Bitcoin (BTC) rebounded to $106,000 after a 2% increase in the last 24 hours, while Ethereum (ETH) and XRP showed stronger gains, rising by 3.5% and 5% respectively, according to CryptoSlate data.
Bitcoin had previously corrected by 8% from its all-time high of nearly $112,000 on May 22. A Bitfinex report attributed this correction to a court decision on US import tariffs, causing 30-year Treasury yields to exceed 5% for the first time in almost 16 years.
Ethereum reclaimed the $2,600 level on May 30, mirroring Bitcoin's movement, and is up 89% from its yearly low on April 9. Last week, ETH-related funds saw inflows totaling $321.4 million, and cumulative flows for US-traded spot Ethereum ETFs surpassed $3 billion on May 30, according to Farside Investors.
XRP also demonstrated strong performance, initially reaching $2.28 after a 5% daily increase before retracing to $2.23. Santiment data indicated that 90% of XRP's supply is in profit, second only to Bitcoin.
Last week, Webus International, a Chinese AI-powered mobility firm, announced plans to add $300 million in XRP to its treasury. Also last week, VivoPower, an international EV battery company, secured a $121 million private capital raise to transition into an XRP-focused treasury platform.