Crypto Market Update: XRP Recovery, Bitcoin Purchase, SHIB Whale Activity
XRP Recovery and Growth Prospects
XRP has rebounded from a risky decline, now trading at $2.18 with a 12.11% weekly increase. The asset's recovery aligns with a broader crypto market upswing, easing concerns of a price drop below $1. Increased interest in XRP ETFs and potential involvement from major firms like BlackRock and Fidelity may further enhance its growth.
Strategy's Significant Bitcoin Investment
Strategy acquired 3,459 BTC, valued at $285 million, raising their total holdings to 531,644 BTC—2.5% of Bitcoin's total supply. Despite this large purchase, Bitcoin's price remains stable around $85,000, showing minimal impact from the acquisition.
Shiba Inu Sees Whale Activity
Shiba Inu experienced a 160 billion SHIB inflow over two days, indicating heightened whale interest. Despite this short-term accumulation, SHIB's long-term recovery remains uncertain due to a lack of ecosystem innovation.
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