XRP stays flat as Bitcoin overtakes Google
Bitcoin’s relentless climb pushed it to a fresh all-time high late Wednesday, briefly topping $124,450 and overtaking Google parent Alphabet’s market capitalization before easing slightly.
BTC overtook Google to become the fifth largest asset globally, hitting a $2.456 trillion market cap.
The world’s largest cryptocurrency now sits firmly above the $120,000 support level, cementing its position as the fifth-largest asset globally.
The milestone, achieved during a late-night trading frenzy, was enough to trigger a wave of optimism among bulls. The move confirmed Bitcoin’s strong institutional demand, with pension funds, ETFs, and large-cap investors driving unprecedented buying pressure. Ethereum followed suit, holding above $4,750, while Solana, Cardano, and Dogecoin all booked double-digit gains over the week.
But one top-10 coin missed the rally entirely, XRP. Despite the sea of green across the crypto leaderboard, XRP stayed locked near $3.24 — virtually unchanged on the day — leaving traders scratching their heads.
Data from Coinglass shows that more than $450 million worth of leveraged positions were liquidated in the past 24 hours, with the majority coming from short sellers who bet against Bitcoin’s record-breaking run.
With Bitcoin’s valuation now over $2.4 trillion, traders are already eyeing the next prize, Apple’s $3.462 trillion market cap.