- Retail sector demand declines as Bitcoin, Ethereum, and Ripple prices fall: Retail investors’ interest in Bitcoin is slipping, with open interest in perpetual futures contracts falling to $59.63 billion on Friday, from $62.67 billion the day before. The gradual rise in open interest from its lowest monthly level of $46.40 billion on April 4, alongside Bitcoin’s price moving above $79,000 this week, points to strong support from retail investors. If the current correction continues, the market pressure may increase due to the strength of Bitcoin’s recovery, further deepening the pullback. Daily trading information for Bitcoin futures | Source: CoinGlass The decline in open interest for Ethereum futures contracts to $30.98 billion on Friday, after hitting a weekly high of $32.41 billion the previous day, has led to reduced demand from retail investors. This drop also indicates weakening investor confidence in Ethereum’s ability to sustain its recovery, as most traders prefer closing positions rather than opening new ones. Open interest data for Ethereum futures | Source: CoinGlass Meanwhile, demand for XRP derivatives remains weak, with the average perpetual open interest volume at $2.57 billion on Friday. Open interest has remained relatively stable at this level since Monday after falling from $2.80 billion, the highest monthly level. Therefore, maintaining XRP’s recovery may be difficult, making this digital asset highly susceptible to heavy selling pressure. Daily trading information for XRP futures | Source: CoinGlass $BTC ‌ $ETH ‌ $XRP ‌

David Schwartz from Ripple downplays the hype surrounding the XRP token Speculations about secret connections with government entities have spread. Some also pointed to undisclosed mergers within the financial system. Schwartz has taken steps to dismiss claims that XRP is part of an online dark web launch process. Bold predictions have been linked to the Ripple ecosystem, with internet users forecasting XRP prices reaching $1,000 and $10,000. These predictions are associated with "secret" stories about XRP, with theories suggesting covert deals with central banks. Some believe that Ripple's XRP could form the foundation of a future financial system. These ideas are often circulated as insider information, and they have managed to establish a presence in certain community circles. Schwartz spoke directly on the matter, emphasizing his disbelief in the possibility of a comprehensive hidden design. He said, "There is no conspiracy." A Ripple executive added, "There is no secret plan. There is nothing related to the government or any major issue concerning XRP. Nothing of the sort, as far as I know." He confirmed that his position gives him a broad view, including Ripple's operations and the XRP ecosystem. He monitors internal developments and is also aware of external alliances. Schwartz clarified that he would have known about any significant undisclosed initiative. 📈💯❤️❤️❤️❤️❤️❤️❤️💫💫

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