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iShares Bitcoin Trust ETF (IBIT) recorded over $1.1 billion in new cash inflows last week, marking its strongest performance since March 2024. Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, shared the data, highlighting IBIT’s rapid ascent in the ETF landscape.
Year-to-date, Cardano’s (ADA) price has decreased by 46%. As a result, ADA holders are losing faith in the token’s long-term potential as it pushes closer to the critical $0.30 mark.
Growing concerns over ADA’s declining price and stagnant momentum have fueled this sentiment.
The US Securities and Exchange Commission (SEC) has officially appealed its case against Ripple Labs over XRP. This comes after speculation about whether the regulator missed its deadline to do so.
Since the filing, XRP has been on a downward trajectory, sliding 2% in the past 24 hours.