Author: James Wilson

Crypto

PI outshines major altcoins as crypto market nears $2.7T

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Pi Network’s PI (PI) token recovered over the weekend as several altcoins moved higher. PI rose more than 5% in 24 hours and traded above $0.18. Summary PI token gained over 5% in 24 hours, trading above $0.18 during weekend recovery move. Bitcoin briefly touched $78,200 before settling near $78,000 after several days of rangebound trading action. Crypto market cap neared $2.7 trillion as select altcoins gained and Bitcoin dominance topped 58%. The rebound followed recent weakness in the Pi Network token. STABLE led the daily gainers with a 7% move to $0.034, while PI ranked among the stronger performers.…

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Crypto

Why is XRP flat despite record ETF inflows?

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Spot XRP ETFs recorded a new all-time high in cumulative net inflows after investor demand returned in April.  Summary Spot XRP ETFs reached $1.29 billion in cumulative inflows after April demand returned strongly again. XRP stayed near $1.43 despite fresh ETF inflows and renewed investor demand this week recently. Nearly 35 million XRP left exchanges, raising hopes of lower sell pressure ahead for traders. Data from SoSoValue showed total net inflows rising to $1.29 billion by the end of the latest business week. The funds added $15.74 million during the week ending April 24. April inflows reached $81.63 million, making…

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