XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.

Major cryptocurrencies showed little price movement on Thursday morning in Asia, with XRP and dogecoin bucking the trend with gains of over 4%.

Bitcoin fell 0.8% in the past 24 hours to trade at $57,483. The world’s largest cryptocurrency rose above the key level of $58,000 on Wednesday, and was trading at its highest since Dec. 30.

“Bitcoin has risen more than 6% this week, putting it on track for its biggest one-week gain since the week ended Aug. 25, when it rose 10%,” reported CoinDesk earlier.

Ether dropped 0.7% to $4,006 over the past 24 hours. The second-largest cryptocurrency hit a record high of $4,100 on Wednesday.

Solana’s SOL fell 0.6% to $200.93, BNB Chain’s BNB lost 0.4% to trade at $648.36, and Cardano’s ADA slipped 0.3% to $2.23.

XRP rose 4.9% to trade at $0.96, while dogecoin bucked the trend with a gain of 4.5% to trade at $0.26.

The broad-based CoinDesk 20, a liquid index tracking the largest tokens by market capitalization, rose 0.85%.

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S. There was no apparent catalyst for dogecoin.

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