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Cryptocurrency News Articles

Bitcoin (BTC) Hovered Near $100,000 as Recent Analytics Showed Investors Rotating Capital from Bitcoin into Prominent Altcoins

May 28, 2025 at 05:01 am

Bitcoin hovered close to $110,000 on Tuesday, with recent on-chain analytics showing investors rotating capital from Bitcoin into prominent altcoins, notably XRP and Solana.

Bitcoin price hovered above $110,000 on Tuesday, as recent on-chain analytics highlighted a shift in capital from BTC to prominent altcoins, particularly XRP and Solana.

Both cryptocurrencies have come into strong focus among retail and institutional investors in 2025, sparking fierce discussion about their future prospects.

Veteran trader Peter Brandt recently invited his followers to choose between XRP and Solana as a recipient for a $100,000 investment, further igniting debate.

At the time of writing on Tuesday, XRP’s price stood at $2.34, displaying a slight downward bias from recent highs. Its market capitalization was valued at $135.65 billion, placing it seventh in the global ranking of cryptocurrencies by market cap.

Solana, on the other hand, traded at $177.93, showing a more bullish bias as it approached a crucial technical resistance. Solana’s market cap was estimated at $91.66 billion, making it the tenth largest cryptocurrency.

Both cryptocurrencies werepivotal in the broader crypto market trends in 2025. XRP experienced a strong recovery after being delisted by major crypto exchanges due to the U.S. Securities and Exchange Commission’s lawsuit against Ripple.

The SEC case, which started in 2020, focused on whether XRP should be classified as an unregistered security, leading to the delisting of XRP from major exchanges in December 2020.

However, in May 2025, a judge’s ruling in the case brought significant implications for the crypto industry. Despite losing a key part of the case, the SEC’s claims for institutional knowledge of cryptocurrencies were largely rejected, and the agency’s actions were deemed abusive.

This ruling had a bullish impact on XRP price, which broke out of an extended consolidation phase at around $2.65 in mid-May. As the token approached technical resistance at $2.50, momentum indicators RSI and MACD showed mixed signals, but the general sentiment remained cautiously optimistic.

Analysts pointed out crucial technical resistance levels for XRP at $2.80 and the psychological barrier of $3.00.

Solana, on the other hand, displayed a strong upward momentum recently as it approached a key technical resistance at around $180. Breaking above this level could propel Solana towards additional resistance at the $200 mark, with a potential further target at approximately $218.40.

Higher-timeframe outlook remained bullish on Solana, supported by strong sentiment and increased blockchain usage. But traders were monitoring the possibility of a pullback towards near-term support at around $147 in the event of broader market volatility.

Bitcoin price movements were also crucial, especially for Solana traders, given their close correlation, which stood at about 0.94 according to Macroaxis data. In contrast, XRP’s correlation with Bitcoin was more moderate, estimated at around 0.49.

For traders considering an allocation of $100,000, the decision between XRP and Solana largely depended on their investment preference and broader strategic goals.

Solana might appeal more to traders seeking volatility and short- to medium-term market returns. It was also pertinent to investors focused on blockchain technology and its potential in decentralized finance (DeFi), as Solana’s blockchain platform had seen a surge in new decentralized exchanges (DEXs) and popular meme coin platforms like Pump.fun.

This development significantly boosted Solana’s Total Value Locked (TVL), a crucial metric in measuring the liquidity and activity within a DeFi ecosystem.

Moreover, Solana had attracted high-profile meme coin projects, including tokens associated with former U.S. President Donald Trump and former First Lady Melania Trump, further solidifying Solana’s role in these market segments.

In terms of broader institutional and legislative involvement, Solana was making strategic moves. During its Accelerate 2025 conference, senior U.S. legislators, including Senators Bill Hagerty and Rick Scott, and Representative French Hill, addressed attendees alongside Solana’s policy leadership.

This engagement highlighted Solana’s increasing influence within institutional and legislative circles as it competed directly against Ethereum’s dominance in the DeFi and smart-contract sectors.

Ultimately, Peter Brandt’s recent poll encapsulated investor sentiment clearly: both XRP and Solana were drawing heavily polarized interest, and their future performance in 2025 and beyond would significantly depend on regulatory developments, technological innovations, and institutional adoption within their respective ecosystems.

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Other articles published on May 30, 2025