The market is ‘cooling off’ today after 2 days of strong rallies. The Bitcoin price is trading around $92,300 after dipping 1.5% today.
Altcoins are facing 3-10% correction. For instance, the XRP price is down 5.6% today, now at $2.15.
One of the most popular crypto YouTube channels ‘Altcoin Daily’ took the time to post a new viral video to their 1.57 million subscribers.
XRP’s Growing Importance in the Crypto World
In their newest video, Altcoin Daily focuses on XRP’s real-world use rather than making price guesses. They talk about XRP as a proven utility token that can settle transactions in just 3-5 seconds, making it perfect for fast global payments.
The hosts believe now might be the ideal time for altcoins as money starts flowing back into crypto. They highlight how Ripple’s purchase of a broker-dealer/clearing member could change everything by connecting traditional finance with DeFi.
Wall Street has now launched a 2x Leveraged Long XRP ETF. This new product lets traders get more exposure to XRP without needing a margin account. It’s mainly for short-term traders who want to make moves within a one-day window.
The XRP community is incredibly loyal, with over 6 million wallets now active. This shows there’s a lot of potential demand waiting to be tapped.
Big Money Moves During Market Dips
While regular investors were selling in April, big institutions and sovereign wealth funds were buying the dip. Coinbase Institutional confirmed that Bitcoin ETF money was flowing out, but direct institutional buying was going up.
This shows the difference between how regular people and big institutions invest. Regular investors often sell when scared, while institutions buy more during price drops.
Between April 2-21, gold received $8.5 billion in new money, while Bitcoin ETFs lost $470 million. Despite this, Bitcoin’s price went up 13% compared to gold’s 10.5% gain. This suggests big institutions were buying Bitcoin directly instead of through ETFs.
Wall Street’s interest in XRP has grown with the launch of the first XRP ETF. This lets people buy XRP through normal brokerage accounts instead of crypto exchanges. The demand comes from both the loyal XRP community and traders looking for short-term gains.
Trump’s stance on crypto seems to be changing too. The White House is reportedly considering cutting China tariffs in half, showing a softer approach after months of tough talk. Trump has also said he has “no intention” of firing Jerome Powell and wants the Federal Reserve to cut interest rates to boost markets.
This changing political environment looks more favorable for crypto. The new leadership promises a more reasonable approach to digital asset rules.
XRP is proving it’s more than just speculation. It helps with real transactions and is starting to tokenize financial systems. Market experts view Ripple’s team as professional and capable of disrupting global banking.
Many analysts think Bitcoin could work like gold during inflation and market panic. It’s scarce, unchangeable, and easy to move around, unlike gold which is heavy and hard to secure.
Big investors are now building diverse portfolios that include crypto to protect against inflation. Bitcoin consistently ranks in their top 5 assets for long-term protection strategies.
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