XRP Surges Past Bitcoin as Crypto Booms on Dollar Drop and ETF Inflows

XRP Surges Past Bitcoin: Key Drivers in the Crypto Market

According to Barron's, XRP has recently outperformed Bitcoin, marking a significant shift in the cryptocurrency landscape. The article highlights that XRP's surge is attributed to a combination of favorable market sentiment and specific developments within the crypto sector. While Bitcoin has traditionally led the market, XRP's recent performance suggests that investors are diversifying their portfolios and seeking alternative digital assets.

The report also notes that the broader cryptocurrency market is experiencing increased volatility, with various tokens showing divergent trends. This dynamic environment is prompting both retail and institutional investors to closely monitor market movements and adjust their strategies accordingly.

XRP has outperformed Bitcoin in recent trading sessions.
Market sentiment and sector-specific developments are driving the shift.

Source: Barron's

Key takeaway: XRP's recent surge signals a shift in investor focus within the crypto market, challenging Bitcoin's dominance.

U.S. Dollar Weakness and Bitcoin's Price Shock: Analyst Warnings

Forbes reports that the Bitcoin price has surged toward $100,000 per coin, with analysts from Deutsche Bank predicting the beginning of a major dollar downtrend. The article cites a note from Deutsche Bank analysts George Saravelos and Tim Baker, who state, "The preconditions are now in place for the beginning of a major dollar downtrend," referencing shifts in U.S. trade policy and global reassessment of U.S. geopolitical leadership.

Goldman Sachs’ head of FX also told Bloomberg that the U.S. dollar’s weakness is “here to stay.” The article further notes that Bitcoin climbed over $95,000 as investors poured $3.4 billion into crypto investment products last week, marking the third-largest inflow on record, according to CoinShares. Standard Chartered Bank projects a fresh all-time high for Bitcoin around $120,000 in the second quarter, with a year-end forecast of $200,000.

Bitcoin Price	Recent Inflows	Year-End Forecast
$95,000+	$3.4 billion (last week)	$200,000 (Standard Chartered)

Deutsche Bank and Goldman Sachs warn of a prolonged U.S. dollar downtrend.
Bitcoin is seen as a safe haven amid geopolitical and economic uncertainty.

Source: Forbes

Key takeaway: Major financial institutions anticipate a weakening U.S. dollar, fueling bullish forecasts for Bitcoin and increased inflows into crypto assets.

Bitcoin Nears $95,000: Bull Run on the Horizon?

Mint reports that Bitcoin was trading at $94,662.19 at 9 am on April 29, up 1.16% over the past 24 hours, with a market cap of $1.87 trillion and a 24-hour trading volume of $32.12 billion. The global cryptocurrency market capitalization stood at $2.97 trillion, up 1.59% from the previous day, and total market trade volume increased by 47.79% to $89.69 billion.

Institutional demand, Bitcoin ETFs, and favorable U.S. government policies are cited as key drivers. Standard Chartered projects a rally toward $120,000 in the near term, while Ark Invest predicts a bullish scenario where Bitcoin could rise to $2.4 million by 2030. Stablecoin Tether remains the most traded crypto, with a market cap of $148 billion and a 24-hour trade volume of $68.91 billion.

Asset	Price	Market Cap	24h Volume
Bitcoin	$94,662.19	$1.87 trillion	$32.12 billion
Ethereum	$1,795.46	$216.76 billion	$15.84 billion
Tether	$1.00	$148 billion	$68.91 billion

Bitcoin dominance is at 63.37% among tokens.
Ethereum is showing signs of a breakout, with whale inflows surging by 2,682%.
Standard Chartered and Ark Invest provide highly bullish long-term forecasts.

Source: Mint

Key takeaway: Bitcoin's approach to $95,000 is supported by strong institutional demand and bullish forecasts, with the broader crypto market showing signs of renewed momentum.

Bitcoin Price Stalls, XRP Falls: What Could Reignite the Crypto Rally?

