CryptoPotato

The winds have changed in the cryptocurrency markets, and this is particularly evident in the exchange-traded funds tracking several assets, such as Ripple’s native token. Although they were mostly in the green, the spot XRP ETFs struggled for months with little to no actual demand, especially in August. However, this changed for the better last week. XRP ETFs See Local High Monday began on a similar dull note for the funds, as SoSoValue shows $0.00 in actual flows.

The cryptocurrency market was essentially muted for many, many weeks. Ever since the May surge from BTC to over $82,000 and the subsequent crash to under $58,000 on July 1, the market has remained dull with little to no movement from the larger caps. Then it all changed within hours on Wednesday afternoon as something unusual happened.

After a highly volatile, eventful, and finally positive few days following the Wednesday Treasury Department announcement, Ripple’s XRP has slowed down by dipping from $1.70 to $1.50. Its fluctuations went through the roof recently, and many analysts have started speculating on what’s coming next. Here are some of the latest analyses and predictions.

In a sudden but very impactful change in investor behavior, the spot exchange-traded funds tracking the largest cryptocurrency attracted almost $2 billion in fresh funds in the past five business days alone. The Ethereum counterparts also set a multi-month peak, gaining nearly $700 million within the same timeframe. Spot BTC ETFs Attract $1.92B The week started on the right foot, with almost $300 million in net inflows on Monday and another $189.30 million on Tuesday.

After gaining $15,000 in a few days, bitcoin was primed for a correction, and the asset has cooled off with a dip to $75,500, where it found some support. Most altcoins are also slightly in the red on a daily scale. HYPE, though, continues to defy the odds and has charted a fresh all-time high of over $82. BTC Slides Bitcoin struggled below $65,000 for weeks until Wednesday afternoon. Then, one US Treasury Department announcement sent shockwaves throughout the market, and BTC led the charge.

What a time to be a part of the cryptocurrency markets. Unless, of course, you shorted the market on Wednesday. Then, you might have been caught on the wrong side. XRP was a no-show for weeks (and months). The token lost multiple key support zones on its painful way down and eventually slumped to $1.00. It even dipped below that level on a couple of occasions last week for the first time in 21 months. Then it all changed.

The cryptocurrency market received a massive push over the past several days, with bitcoin gaining $15,000 in less than 48 hours, while the altcoins followed suit with big gains. Many meme coins did the same, including Official Trump (TRUMP) – one of the tokens linked to the First Family. However, as it has happened numerous times in the past, the team behind the asset has seemingly taken advantage just to sell more portions of it. TRUMP Team Sells Again?

Bitcoin’s price suddenly dipped to $75,500 after it failed to remain above $77,000 during the weekend. Most altcoins have followed suit, including the largest ones, which performed a lot better on Friday and Saturday. This volatility, untypical for the weekend, came amid reports that one of the most prominent market makers, Wintermute, had gone short on a few fronts.

Franklin Templeton is preparing to put tokenized assets inside its conventional mutual funds and ETFs, Bloomberg reported on Thursday, eight days after SEC staff cleared the firm to hold its $721 million blockchain-based money market fund in those portfolios. Franklin characterizes relief as the first US regulatory clearance for digitally native products inside conventional funds.

Las altcoins han prolongado el último repunte del mercado de criptomonedas, con XRP liderando el movimiento tras superar los $1,65 y adelantar a BNB por capitalización de mercado. Bitcoin también se ha recuperado de la corrección del viernes y cotiza por encima de los $78.000. XRP sobrepasa a BNB XRP ha subido más de un 65 % desde el miércoles, después de pasar varios días alrededor del soporte de $1,00.