Ethereum Surpasses Bitcoin in Volume but Faces Correction; XRP Transfer Sparks Fears

Ethereum has recently exceeded Bitcoin in spot trading volume for the first time since June 2024, showcasing increased investor interest. However, ETH faced a correction after climbing close to $4,000, dipping to approximately $3,566, yet maintaining a 7% gain over the week. The surge in ETH futures open interest indicates a bullish market sentiment, with traders increasingly taking long positions and FOMO levels rising significantly. Meanwhile, many analysts suggest the traditional Bitcoin cycle of boom and bust might be ending, as market maturity and institutional involvement reduce volatility and deep corrections, especially with a bullish influence from recent political developments. Additionally, a notable transfer of $140 million in XRP from Ripple co-founder wallets heightened fears of insider selling, resulting in an 8% drop to a weekly low of $2.99, amidst concerns over centralization and market stability.