XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 — Again. — Barrons.com

By Elsa OhlenBitcoin price broke through the psychologically important $100,000 level overnight, leading gains among cryptocurrencies early Tuesday.Bitcoin is up 2.8% over the last 24 hours to last trade at $101,668, according to CoinDesk data.XRP, the popular altcoin that is used to facilitate and settle payments on the Ripple platform, rose 2.6% to $2.45. Ether and Solana rose about 0.6% respectively, while Dogecoin was up 2.5%.Cryptos have rallied across the board since November on hopes that the incoming Trump administration will further boost the digital coins. The rally stumbled in mid-December as the Federal Reserve indicated a more hawkish stance in 2025 with fewer rate cuts than previously expected.Cryptocurrencies typically gain when interest rates fall as riskier assets such as Bitcoin or XRP see higher demand. Traders still expect rates to go down, but just not as much as they previously expected. That should be bad for high-risk assets, since the lower rate expectations were priced in. But the change in rate expectations doesn't seem to be hurting cryptos now."There's clearly a risk-on sentiment, as seen in Bitcoin back above $101K, and that is normal for January," market strategist Louis Navellier wrote late Monday. "Investors tend to be more aggressive, having the luxury of a long year ahead to recover from any missteps."Bitcoin is up 9% since the start of the year. XRP has risen 18% over the same period.Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.