Bitcoin price buoyed again by an unusual tweet from Elon Musk, lifting the bellwether cryptocurrency beyond the highs established by the El Salvador legal tender news. Ethereum price inches toward the London hard fork with passive price action and weak correlation with the Bitcoin advance. XRP price remains locked in a tight trading range with explicit support at $0.76-$0.78.
XRP price experienced a significant bull run as it rallied roughly 750% since 2021. However, due to the recent correction, Ripple’s year-to-date (YTD) performance is hovering around 268%. Despite this sell-off, the remittance token might be setting the stage for another bull run, comparable to the first run-up of 2021.
Shiba Inu price dipped below the short-term governing range on June 11 as the crypto market experienced a minor sell-off. However, bulls have managed to push SHIB above the range high, indicating the resurgence of buyers. A continuation of this uptrend is likely to push it toward another critical level.