In a significant market movement, Bitcoin, XRP, and Solana have collectively attracted over $130 billion in recent investments, signaling robust investor confidence in the cryptocurrency sector. This surge coincides with growing speculation that the Federal Reserve may implement further interest rate cuts in 2025, potentially enhancing the appeal of digital assets.
Bitcoin, the leading cryptocurrency, has experienced a notable price increase, reaching approximately $105,041. This upward trend reflects a 2.8% rise, bringing it close to its all-time high. XRP has also demonstrated significant growth, with its price rising by 11.5% to $2.64 within 24 hours following Ripple’s launch of a new stablecoin, RLUSD. This development has strengthened XRP’s position in the market, elevating its market capitalization to approximately $150 billion.
Solana, another prominent cryptocurrency, has seen its market capitalization increase, reaching $112 billion. This growth has enabled Solana to overtake XRP in terms of market cap, making it the fourth-largest cryptocurrency.
