Bitcoin Aims At $75,000 As TON Coin Pumps 23%, RUNE & AAVE Also Rally But Ripple (XRP) Stalls

Bitcoin and Ethereum prices continue to ascent as the crypto rally continues. Altcoins are also flourishing amid record inflows into the spot Bitcoin ETFs. On Wednesday, BTC soared above $73,500, forming new all-time highs. Altcoins like TON, RUNE, and AAVE also showed remarkable gains. However, Ripple's price declined 1.3% in the last 24 hours.

A broader look at the market reveals that altcoins are leading the gains as the Total 3 market cap increased 1.8% on Wednesday. Nevertheless, Bitcoin dominance still managed a 0.13% uptick till the afternoon. This increase in the valuation of Bitcoin and the altcoin market can be linked to a 1.72% drop in the dominance of USDT, which is the biggest stablecoin in terms of market cap.

On the other hand, the dogcoin market appears to have entered into a consolidation phase. DOGE, SHIB, and FLOKI are down 0.9%, 1.6%, and 0.2% on the 24-hour timeframe. However, Dogwifhat seems to have a mind of its own, as it is up 17.8% during the same time.

Toncoin (TON) Price Prediction

The following chart shows the price action of the TON/USD pair on a 1H timeframe. Each candle on this chart encapsulates the price action of 1 hour. After a correction from the daily highs of $4.52, the TON price is resting at the $4.22 support.

A breakdown of this support may result in a deeper correction toward the previous resistance of $3.78, which could act as a support zone. However, a higher likelihood is of a bullish continuation toward the all-time high of $5.29.

Ripple (XRP) Price Analysis

At a time when the crypto community is celebrating record highs for the most altcoins, Ripple keeps disappointing its XRP holders. A recent breakout above the $0.618 resistance level was cheered by the XRP army, but the price couldn't break above $0.73. As a result, Ripple price prediction remains bearish until a clear break above this level.

RUNE, AAVE & BNB Rise More Than 10%

Fuelled by the ongoing bullish sentiment in the crypto markets, many L1 and DeFi coins have orchestrated a strong comeback from their bear market lows. Binance coin (BNB) gained 12% on Wednesday as the interest in the exchange and L1 coin increased.

AAVE and RUNE also grew by 12% and 10%, respectively, as the investor focus shifted toward DeFi coin. Other notable coins that showed similar upticks among the top 100 digital assets included Ronin (RON), Algorand (ALGO), MakerDAO (MKR), and Quant (QNT).