Following U.S. President Donald Trump's announcement of plans to include XRP and bitcoin in a U.S. crypto strategic reserve, billions of XRP tokens and thousands of bitcoin were sent to exchanges. The influx of XRP and bitcoin contributed to rapid price reversals after a surge. On-chain analysis firm CryptoQuant reported that hourly inflows of XRP reached up to 193 million, with most coming from influential holders executing transactions of 1 million or more XRP. Bitcoin inflows into exchanges also increased significantly, reaching a high of 6,739 BTC in the hour following Trump's announcement. Ether (ETH) inflows spiked to almost 300,000 in an hour. The rise and sudden fall of cryptocurrencies on Monday and Tuesday indicated a contraction in real spot demand, according to CryptoQuant analysts. They noted that unless Bitcoin demand increases, sustaining a rally in crypto prices will remain challenging. Retail accumulation of Bitcoin has been down since early November.



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