LTC and Altcoins Ride the Wave of Crypto Inflows as Ethereum Leads the Charge
The cryptocurrency market continues its bullish momentum, with Ethereum dominating inflows and altcoins like Solana and XRP showing strong performance. This article delves into the latest trends and what they mean for the future of digital assets.
Ethereum Dominates Crypto Inflows as Altcoin Momentum Builds
Ethereum investment products attracted $1.59 billion last week, marking the second-largest weekly inflow on record. The broader digital asset market extended its 15-week positive streak with $1.9 billion in total inflows, pushing month-to-date totals to $11.2 billion—far surpassing December 2024's post-election surge of $7.6 billion.
Altcoins showed divergent performance. Solana and XRP posted strong inflows of $311 million and $189 million respectively, while Cardano and Chainlink managed modest gains. Bitcoin bucked the trend with $175 million in outflows, fueling speculation of a rotational shift into altcoins. Selective appetite left Litecoin and Bitcoin Cash in negative territory.
Year-to-date ethereum inflows now stand at $7.79 billion, eclipsing all of 2023's totals. The data suggests institutional investors may be rebalancing portfolios amid evolving market narratives.
PayPal’s Crypto Payments to Drive Adoption Explosion, Best Wallet Stands Ready
PayPal's launch of Pay with Crypto marks a significant leap in mainstream cryptocurrency adoption. The service enables global merchants to accept crypto payments, reducing cross-border fees by up to 90% and offering near-instant settlement. This move connects 650 million crypto users with merchants, effectively bridging the gap between digital assets and everyday commerce.
The $3 trillion crypto market becomes instantly accessible to merchants through PayPal's platform, which converts crypto to stablecoins or fiat at a competitive 0.99% transaction rate. This undercuts traditional credit card networks, where fees typically range from 1.10% to 3.15% per transaction.
While supported wallets like MetaMask, Coinbase, and Binance benefit directly, the entire ecosystem stands to gain. Services like Best Wallet, supporting over 1,000 assets across 60 blockchains, position themselves as secure hubs for managing digital assets amid growing demand.
Litecoin's 2017 Bull Signal Reappears, Hinting at Potential Rally
Litecoin, the often-overlooked cryptocurrency, may be poised for a significant price movement. A technical indicator that preceded its 100% rally in 2017 has resurfaced on monthly charts. The Average Directional Index (ADX) has bounced off the critical 20 level—a threshold that historically marked the beginning of Litecoin's most powerful trends.
Crypto analyst Tony "The Bull" Severino highlights the striking similarity to the 2017 setup, when Litecoin surged from $3.50. The current price action shows the +DI directional indicator lifting from recent lows, mirroring the early stages of that historic breakout. This development comes after months of tight consolidation, with LTC hovering near $110 following a brief climb above $125 in mid-July.
Market observers note that when ADX remained below 20 during the 2020-2021 cycle, Litecoin underperformed. The current technical alignment suggests the quiet period may be ending. "History doesn't repeat, but it often rhymes," remarked one trader, recalling how such signals preceded both parabolic rises and prolonged consolidations in altcoin markets.
