XRP Reigns Supreme Over Bitcoin & Ethereum Amid DeepSeek Saga

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XRP Reigns Supreme Over Bitcoin & Ethereum Amid DeepSeek Saga – Crypto News

Published

1 year ago

January 28, 2025

Dripp

XRP maintained positive flows in comparison to Bitcoin and Ethereum amid the DeepSeek Saga. The collective weekly outflow of Bitcoin and Ethereum is $541 million, triggering speculation if XRP is the next safe option in the crypto market. Nevertheless, BTC and ETH have started noting price recovery in the last 24 hours.

XRP Reigns Supremacy

CoinShares Head of Research James Butterfill highlighted weekly flows for major digital assets. According to the post, XRP reigned supremacy over the likes of Bitcoin and Ethereum by recording inflows of $2.1 million since Monday. This takes its MTD Flows to $92.6 million.

On the other hand, Bitcoin and Ethereum recorded weekly outflows of $442 million and $99.2 million from yesterday. The post by James Butterfill further highlighted that Solana and Litecoin also recorded outflows of $2 million and $0.2 million, respectively. Cardano recorded an inflow of $0.3 million and Chainlin registered an inflow of $0.1 million. But, XRP reigned supremacy by registering the highest positive flows as a digital asset despite the tech market rout amid the DeepSeek saga.

Crypto Sentiments Are Still Bullish

Despite Bitcoin and Ethereum lagging as major digital assets, sentiments across the crypto markets are bullish with many speculating that both cryptocurrencies will eventually rebound. Michael Saylor’s MicroStrategy acquired 10,107 Bitcoin tokens when the prices were down amid the DeepSeek saga. Most recently, Japanese firm Metaplanet announced raising $745 million to increase its Bitcoin holdings.

Matt Hougan, CIO at Bitwise, has also hinted at the potential recovery for Bitcoin and Ethereum after noting historical patterns. The appointment of pro-crypto Scott Bessent as a US Treasury Secretary has further fueled the bullish speculation of crypto enthusiasts.

XRP Outpaces BTC & Ether

All the major cryptocurrencies have started recovering after experiencing the market crash. Bitcoin, for one, is up by 3.91% in the last 24 hours and is exchanging hands at $103,011.35. ETH has surged by 4.40% and is being traded at $3,204.91. SOL and BNB are up by 6.13% and 3.76% during the same time window. Solana tokens are listed at $239.29 and BNB coins are listed a $675.23.

However, XRP is at the top with the highest gains of 11.40% over the past 24 hours. This has taken the value of Ripple’s XRP to $3.13. Notably, amid the recent dip, XRP whales have accumulated 120 million coins taking the buy-the-dip opportunity. This also showcases the sustained confidence of the investors, which has helped gains in the crypto.

Simultaneously, Sean McBride, in an X post, teased that the upcoming XRP Community Day could bring good news for the community. Sean didn’t share details but the community is optimistic that it will further aid in XRP rally.