2025.08.11
Massive USD and USDT Inflows Drive Bitcoin and XRP Buying Frenzy
Over $600 million, mainly from USD and USDT, flowed into the global cryptocurrency market, driving strong buying interest in Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH).
USDT saw $573.2 million in movement, with significant allocations to BTC, USDC, and XRP.
BTC recorded the largest inflow at $516.6 million, followed by XRP, ETH, and BNB.
In contrast, assets like SOL, DOGE, and SUI experienced tens of millions in outflows.
Ultimately, substantial conversions into major fiat currencies such as KRW, USD, EUR, and JPY were observed.
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