The total cryptocurrency market capitalization increased to about $3.05 trillion throughout the past seven days, adding close to $400 billion. This comes on the back of stellar performance from most of the coins, including but not limited to Bitcoin, Ripple, Dogecoin, and more.

But first, let’s dive into what Bitcoin did. The week started off relatively calmly. Last Friday, when we wrote our previous market update, it was trading at slightly less than $80K, but this all changed on November 11th, when the price broke $80,000 for the very first time.

The industry was ecstatic. It was a major cause for celebration. Little did we know that the bulls had something else entirely planned for the rest of the week. On November 12th, Bitocin tapped $90K for a new all-time high. What followed was a few hours, yes – hours, of consolidation and on November 13th, it exploded above $93K for a new peak. That’s when the bears decided to finally show up and push the price back below $90K, where it’s currently found at around $88,200.

Now, throughout this period, its dominance also exploded by 3%, which means that it managed to outperform the broader altcoin market. But this doesn’t apply to all altcoins.

Ripple (XRP), for instance, saw its token soar by some 60% as Gary Gensler wrote an open letter that many interpreted as his goodbye note. The community now expects him to step down before January 20th, when Trump has promised to fire him anyways.