Altcoins News
By Bruce Buterin
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XRP's ETF Inflows Hold Steady Despite the Drop. Here's what makes the picture messier. Even as XRP's price retreated, inflows into XRP-focused…
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Speculative Trading Still Driving Short-Term Moves. Market analysts watching XRP closely are pointing at speculative trading as a likely driver of the…
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Bitwise Asset Management moved $15.4 million worth of XRP out of circulating supply. Whale Insider's data caught it.
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That's not a small dip to brush off. The asset had been running hot, posting what Whale Insider's numbers put as the highest price gain of the month, even after weeks of choppy,…
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Here's what makes the picture messier. Even as XRP's price retreated, inflows into XRP-focused ETFs kept coming in — steady, per the data, over at least the past two weeks.
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Bitwise's purchase fits that pattern. The firm basically kept buying while the price trend turned south, which is either a sign of strong long-term conviction or a firm that's…
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The broader XRP market had been enjoying a stretch of bullish momentum before the recent pullback.
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And that volatility cuts both ways. It creates the kind of market environment where a $15.4 million institutional move by Bitwise gets noticed fast, amplified across crypto…
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See also: XRP Plummets to $1.38 as Fed Chair Warsh’s 54% Inflation Warning Shakes Markets
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What's not weird is the signal Bitwise is sending by buying during weakness. Institutional players don't typically throw $15.
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XRP held onto its status as the top monthly gainer even after the recent decline. That's a resilience point worth noting — not because it guarantees anything going forward, but…
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Retail investors are watching all of this closely. When a firm like Bitwise makes a move this size, it tends to shift sentiment, at least temporarily.
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The ETF inflow data is probably the clearest signal in all of this. Steady inflows over two weeks, even as price dipped, means institutional demand didn't dry up when things got…
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See also: XRP Derivatives Show -$96M Volume as Open Interest Surges 14.8% Amid Market Shock
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Bitwise's $15.4 million XRP move, the 2% price decline, the steady ETF inflows — taken together, they paint a picture of an asset that's in a genuine tug-of-war between…
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