XRP Price Adding Zero No Longer Possibility, Strategy Announces Massive Bitcoin Purchase, 160 Billion Shiba Inu (SHIB) Inflows in 2 Days: Crypto News Digest by U.Today

U.Today - Here are the top three crypto news stories over the past day presented to you by U.Today.

XRP price adding zero no longer possibility

In the past week, XRP was at risk of adding a zero to its price and potentially dropping below the $1 mark due to an intense sell-off. Luckily for the asset, the crypto market is currently recovering, and the risk was effectively erased. At press time, XRP is changing hands at $2.18, up 2.31% over the past 24 hours, per CoinMarketCap data, seeing a 12.11% increase over the past seven days. The fear of XRP’s massive drop was heightened during a broader market crash; at the peak of the sell-off, XRP plunged to a monthly low of $1.64, with the asset’s trading volume also experiencing a fall. However, trading volume has stabilized, indicating renewed interest in XRP. Additionally, growing hype around XRP ETFs and the potential involvement of major firms like BlackRock and Fidelity could further boost the asset’s growth prospects.

Strategy announces massive Bitcoin purchase

As announced by Strategy business intelligence firm on Monday, April 14, it has acquired additional 3,459 BTC worth $285 million at around $82,618 per coin. The purchase brought Strategy’s total holdings to 531,644 BTC, with the company now accounting for 2.5% of the cryptocurrency’s total supply (21 million). The Bitcoin community was anticipating this significant purchase following a teaser by Strategy’s cofounder Michael Saylor on his X page. "21M is the most important number in finance," wrote Saylor in his X post from April 12. Strategy’s average purchase price for Bitcoin is nearing $68,000. Currently, Bitcoin’s price is sitting slightly above $85,000; despite the size of Strategy’s purchase, it had little impact on the flagship crypto’s price.

160 billion Shiba Inu (SHIB) inflows in two days: Do whales know something?

Shiba Inu is gaining attention thanks to notable whale activity. Over the past two days, 160 billion tokens have flown into the asset. According to netflow data provided by IntoTheBlock, large holders are ramping up their accumulation after a period of stagnation, with netflows rising sharply to over 80 billion SHIB per day. This short-term shift suggests a possible turning point, even though netflows are still in negative territory over longer time periods. At the moment, SHIB is trading at about $0.000012, showing resilience by holding above key support levels, although it still lags behind important moving averages. The recent uptick in interest from both whales and smaller traders raises questions about potential price movements, but the overall lack of innovation in the SHIB ecosystem leaves its long-term recovery uncertain.

This content was originally published on U.Today