XRP Rebounds; Strategy Buys Bitcoin, Shiba Inu Whales Spark Activity: Crypto News Roundup

Over the past 24 hours, XRP has rebounded after narrowly escaping a potential drop below $1. The asset is now trading at $2.18, up over 2%, with recent growth attributed to the recovering crypto market and growing hype around potential XRP ETFs and institutional investments from major firms like BlackRock and Fidelity. Meanwhile, Strategy’s massive Bitcoin purchase has added further volatility to the market. The firm purchased an additional 3,459 BTC worth $285 million at roughly $82,618 per coin, boosting their holdings to 531,644 BTC and representing 2.5% of the cryptocurrency’s total supply. Lastly, Shiba Inu (SHIB) experienced a surge in whale activity, with over 160 billion tokens flowing into the asset in just two days, according to IntoTheBlock data. This indicates a possible turning point, although long-term SHIB recovery remains uncertain.