Ripple (XRP) trades slightly in the red on Thursday following a drastic extension of a drop from its record high of $3.66. XRP tested support at $2.95 amid the crash, before recovering to exchange hands at $3.15.
Bitcoin (BTC) is trading above $118,000 at the time of writing on Tuesday, slightly up on the day but consolidating within a tight range after reaching a new all-time high of $123,218 in the previous week.
The cryptocurrency market's bullish outlook remains steady on Monday, with some tokens, such as Ethereum (ETH), sustaining gains for up to nine consecutive days. Interest in altcoins is gaining traction, suggesting a shift in capital from Bitcoin (BTC).