With this Bitcoin drop, it became the third most valuable cryptocurrency.
December is off to a great start… (Sarcasm).

Bitcoin (BTC) experienced a 1.6% drop from yesterday to today, trading at $95,336 — more than 4% below its all-time high of $99,644.
This peak was reached on November 22.

Ethereum (ETH) fell by 2%, trading at $3,607. However, despite this Monday decline, the digital currency is up by more than 4% over the week, accumulating over 45% gains in the past 30 days.

XRP making strides
A token used in Ripple’s payment system.

Created in 2011, Ripple is a distributed payment protocol that also has a native currency in its system, XRP. Unlike other crypto assets, the platform supports other tokens on its network that can represent traditional currencies or other assets.

Source: Google

The cryptocurrency has surpassed the widely used stablecoin USDT and is now in third place in the cryptocurrency market. (I swore it was in second place, but okay).

The main reason for this is related to Elon Musk, who claims he is about to make a substantial investment in Ripple and XRP.
Get your wallets ready; the billionaire is about to shake up the crypto market too.