The recent outflows from crypto funds have raised concerns among investors and analysts alike. After five weeks of consecutive inflows totaling $4.35 billion, the sudden reversal to $600 million in outflows has caught many by surprise. The outflows were primarily concentrated in Bitcoin and Solana funds, signaling a shift in investor sentiment towards these assets.
XRP
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in price in the past 24 hours and a 3% increase over the week. This upward trend stands in contrast to the performance of other major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin, which have seen a dip
Ripple is set to introduce a new stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum platforms. This stablecoin is designed to act as a link between traditional finance and the cryptocurrency industry. Despite the promising prospect of RLUSD, the United States Securities and Exchange Commission (SEC) has already criticized
Ethereum experienced a 4.4% loss in price this week, signaling a shift in bullish momentum. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is optimism that it could be a normal retest following a significant breakout after the ETF confirmation. As
The cryptocurrency market has been experiencing sideways movement recently, with Bitcoin unable to decisively break past the $67K mark. Despite attempting to surpass $68K, the price faced resistance from sellers, resulting in a 1% loss over the past 24 hours. The volatile nature of the market has led to the liquidation of over $110 million
The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant
XRP has been hovering around the $0.52 mark recently, leading some analysts to predict a potential rise to $0.70 this summer. One analyst, DustyBC Crypto, highlighted XRP’s progress over the past year and suggested that an uptick towards $0.70 could be on the horizon. Another analyst, Blockchainedbb, pointed out that XRP has been in a
The cryptocurrency market is speculated to be on the verge of a bull run, with Bitcoin and altcoins showing signs of responding to this potential upswing. Investors are eagerly anticipating this upward trend, especially with the projections made by Crypto Emily, a crypto analyst, regarding the future prices of six major cryptocurrencies. Bitcoin Price Projection
Binance recently made an announcement that it will be halting trading services for certain cryptocurrencies, which has caused a significant drop in the prices of those assets. Some of the tokens that will be affected include OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Withdrawals for these assets will not be supported after
Ripple, a prominent player in the cryptocurrency industry, has recently made headlines by contributing $25 million to the Fairshake super PAC. This move is part of a broader industry-wide effort to advocate for pro-crypto policies and politicians. The decision to boost Fairshake’s efforts comes at a critical time for Ripple, as the company is currently