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Spot XRP ETF to Be Approved This Year, Says Top Analyst; US Congressman Discloses XRP, SOL and BTC Holdings; 8.32 Trillion in 24 Hours, Shiba Inu OI Surges: Crypto News Digest by U.Today
As of late, there has been a significant surge in the cryptocurrency market. We’re not just talking about a small blip on the radar – we’re looking at some serious movement here. According to the data from CoinMarketCap over the past 24 hours, it’s no surprise that many are excited.
First off, let’s talk about XRP. It appears that top analysts believe that an XRP ETF will be approved this year. This is massive news for those invested in Ripple and its native cryptocurrency. The potential approval of an ETF would open up new investment opportunities and bring more mainstream attention to the project.
But that’s not all, folks! A US congressman has decided to disclose his holdings, which include XRP, SOL, and BTC. Now, you might be wondering why this is relevant – well, for one thing, it shows that even high-profile figures are getting in on the action. It also means that there may be a level of support for these assets coming from influential individuals.
Now, let’s dive into some numbers. In the past 24 hours alone, we’ve seen a staggering $8.32 trillion in trading volume. Yes, you read that right – TRILLION. This is not a joke, people! The crypto market is on fire, and it seems like there’s no end in sight.
Last but certainly not least, Shiba Inu (SHIB) has experienced an incredible surge in open interest. If you’re new to the space, this means that more and more traders are opening long positions, expecting the price to rise further. It’s not hard to understand why, given the recent trends.
As always, it is essential to do your own research before making any investment decisions. Keep an eye out for more news and updates in the world of cryptocurrency!
Source:
Source: u.today
