XRP Defies Market Trend Amid Crypto Outflows
- XRP saw a significant inflow of $5 million, contrasting with Bitcoin’s $2.59 billion outflow.
- Overall market outflows were influenced by the Bybit hack and Federal Reserve’s stance.
- The US led with the largest outflows at $2,874 million, followed by Switzerland, Canada, and Sweden.
- XRP’s inflows were potentially driven by positive sentiment around XRP ETFs.
- Bitcoin surged to $93,366 as market rebounded, with overall market cap reaching $3.06 trillion.
Despite a bearish trend in major cryptocurrencies like Bitcoin and Ethereum, XRP experienced a notable inflow of $5 million last week. This positive movement is attributed to factors such as ETF developments and strategic reserve decisions.
Source (2.6)https://coingape.com/xrp-defies-market-trend-outpaces-btc-eth-amid-crypto-blood-bath/?rand=24432
