Share this article
XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K
Solana, dogecoin, and ether also rallied, while CME crypto futures hit $30B in open interest, signaling growing institutional demand.
Aug 26, 2025, 8:43 p.m.
What to know:
- XRP led a broad crypto rebound Tuesday, gaining 6% as traders jumped back in after Monday’s sell-off.
- CME crypto futures hit $30B in open interest, with XRP becoming the fastest contract to cross the $1B mark.
- Analysts warn of overheated sentiment ahead of Friday’s PCE inflation data, a key signal for the Fed's next move.
Altcoins bounced back sharply on Tuesday after a steep sell-off over the prior 48 hours, with traders seizing lower prices as an opportunity to re-enter the market.
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
XRP led the recovery, gaining 6% over the past 24 hours. Solana and each climbed about 4.5%, while ethereum added 5% over the same period. Open interest across these tokens also ticked higher, signaling renewed speculative activity. XRP once again stood out, with its open interest rising 4.2% in the past day.
The uptick comes as CME Group announced earlier Tuesday that its crypto futures suite surpassed $30 billion in notional open interest for the first time. SOL and XRP futures each crossed the $1 billion mark, with XRP becoming the fastest contract to reach that level—doing so in just over three months. Analysts see this milestone as evidence of market maturity and growing institutional participation in crypto derivatives, not to mention the sort of interest a spot XRP ETF might generate.
"Think people might be underestimating demand for spot XRP ETFs," wrote ETF expert Nate Geraci.
The broader market also strengthened, with the CoinDesk 20 Index (CD20) up 3.6% on Tuesday. Bitcoin lagged behind, gaining only about 1%, but did cross back over the $111,000 mark after dropping below $109,000 at one point hours earlier.
Both bitcoin and ether hit record highs earlier this month, lifted by expectations of monetary easing and increased institutional demand. Yet sentiment may be running too hot, according to blockchain analytics firm Santiment. In a report published Sunday, the firm warned that optimism around a potential Federal Reserve rate cut in September has reached levels that often precede corrections.
“While optimism about a rate cut is fueling the market, social data suggests caution is warranted,” Santiment said, pointing to a spike in online chatter around the Fed decision. The firm cautioned that if expectations of easing fail to materialize, the market could see a “swift correction.”
Traders are now watching Friday’s release of the Personal Consumption Expenditures (PCE) Price Index as a key signal for the Fed’s next move.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Що варто знати:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
