Bitcoin (BTC) trades around $103,000 on Monday following ProCap BTC's announcement that it entered into a business merger with Nasdaq-listed Columbus Circle Capital (CCCM) to go public as ProCap Financial. The new company will hold up to $1 billion worth of BTC in its treasury.
The role of Ripple’s XRP token is expanding the broader Decentralized Finance (DeFi) market with the extended support of multiple platforms. Flare’s constant effort to boost XRP DeFi (XRPFi) attracted $100 million from Vivo Power, an electric vehicle services company.
Overhead pressure continues to weigh on the cryptocurrency market, particularly on highly volatile assets like meme coins. The Official Trump (TRUMP) token is struggling to stay above the $10.00 support level, reflecting a lethargic sentiment.