While bitcoin continues to trade near $75,000, other cryptocurrencies are gaining attention. XRP, used by Ripple for cross-border transactions, has seen a surge in demand with over $17 million in inflows to US-listed spot XRP ETFs.
This increase in interest is accompanied by positive news, including a partnership with Kyobo Life Insurance to pilot a blockchain-based government bond settlement system in South Korea. Additionally, XRP's derivatives market is showing bullish signals, with rising open interest and positive funding rates.
The total value locked in stablecoin-focused Plasma has grown significantly, reaching $2 billion and making it the seventh-largest blockchain. This growth may be linked to the potential approval of the CLARITY Act in the US, which could clarify regulations for digital assets. Furthermore, Plasma has been chosen to support Tether's new self-custody wallet.
Meanwhile, DOGE's Bollinger Bands are at their tightest since February 2024, indicating a period of low volatility that may soon end with significant price swings. As for bitcoin, it is expected to continue trading near $75,000 due to a combination of on-chain profit-taking, uneven spot demand, and cautious options.