident that the US marked a new 40-year record in terms of inflation rates.

BTC dumped by $2,000 to $43,200 before it went on the offensive and spiked by $3,000 to a new monthly high at nearly $46,000.

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