🌀Grayscale has released a new report on cryptocurrency returns, with Bitcoin (BTC) and Ripple (XRP) ranking among the top performers. Bitcoin strengthened its position thanks to growing institutional investor interest and the success of spot Bitcoin ETFs, which brought in over $38 billion. Ripple’s success is linked to a breakthrough in its years-long legal battle with the SEC, after which the market began to view XRP as a safer asset.
🌀Meanwhile, Ethereum (ETH) and Dogecoin (DOGE) showed negative dynamics. Ether lost about 47% of its value due to a decline in dominance, while meme coins, including Dogecoin, faced massive capital outflows amid geopolitical instability. Investors are increasingly favoring more reliable instruments, shaping new trends in the cryptocurrency market.