XRP leads crypto market with $2.1M weekly inflows
The report points to XRP's impressive dominance over Bitcoin and Ethereum
XRP has recently surged ahead in the cryptocurrency market, leading with $2.1 million in weekly inflows, while Bitcoin (BTC) and Ethereum (ETH) experienced significant outflows totaling $541 million.
This stark contrast highlights XRP's increasing popularity amidst a broader market downturn, with the DeepSeek saga potentially influencing investor sentiment.
Key takeaways
- XRP saw $2.1 million in inflows this week, a marked contrast to Bitcoin and Ethereum's $541 million in outflows.
- XRP's price has increased by 12% in the past 24 hours, signaling investor confidence.
- Bitcoin and Ethereum both recorded significant weekly outflows—$442 million and $99.2 million, respectively.
- XRP's growth in inflows points to its emerging dominance, even amid concerns tied to the DeepSeek saga.
XRP surges amid DeepSeek saga
XRP has seen a remarkable surge, attracting $2.1 million in weekly inflows, signaling a strong shift in investor behavior.
James Butterfill of CoinShares has published data on the weekly flows of major crypto assets. The report points to XRP's impressive dominance over Bitcoin and Ethereum.
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The cryptocurrency has experienced a 11% rise in value in the last 24 hours, driven by both small investors and large holders capitalizing on price dips.
XRP/USD price movement. Source: CoinGecko
This influx boosts XRP’s month-to-date total to $92.6 million.
BTC and ETH face challenges
In contrast, Bitcoin and Ethereum have faced substantial outflows this week, with Bitcoin losing $442 million and Ethereum experiencing $99.2 million in withdrawals.
These outflows reflect growing investor uncertainty, especially with the ongoing influence of the DeepSeek saga, which has contributed to market volatility.
Market confidence in XRP grows
Despite the downturn for Bitcoin and Ethereum, XRP’s continued inflows point to growing confidence in its stability and potential. Investors see XRP as a viable alternative amid the market's challenges, especially with the continuing volatility of larger cryptocurrencies like Bitcoin and Ethereum.
As XRP continues to dominate the inflow charts, it presents an intriguing alternative for investors in a market currently dominated by uncertainty. The contrast between XRP’s performance and the decline of BTC and ETH highlights shifting market dynamics. Investors are keeping a close eye on these developments, especially with potential market catalysts like the DeepSeek saga.
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