‘Blood Rushing Back’ Into Crypto as XRP, Dogecoin Soar

In brief

  • XRP and Dogecoin are leading altcoin rallies, with XRP up over 43% in a week, fueled by speculative capital.
  • The U.S. House of Representatives passed three key crypto bills, advancing the Trump administration’s pro-crypto policy agenda.
  • Analyst notes macroeconomic factors, including government spending and inflation fears, prompting investors towards crypto.

Crypto prices have swelled in recent weeks, bolstered by a favorable outcome in Washington, D.C., amid renewed market exuberance and favorable macroeconomic developments.

XRP is leading the pack among the top 20 cryptos by market cap, up nearly 20% on the day and more than 43% in a week. Meanwhile, the seminal meme token Dogecoin is up 9.5% and 19.5% over the same periods,…

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