Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
XRP Leads Altcoin Rally As HYPE Airdrop Breaks Records
Join Matt and Nick as they discuss the recent fluctuations in the crypto market, focusing on Bitcoin's near approach to $100,000 and the significant rally in altcoins, particularly XRP. They also explore Ethereum's ETF developments, MicroStrategy's continued Bitcoin accumulation, and more.
Key Takeaways
- Bitcoin (BTC) failed to surpass $100,000 despite MicroStrategy and Marathon buying more than $2B worth of BTC in recent days.
- When measured against BTC, altcoins had one of their strongest weeks of the year. The standout performer was XRP, which nearly doubled in value over the past week.
- The market is every chance to consolidate for at least a few weeks after such an aggressive rally. However, we still believe the market is poised for higher highs in 2025.
- Hyperliquid (HYPE) executed the largest airdrop to date. At one stage, the median average of the HYPE airdrop was worth $30,000 USD.