The Article Tells The Story of:
- Bitcoin Soars to $81K – Is this the start of a massive bull run or just a temporary spike?
- XRP Eyes Tether’s Spot – Could an 18% price jump push XRP into the top three cryptos?
- Trump’s Crypto Bombshell – A single statement sent XRP surging—will more follow?
- SEC Case Nearing End – A Ripple victory could ignite XRP’s next big rally.
Bitcoin Hits $81K as Crypto Market Rebounds
Bitcoin (BTC) surged 5.48% in the past 24 hours, reaching $81,946.75. The total market capitalization climbed to $1.62 trillion. Trading activity also saw a sharp rise, with a 24-hour volume of $46.97 billion, reflecting a 20.14% increase.
The overall cryptocurrency market experienced a recovery, with its total value increasing by 1.84% to $2.64 trillion. Other major coins like Ethereum (ETH) and XRP also saw gains, although they were less pronounced.
Read More About Our Article of Donald Trump Establishes Strategic Bitcoin Reserve — What It Means for the U.S. Published on March 7, 2025 SquaredTech
Why Is Bitcoin Rising Now?
Bitcoin’s recent surge comes after weeks of price fluctuations due to inflation concerns and shifts in U.S. foreign policy. The crypto market was initially rattled when changes in economic policies affected investor confidence. However, Bitcoin has now rebounded, bringing renewed optimism among traders.
Market watchers note that Bitcoin’s rally follows a recent downturn that disappointed investors. Around 10 days ago, hopes were high that a major crypto summit would push prices higher, but the opposite happened. The last significant rally occurred when former U.S. President Donald Trump hinted at a national crypto reserve.
With Bitcoin gaining momentum, traders are optimistic yet cautious. The question remains: Will this surge continue?
Can XRP Surpass Tether (USDT) in Market Cap?
As the cryptocurrency market heats up, XRP’s potential to overtake Tether (USDT) as the third-largest digital asset has become a major discussion point. XRP currently trades at $2.12, with a market cap of $123.12 billion. Its 24-hour trading volume increased by 17.13%, reaching $9.07 billion.
Meanwhile, Tether, priced at $0.9999, maintains a larger market cap of $142.98 billion, with a significantly higher trading volume of $116.96 billion, up 32.17%.
For XRP to surpass Tether, its price would need to rise by approximately 18%. While this may seem challenging, several key factors could make it a reality.
What’s Fueling XRP’s Rise?
- Ripple’s SEC Case Nearing a Conclusion
Ripple has been locked in a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). If the case reaches a favorable settlement, XRP’s price could surge as investor confidence grows. - Tether’s Market Share Shrinking
USDT’s dominance is declining as more traders turn to alternatives like USDC. Some exchanges, including Binance, are removing USDT trading pairs in certain regions, potentially weakening Tether’s position. - Trump’s Surprising XRP Mention
On March 2, Donald Trump unexpectedly stated that XRP could play a role in a U.S. crypto reserve. His statement triggered a quick price increase. If Trump continues discussing XRP, it could boost market interest. - Ripple Strengthening Political Ties
Ripple’s CEO recently attended a high-profile crypto summit hosted by Trump. This raises speculation that Ripple may be aligning with key policymakers. Any positive government backing could propel XRP higher. - Rising Institutional Interest
Rumors suggest that major banks like Bank of America and Wells Fargo are exploring XRP’s use for transactions and lending. Brazil also recently approved the first spot XRP ETF. If other nations follow, institutional investment could skyrocket. - XRP’s Recent Market Cap Gain
XRP recently overtook Binance Coin (BNB) in market cap, proving its potential for further growth. Now, traders are wondering: Can it go further and dethrone Tether?
What’s Next for Bitcoin and XRP?
Bitcoin’s latest surge has injected fresh energy into the market. While some expect further gains, others remain cautious about potential corrections. Meanwhile, XRP’s growing momentum puts it in direct competition with Tether for a top-three spot in market capitalization.
With regulatory developments, political statements, and institutional interest shaping the market, investors are closely watching the next moves of these digital assets. Will Bitcoin break new records? Can XRP climb higher? The coming weeks will reveal the answers.
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