Bitcoin Today 20/02/2025: On the rise, BTC surpasses $97K while XRP leads gains after Trump endorsement

• Bitcoin's rise today.
• Bitcoin rises to $97.
• XRP rises on Trump’s support.

On the rise, the price of Bitcoin Today, 20/02/2025, Bitcoin is showing a significant recovery, surpassing US$ 97 thousand. The recent rise in Bitcoin comes amid a new investment in the asset by the giant Japanese company Metaplanet, known for its strategy of using the world's largest cryptocurrency as a store of value.

Yesterday, BTC was trading at $95, however, it began an upward movement, recovering the $97 zone again on Thursday morning, according to market data. At the time of publication, the price of Bitcoin was quoted at $97.273,68 with an increase of 1.1% in the last 24 hours, equivalent to approximately R$555,390.10 BRL and €93,192.00 EUR.

In a surprising move, cryptocurrency XRP is leading the day’s gains among major crypto assets following an endorsement from U.S. President Donald Trump. XRP is currently trading at $2,69 after rising 4.1% in the past 24 hours. In a week, Ripple’s token has gained nearly 10%.

Analyzing the network, analytics platform Santiment noted a significant increase in whales amid the recent price rally. Furthermore, analysts highlighted that in three months, the price of XRP vs. BTC has seen a staggering 297% increase.

“Despite stable crypto market conditions, XRP Ledger’s market cap is up +6% on the day and in the minority as a positive gainer over the past week (+9%). Since November 11, 2024, the price of $XRP vs. $BTC is +297%. There are 261 more 100K+ XRP wallets than 10 weeks ago, a strong sign of confidence from key stakeholders,” stated .

In the same vein, following Bitcoin’s development, the main cryptocurrencies are registering considerable increases in the last 24 hours. Ethereum is trading at $2.739,47 with a 0.5% increase in its price. DOGE is trading at $0,2549 with a 0.3% increase. Cardano is priced at $0,793 after registering a 2.6% increase. Solana cryptocurrency is showing a 0.1% increase and is trading at $173,87.

Trump Shares Ripple Labs Report, XRP Price Surges

President Donald Trump recently stated his support for XRP through posts on Truth Social, where he highlighted the growth of Ripple Labs in the United States. These posts are a follow-up to his continued endorsement of XRP, highlighting the positive influence of his management on Ripple’s operations and expansion in the United States. Following the post, the price of XRP was quoted at $2,65 and was up 6%.

In the articles Trump shared, it is noted that a significant proportion of Ripple’s new hires are now based in the US, accounting for 75% of open positions. This development was praised by Brad Garlinghouse, CEO of Ripple, who attributed the positive change directly to the “Trump effect,” highlighting the favorable environment created by the current policy for cryptocurrencies in the country.