Solana and XRP Remain Resilient Amidst Cryptocurrency Market Outflows

Over the past ten weeks, the cryptocurrency market has witnessed a significant decline in liquidity, resulting in a collective loss of nearly $500 million, encompassing Bitcoin and the broader market

In the previous week alone, there was a net outflow of $9 million from the cryptocurrency market, contributing to an overall outflow of nearly $464 million during the preceding ten-week period

Remarkably, Europe has exhibited a stronger resistance to cryptocurrency market outflows compared to other global regions, recording approximately $16 million in inflows over the past week

During recent weeks, Bitcoin and Ethereum have experienced substantial withdrawals, while Solana and XRP have witnessed inflows

The prices of XRP and Solana have closely mirrored each other's movements since mid-July, a period that coincided with Ripple prevailing over the SEC in a legal battle regarding the classification of XRP as a security.