XRP Price Spike Outpaces Bitcoin as Open Interest Nears 6-Month High
2025-07-11 17:27:26
Main Idea
The article discusses recent market movements in cryptocurrencies, highlighting significant gains in XRP, Ethereum, and Dogecoin, alongside Bitcoin's new all-time highs and related financial activities.
Key Points
1. XRP surged over 12% in 24 hours, reaching a monthly high of $7.2 billion in open interest, nearing its January all-time high of $8.3 billion.
2. Ethereum climbed above $3,000 for the first time in five months, with $258.6 million worth of Ethereum shorts liquidated in 24 hours.
3. Dogecoin (DOGE) jumped 12%, with meme coins overall outperforming major cryptocurrencies like Bitcoin and Ethereum.
4. Bitcoin surpassed $118,000, gaining 6.2% in the past day, with over $81 billion in trading volume since January.
5. SharpLink Gaming shares rose 71% after purchasing $30 million in ETH from the Ethereum Foundation.
Description
Bitcoin keeps pushing to new highs, but the Ripple-linked XRP has actually surged more over the past day while open interest soars.
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