Bitcoin & XRP Surge: Bitcoin Outperforms, XRP Gains Market Depth & ETF Approval Hopes
Bitcoin and XRP, two prominent cryptocurrencies, have experienced significant activity and changes recently. While Bitcoin outperformed broader risk assets in April, XRP has gained traction with increased market depth and potential ETF approvals.
In April, Bitcoin managed to post smaller losses than U.S. tech equities, outperforming broader risk assets. Meanwhile, XRP's market depth soared since late 2024, flipping SOL and doubling ADA. This growth was further boosted by the SEC acknowledging XRP applications for spot ETFs towards the end of February. Notably, Bitcoin's 1% market depth rose to $500 million by the quarter's end, despite rising volatility.
The cryptocurrency landscape continues to evolve, with Bitcoin and XRP demonstrating resilience and growth potential. As ETF approvals and market developments unfold, investors and enthusiasts alike eagerly await further news and opportunities.
