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The crypto assets market has just welcomed buying after the Trump administration proposed the concept of "tariff dividends." The market seems to really like the idea of "free money."
At the same time, XRP is experiencing a moment - it rose by 10% today, as five spot ETFs have finally been launched on the exchange. The wait for regulatory approval has been long. Liquidity is rapidly flowing in.
Policy noise + product launch = surge in volatility. A classic scenario.