XRP News Today: Crypto Investment Products See 9th Straight Week of Gains 12% Yearly Bitcoin Rise

Crypto investment products, including Bitcoin (BTC) and Ethereum (ETH), recorded $1.9 billion of inflows over the last week, marking the ninth consecutive week of gains for digital assets. Bitcoin continues to dominate the crypto market with $1.3 billion of inflows, quickly rebounding from a sharp dip after the Iran-Israel conflict erupted in recent days. Ethereum is in second place with $583 million of inflows, its biggest amount since February of this year.

Altcoins are also in positive territory, with XRP (XRP) registering $11.8 million in fresh inflows, followed by Solana (SOL) with $1.3 million. Analysts say crypto is holding up well despite heightened geopolitical and macroeconomic risks, as well as impacts from tariffs and trade wars, notably between the U.S. and China.

Regionally, America continues to dominate crypto inflows, accounting for a majority of the $1.9 billion total over the past week. Smaller inflows were seen in Switzerland, Germany, and Canada. Looking ahead, derivatives data shows that traders are growing increasingly bullish on near-term price action for cryptocurrencies.

Current data suggests traders are positioning for near-term upside in crypto prices, especially for Bitcoin. Analysts note that, if current momentum holds, Bitcoin will soon climb back above the key level of $110,000 and could retest its all-time high. Bitcoin, the largest cryptocurrency by market capitalization, is up 12% this year.

Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look instead at its performance. As one can see, the price of BTC has risen 26.16% in the last 12 weeks.

Summary: Wall Street is turning bullish on cryptocurrencies despite near-term risks. Bitcoin and Ethereum have seen significant inflows, with Bitcoin rebounding from recent geopolitical tensions. Altcoins like XRP and Solana are also experiencing positive inflows. America leads in crypto inflows, with traders positioning for near-term price increases, particularly for Bitcoin. Analysts predict that if the current momentum continues, Bitcoin could retest its all-time high.

Analysis: The bullish sentiment on Wall Street towards cryptocurrencies is evident from the continuous inflows into digital assets. Despite geopolitical and macroeconomic uncertainties, investors remain optimistic about the near-term price action of cryptocurrencies. Bitcoin's dominance in the market is further solidified by its significant inflows and potential to retest its all-time high. Ethereum and altcoins like XRP and Solana are also benefiting from this positive trend, indicating a broader bullish outlook for the crypto market.