Ethereum and XRP Outshine Bitcoin’s $106K Breakout with Stellar Daily Gains
Crypto markets roared back to life as Ethereum and XRP stole the spotlight—leaving even Bitcoin’s $106K milestone in the dust. Traders pivoted fast, chasing altcoin rallies while Wall Street analysts scrambled to justify their 'stablecoin' allocations.
Altseason Arrives Early
ETH and XRP posted double-digit surges, flipping the script on BTC’s dominance. Guess those 'institutional darling' narratives don’t matter when degens smell profits.
The Cynical Take
Meanwhile, traditional finance quietly recalculates its 'blockchain adoption' PowerPoint slides—right after liquidating their positions at the local bottom. Some things never change.
Major altcoins outperforming
Ethereum capitalized on the recent tailwinds and reclaimed the $2,600 zone lost on May 30, following Bitcoin’s movement. At the current price of $2,622.60, ETH is up 89% since its yearly low of $1,385.51, registered on April 9.
While Bitcoin retraced slightly overnight toward $105,000 after peaking at $106,700, Ethereum has held onto its gains. Over the last week, Ethereum has gained 5.5% on Bitcoin.
Furthermore, Ethereum is experiencing significant interest from institutions. Last week, ETH-related funds led in inflows,.
Regarding US-traded spot Ethereum exchange-traded funds (ETFs), data from Farside Investors revealed that the cumulative flowsfor the first time on May 30.
XRP also shows strong performance among the largest cryptocurrencies by market cap, reaching $2.28 after a 5% daily price leap before retracing alongside Bitcoin to $2.23.
Recently, data from Santiment highlighted the relevance of XRP’s upward momentum. As this performance trails only behind Bitcoin.
Institutional interest in XRP as a corporate reserve asset also began to surface. Last week, Chinese AI-powered mobility firm Webus International announced a plan to.
The plan also includes using XRP in payments to remove exchange friction for international trips.
The same week, international EV battery company VivoPower announced that investors agreed to a $121 million private capital raise to fund the company’s transition into an.
