XRP market cap briefly surpasses BlackRock, with potential institutional bullish drivers
According to ChainCatcher, citing Finbold, CoinMarketCap data shows that XRP's market capitalization once approached $18.34 billion, briefly surpassing the market capitalization of BlackRock, the world's largest asset management company (which was close to $18 billion at the time) on Sunday. Analysts believe that this round of price surge and bullish sentiment may be related to Ripple's accelerated efforts to obtain a U.S. national trust bank license, which would allow it to operate stablecoins under federal regulation.
As the application deadline approaches, the market is viewing this as a long-term bullish catalyst for XRP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
BTC holdings of the Australian Monochrome spot Bitcoin ETF have risen to 1,158.
