Global Markets Dominate Cryptocurrency Price Movement

The global market is currently experiencing high levels of tension, driven by geopolitical issues such as the Strait of Hormuz disruption affecting commodity prices and inflation fears. As a result, investors are rotating their crypto exposure, favoring certain altcoins over Bitcoin.

According to recent data, XRP ETFs have seen significant inflows, with $42 million in net investments over the past week. In contrast, Bitcoin ETFs experienced a substantial outflow of $1.4 billion.

The price of Bitcoin has remained relatively stagnant near $77,200 despite positive regulatory news and recent upgrades in some crypto sectors. However, altcoins such as NEAR and ONDO have shown significant gains, with increases of 32.59% and 15.75%, respectively.