Barron's reports that while Bitcoin's price has stalled, XRP has experienced a decline. The article discusses the factors that could potentially reignite the crypto rally, emphasizing the importance of market sentiment and external economic factors. The current pause in Bitcoin's upward trajectory is seen as a temporary setback, with analysts watching for catalysts that could drive renewed growth.

The report also highlights the interconnectedness of major cryptocurrencies, noting that movements in one asset often influence the broader market. Investors are advised to remain vigilant and responsive to emerging trends and news that could impact prices.

Bitcoin's price has stalled, and XRP has fallen.
Market sentiment and external factors are key to a potential rally.

Source: Barron's

Key takeaway: The crypto market is in a holding pattern, with future rallies dependent on shifts in sentiment and macroeconomic developments.

Spoofing Concerns After $212 Million Bitcoin Order Vanishes

CoinDesk details an incident on April 14, when a large sell order for 2,500 bitcoin (worth approximately $212 million) was placed on Binance at $85,600, about 2-3% above spot prices. The order was abruptly removed, causing market volatility and raising suspicions of spoofing—a practice where large orders are placed and then canceled to manipulate prices.

Dr. Jan Philipp, managing director of Oak Security, described such manipulative trading as a "systemic vulnerability, especially in thin, unregulated markets." Binance stated that it invests in surveillance tools to monitor trading and will freeze accounts or report suspicious activity if manipulation is detected. The article notes that spoofing remains a challenge in crypto, despite increased regulatory scrutiny, and calls for exchanges and regulators to strengthen surveillance and enforcement.

2,500 bitcoin sell order ($212 million) on Binance was removed, causing chaos.
Spoofing is illegal but remains a challenge in crypto markets.
Exchanges and regulators are urged to improve surveillance and enforcement.

Source: CoinDesk

Key takeaway: Spoofing incidents highlight ongoing vulnerabilities in crypto trading, underscoring the need for stricter regulation and better market surveillance.

Bitcoin and Ethereum ETFs See $3.4 Billion Inflows in Comeback Week

Decrypt reports that investors poured $3.4 billion into digital asset investment products last week, with Bitcoin accounting for 93% of the inflows. Ethereum and XRP attracted $183 million and $31 million, respectively. This marks the third-best week on record for crypto funds, according to CoinShares research.

Year-to-date inflows stood at just $171 million a week before, after a period of outflows. The article notes that institutional participation has increased modestly, with individual investors driving much of the recent activity. Last year, crypto funds pulled in $29 billion, largely due to the approval of spot Bitcoin ETFs in the U.S.

Asset	Inflows (Last Week)
Bitcoin	93% of $3.4 billion
Ethereum	$183 million
XRP	$31 million

Third-best week ever for crypto fund inflows.
Institutional participation is increasing, but individual investors are leading the charge.

Source: Decrypt

Key takeaway: Crypto ETFs are experiencing a major comeback, with record inflows signaling renewed investor confidence in digital assets.

Ethereum Drops EOF from Fusaka Upgrade After Community Pushback

CryptoSlate reports that Ethereum developers have removed the EVM Object Format (EOF) from the upcoming Fusaka network upgrade, following technical uncertainties and community opposition. Tim Beiko, Protocol Support Lead at the Ethereum Foundation, stated that the decision was finalized during the Ethereum All Core Developers call on April 28.

The primary reason for removing EOF was to avoid jeopardizing the upgrade’s timeline. Developers agreed to prioritize PeerDAS, a feature aimed at enhancing Ethereum’s scalability and data availability. The ongoing debate over various versions of EOF and lack of clarity among developers contributed to the decision. The door remains open for EOF to be considered in future upgrades.

EOF removed from Fusaka upgrade due to technical and community concerns.
PeerDAS will be prioritized to improve scalability and data availability.

Source: CryptoSlate

Key takeaway: Ethereum's development process remains responsive to community feedback, with scalability improvements taking precedence in the next upgrade.

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