Bitcoin has surged past $119,000, marking a recent high amid an unprecedented wave of institutional momentum. According to Wu Blockchain, a major institutional fund acquired 6,220 BTC for over $739 million, while also investing $300 million in BTC options, deploying a hybrid strategy of spot holding and derivatives. This move has already yielded an estimated 20.8% return so far this year.
Investor enthusiasm is also evident in crypto-based exchange-traded products (ETPs), with $2.2 billion flowing into BTC-focused funds this week alone, contributing to a record $4.4 billion in total crypto inflows, with Ethereum ETPs receiving $2.12 billion, according to CoinShares and data shared by Binance.
Meanwhile, XRP shocked markets by surpassing oil giant Shell in market capitalization after reaching $3.65, representing a 500% increase since July 2024, as reported by Watcher.Guru. This milestone places XRP among the most valuable assets globally, highlighting both speculative momentum and renewed confidence in the Ripple ecosystem. Dogecoin has also returned to whale territory after a wave of high-volume trades generated swift profits and reignited its price action.
