XRP’s Velocity metric hits a yearly peak, indicating increased network activity despite market volatility, while the price battles between sellers and institutional buyers.
Xen Baynham-Herd, head of global growth at Base, discusses the failures of the current financial system and how blockchain-based alternatives are being built from the ground up to create a new global economy.
The crypto market is holding steady ahead of the U.S. Federal Reserve’s key interest rate decision. Bitcoin and Ethereum are posting modest gains as investors anticipate a potential rate cut, which could drive more capital into riskier assets.
The crypto market rallied sharply, driven by a short squeeze and signals from the White House that the Federal Reserve may cut interest rates, leading to massive liquidations of short positions.
Bitcoin is reclaiming the $90,000 level, sparking renewed optimism. Analysts suggest the bull market may continue as institutional demand absorbs retail selling, while Strategy (formerly MicroStrategy) reinforces confidence with a nearly $1 billion Bitcoin purchase.
XRP is caught between two forces as whales dump 510 million tokens while institutional ETF inflows provide support. The price hovers around the psychological $2 level, with technical analysis suggesting more downside risk unless it breaks above $2.11.
The crypto market shows a cautious recovery with Bitcoin and Ethereum in the green. Key developments from the US and institutional players, including Fed bond purchases and Ethereum’s new use cases, boost optimism.
After four weeks of significant outflows, crypto investment funds have recorded inflows for the second straight week. This week saw a positive net flow of $716 million, with notable inflows into XRP and Chainlink ETFs, while major players like BlackRock experienced outflows.
A dollar-cost averaging strategy with €100 monthly investments in XRP over the past 18 months would have yielded an 86% return, demonstrating the power of systematic investing in volatile crypto markets.