XRP recovers to $2.18, with potential ETF impacts; Strategy acquires $285M in BTC; SHIB sees 160 billion token inflows amidst whale activities but long-term outlook remains uncertain.
In the latest cryptocurrency news, XRP’s price is currently stabilising at $2.18, showing a 2.31% increase in the last 24 hours and a 12.11% increase over the past week. After a significant sell-off that saw XRP drop to a monthly low of $1.64, renewed market interest and potential ETF involvement from major firms like BlackRock and Fidelity are contributing to its recovery. This abrupt turnaround indicates improved trading volumes and diminished fears of a drastic drop.
On April 14, Strategy business intelligence firm announced a significant acquisition of 3,459 BTC, valued at approximately $285 million. This move increased Strategy’s total Bitcoin holdings to 531,644 BTC, representing about 2.5% of the cryptocurrency’s total supply of 21 million. Despite the substantial purchase, which follows a teaser from co-founder Michael Saylor, Bitcoin’s price remained stable around $85,000, with Strategy’s average purchase price nearing $68,000.
Shiba Inu (SHIB) has recently attracted attention due to substantial whale movements, with 160 billion tokens accumulated in just two days. According to IntoTheBlock’s netflow data, large holders are significantly increasing their investments after a stagnant period, indicating potential bullish sentiment. Currently trading at approximately $0.000012, SHIB has shown resilience above key support levels, although its long-term recovery remains uncertain due to insufficient innovation in its ecosystem.
