Bitcoin, Ethereum, and XRP have experienced significant price increases as the U.S. dollar weakens. Bitcoin is trading above $91,000, Ethereum has surpassed $3,000, and XRP has reached $2.20, marking a 10% weekly gain. The overall cryptocurrency market capitalization has risen to $3.1 trillion, up over 3% in a day.
The price surge is linked to a decline in the U.S. dollar index (DXY), which often signals upcoming crypto rallies. Additionally, the British pound's unexpected strength following the UK budget announcement has contributed to the dollar's decline, enhancing global liquidity and boosting the crypto market.
Bitcoin, Ethereum, and XRP Surge as U.S. Dollar Weakens
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