🚨 Breaking Crypto News: XRP Overtakes Bitcoin as Whale Deposits Surge – Dogecoin Faces Setbacks! 🚨
The crypto market is buzzing with twists today! XRP has made a major splash, with whale deposits on Binance surpassing those of Bitcoin (BTC) for the first time in six months. Meanwhile, Dogecoin ($DOGE ) struggles to hold its ground. Let’s break it down:
💥 XRP Takes Center Stage
Whale activity on Binance has skyrocketed for XRP, with over 2.66 billion tokens transferred in the past 30 days – the highest since April 2024. This bullish signal could indicate whales positioning for a strategic move. XRP is currently trading at $2.38, still up +300% compared to last month, despite a -10% correction over the past week.
💡 Bitcoin Holds Steady
BTC remains a force to reckon with, trading at $98,000 after hitting its all-time high (ATH) of $103,000 earlier this week. Even with a minor pullback to $94,000, Bitcoin continues to show resilience.
🐕 Dogecoin Loses Momentum
The beloved memecoin DOGE is facing challenges, slipping from its annual high of $0.47 to its current price of $0.40. Despite this dip, DOGE has maintained a solid floor above $0.35 for the past month, fueled by market enthusiasm post-Trump’s election victory.
📈 Binance Dominates the Crypto Exchange Scene
Binance continues to reign supreme as the top crypto exchange of 2024. With $21.6 billion in deposits, it outpaces competitors by 40%, cementing its position as a market leader. The platform now boasts an impressive 244 million users, proving it’s the go-to hub for crypto enthusiasts.
⚡️ Crypto Insights This Week
XRP: Whales eyeing big moves? Watch for further volatility.
BTC: Stability above $98K could signal a strong base for the next rally.
DOGE: Can the memecoin bounce back? Keep an eye on $0.40.