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XRP Outperforms Bitcoin Amid Crypto Market Movements
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 notable against the backdrop of broader market activity, where Bitcoin typically dominates headlines. The reasons behind XRP's rally are attributed to a combination of market sentiment and specific developments within the XRP ecosystem.
While Bitcoin remains a central figure in the crypto market, XRP's recent performance suggests that alternative cryptocurrencies are gaining traction. This development could signal a diversification of investor interest beyond the traditional leaders in the space.
- XRP has outperformed Bitcoin in recent trading sessions.
- Market sentiment and ecosystem developments are key drivers.
Infobox: Barron's reports that XRP's recent surge has shifted attention away from Bitcoin, indicating a potential change in market dynamics.
U.S. Dollar Weakness and Bitcoin's Price Surge: Major Warnings and Predictions
Forbes reports that Bitcoin's price has surged toward $100,000 per coin, with a 20% increase from its April low. This rally comes as Deutsche Bank analysts predict the beginning of a major dollar downtrend, citing shifts in U.S. trade policy and global reassessment of U.S. geopolitical leadership. The analysts now anticipate a long-winded downcycle for the dollar, with Goldman Sachs' head of FX echoing that the dollar's weakness is "here to stay."
CoinShares data shows that investors poured $3.4 billion into crypto investment products last week, the third-largest inflow on record. 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. BlackRock's Jay Jacobs highlights "geopolitical fragmentation" as a megaforce driving Bitcoin's rise, noting that Bitcoin is "decoupling" from technology stocks and behaving as an uncorrelated asset.
Bitcoin Price | Recent Inflows | Year-End Forecast |
---|---|---|
$95,000+ | $3.4 billion (last week) | $200,000 (Standard Chartered) |
Infobox: Forbes details a bullish outlook for Bitcoin, driven by dollar weakness, institutional inflows, and predictions of new all-time highs in 2025.
Bitcoin Approaches $95,000: Market Cap and Expert Insights
Mint reports that Bitcoin was trading at $94,662.19, 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 reached $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 drivers of the price rise. Standard Chartered projects a rally toward $120,000 in the near term, while Cathie Wood's Ark Invest predicts a bullish scenario where Bitcoin could reach $2.4 million by 2030. Stablecoin Tether remains the most traded crypto, with a market cap of $148 billion and a 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: 63.37% among tokens.
- Decentralized Finance: $6.31 billion (7.03% of total market).
- Stablecoins: $83.77 billion (93.40% of total volume).
Infobox: Mint highlights Bitcoin's strong price action, institutional interest, and bullish long-term forecasts, with the crypto market cap nearing $3 trillion.
Bitcoin Price Stalls, XRP Falls: What Could Reignite the Crypto Rally?
Barron's notes that while Bitcoin's price has stalled and XRP has experienced a decline, there are factors that could reignite the broader crypto rally. The article suggests that market participants are closely watching for catalysts that could drive renewed momentum in the sector.
Despite the recent pause, the underlying sentiment remains cautiously optimistic, with investors seeking signals for the next upward move. The interplay between major cryptocurrencies and market developments will be crucial in determining the direction of the next rally.
- Bitcoin and XRP have both faced recent price stagnation or declines.
- Investors are awaiting new catalysts for a potential rally.
Infobox: Barron's reports that the crypto market is in a holding pattern, with participants looking for the next trigger to spark a rally.
Spoofing Concerns After $212 Million Bitcoin Order Disappears
CoinDesk reports that a large sell order for 2,500 Bitcoin, worth approximately $212 million, was abruptly removed from Binance on April 14, causing market volatility and raising suspicions of spoofing. Spoofing, an illegal trading tactic, involves placing and then canceling large orders to manipulate prices. The order was placed at $85,600, about 2-3% above spot prices, and its sudden removal led to a brief period of market apathy and subsequent price decline.
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 take action against market manipulation. 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.
"These tactics give sophisticated actors a consistent edge over retail traders. And unlike TradFi, where spoofing is explicitly illegal and monitored, crypto exists in a gray zone." – Dr. Jan Philipp, Oak Security
- 2,500 BTC ($212 million) sell order vanished on Binance, causing volatility.
- Spoofing remains a concern in crypto markets.
- Regulators and exchanges urged to enhance surveillance and enforcement.
Infobox: CoinDesk highlights ongoing risks of market manipulation in crypto, with a recent $212 million Bitcoin order sparking renewed calls for stricter oversight.
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, marking the third-best week on record for crypto funds. Bitcoin accounted for 93% of these inflows, followed by Ethereum ($183 million) and XRP ($31 million). The surge in inflows comes as weeks of tariff-fueled turmoil subsided, and the asset traded above $95,000 for the first time since the announcement of "reciprocal" tariffs by U.S. President Donald Trump.
CoinShares Head of Research James Butterfill noted that year-to-date inflows stood at $7.4 billion at one point this year, and another week of strong inflows would be needed to fully restore adoption trends. Institutional participation has increased modestly, but individual investors are currently driving allocations. Last year, crypto funds attracted $29 billion, largely due to the approval of spot Bitcoin ETFs in the U.S.
Week | Total Inflows | Bitcoin Share | Ethereum Inflows | XRP Inflows |
---|---|---|---|---|
Last week | $3.4 billion | 93% | $183 million | $31 million |
Infobox: Decrypt reports a major rebound in crypto fund inflows, with Bitcoin and Ethereum ETFs leading the way and individual investors driving the latest surge.
Ethereum Drops EOF from Fusaka Upgrade After Community Pushback
CryptoSlate reports that Ethereum developers have officially 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 made during the Ethereum All Core Developers call on April 28. The focus will now shift to PeerDAS, a feature aimed at enhancing scalability and data availability.
The removal of EOF was prompted by concerns over its complexity and unresolved debates about its various versions. Beiko emphasized that the lack of clarity among developers regarding the implications of specific EOF variants contributed to the decision. The door remains open for EOF to be considered in future upgrades, such as Glamsterdam.
- EOF removed from Fusaka upgrade due to technical and community concerns.
- PeerDAS will be prioritized to improve scalability and data availability.
- Future consideration for EOF in subsequent upgrades.
Infobox: CryptoSlate details Ethereum's decision to delay EOF implementation, prioritizing network scalability and community consensus in the Fusaka upgrade.
Sources:
- XRP Soars, Beating Bitcoin. Here’s Why and What Else Is Driving Cryptos Today.
- ‘It’s Imminent’—U.S. Dollar Fed Warning Braces Bitcoin For A Huge Price Shock
- Bitcoin nears $95,000 levels on April 29 — is a crypto market bull run likely soon? Here’s what experts say
- Bitcoin Price Stalls, XRP Falls. This Can Reignite the Crypto Rally.
- A Vanishing $212M Bitcoin Order Caused Chaos for Traders. Is Spoofing Back in Crypto?
- 8 Eye-Opening Bitcoin Price Predictions Show Crypto’s Bullish Fire Still Burns
- Bitcoin, Ethereum ETFs Add $3.4 Billion in Major Comeback Week
- Ethereum drops EOF from Fusaka upgrade after community pushback
- Veteran Trader Peter Brandt Warns of Potential Downturn in Ethereum vs. Bitcoin
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- Ethereum Foundation says EOF will come with Fusaka, confirms Pectra is on track for May 7
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