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XRP ETFs Lock Up $1.52 Billion as SHIB Burn Rate Plunges 86.14% and Justin Sun Values Elon Musk Meeting at $30 Million
Over the latest week in crypto, U.S. XRP spot ETFs have absorbed $1.52 billion in XRP, equal to 1.20% of the asset’s market capitalization, while the token’s price remains range-bound. In the same 24-hour window, Shiba Inu’s burn rate dropped 86.14% to 749,126 SHIB, and TRON founder Justin Sun stated he would pay $30 million for a one-hour conversation with Elon Musk. Market watchers are also monitoring weekday volatility patterns as traders weigh key levels in XRP, SHIB and Bitcoin.
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XRP
XRP-1.38%
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XRP Targets 50% to 55% XRP/BTC Upside After Key Bollinger Band Rebound on Monthly Chart
XRP's performance against Bitcoin is showing a bullish technical pattern, with the XRP/BTC pair eyeing a potential 50% to 55% upside move after rebounding from the midline of the monthly Bollinger Bands near 0.00001988 BTC. This setup challenges XRP's historically weak track record versus Bitcoin in February, where its median return has been negative while Bitcoin's has been positive. If the current pattern plays out, analysts suggest it could mark the start of a rare XRP/BTC supercycle similar to the 2017-2018 phase.
BTC
BTC-0.55%
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Bitcoin Spot ETFs Log $843.62M Daily Inflow as Weekly Net Purchases Hit $1.71B
On Jan. 14, spot Bitcoin ETFs saw a net inflow of $843.62 million, reversing a week of outflows in a single day and lifting cumulative net inflows above $58.1 billion. BlackRock's iShares Bitcoin Trust added $648.39 million and pushed its net assets beyond $76 billion, while total spot ETF assets reached $128.04 billion, or 6.56% of Bitcoin's market cap. BTC briefly traded at $96,951 as institutional demand strengthened and some market participants positioned for potential Q1 CPI relief and rate cuts.
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BTC
BTC-0.55%
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