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Cryptomarket at highest point in 2023 - Cardano and Ripple pumping

The crypto market's year-end rally is still in full swing.

By Finst News
• 1 min read
Cryptomarket at highest point in 2023 - Cardano and Ripple pumping

The crypto market's year-end rally is still in full swing. Cardano and Ripple are posting significant gains. Bitcoin keeps climbing.

Crypto investors are experiencing good times the end of this year. With a total market capitalization of $1.668 billion, the crypto market has reached a new high in 2023. Bitcoin is currently at its highest level this year, around €40.165/USD 44,000.

In a weekly comparison, the No. 1 by market capitalization is up 16%. The boss of the day (in the ten in terms of market cap) is Cardano. With a price increase of more than 6%, the ADA price rose to 64 cents in the past 24 hours. XRP recorded an increase of 5%. This puts the "bank currency" at 64 cents.

The crypto rally is fueled by the possible imminent approval of a Bitcoin Spot ETF in the US. This would mean new cash flows for the oldest cryptocurrency. Although it has not yet been confirmed, market analysts expect approval from the U.S. Securities and Exchange Commission in early January 2024.

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