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Crypto Market Rebounds as Hot Capital Sees Significant Surge in SOL and XRP
- The cryptocurrency market saw recent adjustments with a surge in short-term capital for Solana (SOL) and XRP as of April 28, 2025.
- Solana's market cap surpassed $9 billion on April 28, marking a recovery from previous lows, showing a significant upward trend in hot capital.
- XRP also experienced a notable surge in hot capital, increasing by 134.9% from April 20 to April 28, 2025.
- Despite the recent rebound, XRP's hot capital remains below its peak in December 2024, with a 72% decline.
- The influx of hot capital in SOL and XRP aligns with a broader trend of recovery in various asset classes in the crypto market.
- However, hot capital for BTC, ETH, SOL, and XRP still lags behind their cycle highs, indicating a gradual recovery.
- Solana's hot capital reached $9.46 billion on April 28, showing a significant increase over a 7-day period, the largest since January 2025.
- XRP and Solana lead recent rebounds, with investor sentiment shifting in favor of these altcoins for different reasons.
- The overall market outlook indicates a slow but steady recovery, with Bitcoin and Ethereum price recoveries potentially benefiting lower-tier cryptocurrencies.
- Despite the market volatility, the increased hot capital for SOL and XRP suggests continued interest in innovative digital assets.
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