Bloomberg Analyst Reveals Unique Pattern between XRP and Bitcoin!
Jakarta, Pintu News—According to a Bloomberg veteran, Ripple’s surprise price surge could be an important marker for Bitcoin’s movement.
Joe Weisenthal, host of the Odd Lots podcast on Bloomberg, uncovered an interesting observation that is now being discussed among cryptocurrency analysts and enthusiasts.
He mentioned that every time XRP scored a sharp spike, Bitcoin would soon hit its local peak. Does this mean XRP could be an early warning indicator for crypto traders?
XRP soars, Bitcoin follows, then plummets?
In his statement, Weisenthal mentioned that XRP price spikes usually precede Bitcoin (BTC) price peaks. For example, on January 16, 2025, XRP set a new record at $3.40, after a remarkable rally in the final quarter of 2024.
Just a few days later, on January 20, 2025, Bitcoin hit an all-time high of $108,786, creating euphoria in the crypto market.
However, the euphoria did not last long. After recording its peak, the price of XRP actually fell by 47%. This decline was largely triggered by the dampening of market spirits following the SEC’s “pro-crypto” move and declining retail investor interest. This phenomenon led analysts to examine the correlation between XRP and BTC.
Also read: 3 Cryptos in the Spotlight After the Market Crash in April 2025
Bitcoin is Strong but Not Durable
Despite showing resilience amid the global stock market crash, Bitcoin was finally unable to resist the increasing selling pressure. On Sunday, BTC plummeted and broke below the $80,000 level, or around 1.36 billion IDR. Based on data from Coingecko, at the time of writing, BTC is trading at $76,896, or 1.31 billion IDR.
This correction sparked a debate in the crypto community: Has Bitcoin entered a bear market phase? On the one hand, CryptoQuant CEO Ki Young Ju said BTC is actually in an unusual bull market. According to him, while BTC’s market capitalization is stagnant, its realized capitalization value continues to rise. This means that despite the large purchases, the price is not being pushed up due to such strong selling pressure.
Read also: Jamie Dimon, CEO of JPMorgan Chase: Tariffs Could Trigger Inflation and Global Economic Collapse
Crypto is not safe yet?
Meanwhile, renowned financial analyst Peter Schiff has again expressed his skeptical views on cryptocurrencies. He said that none of the tokens, including Bitcoin, have intrinsic value, which explains why all crypto assets will continue to decline further.
Schiff’s statements are often contentious, but given the current market conditions, many investors are starting to consider the worst-case scenario. This is especially true when high volatility still dominates and there is no strong sentiment that can reverse the market direction in the near future.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- U.Today. Bloomberg Veteran Shares Fascinating Observation About XRP and Bitcoin. Accessed April 8, 2025.
- Featured Image: Publish0x
