XRP volume rises 212% on Singapore exchange as institutional appetite grows
212% increase was seen in XRP spot purchase volumes, outpacing the sell side by over two times.
Bitrue, a cryptocurrency exchange based in Singapore, has noticed a significant increase in activity surrounding XRP, coinciding with growing interest in the cryptocurrency from larger institutions.
Bitrue reported a significant jump in XRP purchases, with volumes increasing by 212%. They noted that between February 23rd and 24th, customers bought more than twice as much XRP as they sold, showing strong demand for the cryptocurrency. Bitrue has been a long-time supporter of XRP.
XRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 — U.Today Crypto Digest
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Bitrue reported a recent increase in activity happened at the same time as institutional investors have been steadily buying XRP, especially since the introduction of XRP ETFs.
XRP exchange-traded funds, which began trading in mid-November, have consistently seen more money flowing in than flowing out. To date, these funds have gained a total of $1.1 billion, with positive weekly inflows and only five days experiencing net outflows.
Bitcoin ETFs back in demand with $506 million single-day inflow
After a few weeks of slow investment, money is starting to flow back into Bitcoin ETFs. This renewed interest from institutions seems to be linked to the recent rise in Bitcoin’s price.
The cryptocurrency market is starting to recover, and that positive trend is now benefiting U.S. Bitcoin ETFs. Data from SosoValue shows a significant increase in demand on Wednesday, February 25th, with these ETFs seeing a net inflow of $506.51 million in a single day.
After several weeks of low investor activity caused by market uncertainty, we’re now seeing a large increase in investment. This quick turnaround likely means that institutions are more interested in buying Bitcoin, especially after its recent price jump to $69,150.
BlackRock continues to be a major force in Bitcoin ETFs, and recently saw the largest amount of money flowing in – over 58% of the total for that day.
Dogecoin reclaims $0.10 as price jumps 8% in 24 hours
DOGE is on track to end the week on a positive note for the second time this year.
Dogecoin, a popular cryptocurrency known as a “meme coin,” recently recovered from a low of $0.09335 and climbed above $0.10. The coin reached a high of $0.1057 during the day, with both its price and trading volume increasing after a period of market instability.
According to CoinMarketCap, Dogecoin rose by more than 7%, doing better than Bitcoin, which it usually follows. While Bitcoin also increased in value, its gain was only 4.35% during the same timeframe.
Dogecoin’s recent price increase is mainly due to investors buying back into meme coins, after previously selling them. This buying activity created a ‘short squeeze,’ pushing Dogecoin’s value up. If investors continue to buy, Dogecoin’s price could keep rising.
For the recent price increase to mean anything, the meme coin needs to stay above $0.095 and remain stable after falling back to around $0.1023.
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2026-02-28 00:56