Altcoins News
By Pankaj K
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The cryptocurrency market faced a wave of outflows last week, totaling a hefty $146 million. These losses were largely driven by unexpectedly strong U.S.
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U.S. Retail Sales fuel Widespread Crypto Outflows
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According to a recent CoinShares report, digital asset investment products saw net inflows of just $6 million for the week.
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Retail sales rose 1.4% in March—marking the highest monthly increase in more than two years.
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These surprisingly strong retail figures fueled fears of inflationary pressures, causing investors to pull back from crypto markets. The U.S.
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Ethereum took the brunt of the bearish sentiment, suffering nearly $27 million in outflows. Bitcoin, the market’s bellwether, wasn’t immune either, recording $6 million in net…
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While many tokens were bleeding capital, XRP remained firmly in the green. CoinShares’ Head of Research, James Butterfill, reported that XRP attracted $37.
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The surge in interest came as Coinbase’s derivatives platform introduced XRP futures, rekindling excitement around the token.
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The bullish sentiment around XRP wasn't just limited to institutional inflows. On-chain analysis suggests that whale investors have been quietly accumulating the token.
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Meanwhile, Bitcoin’s relatively stable performance during the turbulence caught the attention of analysts.
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“Bitcoin’s ability to weather macro turbulence without the wild swings of previous years suggests institutional investors are treating it less as a speculative punt and more as a…
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This shift signals a broader maturation of the crypto market, where digital assets—particularly blue-chip tokens like Bitcoin and XRP—are increasingly seen as legitimate parts of…
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XRP’s standout performance amid a market-wide selloff raises the question: can it continue this upward momentum?
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Still, headwinds remain. The broader macro environment is uncertain, and the threat of inflationary pressure from robust consumer spending continues to loom.
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While the crypto market showed signs of fragility under the weight of strong U.S. retail data, XRP's resilience offers a glimmer of optimism.
The Currency Analytics
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