Drift Protocol has entered into a strategic collaboration with Tether to support the reimbursement of funds stolen in an April 1 exploit.
Charles Schwab, a brokerage and investment company, announced on Thursday a phased launch of spot crypto trading offers, targeting its retail clients over the coming weeks.
Ripple (XRP) maintains a neutral-to-bullish tone, trading above $1.41 at the time of writing on Thursday, supported by renewed institutional and retail interest. A steady price increase could accelerate the remittance token toward the next resistance levels at $1.50 and $1.55.
Cryptocurrency prices are broadly consolidating, with Bitcoin (BTC) extending sideways action slightly below the $75,000 threshold, even as institutional inflows continue to support the market.
Bitcoin (BTC) price holds its gains, trading above $75,000 on Thursday as risk appetite improves amid hopes of a US-Iran peace deal. Institutional demand shows signs of optimism as spot Bitcoin Exchange Traded Funds (ETFs) recorded their second consecutive day of inflows this week.
Pi Network (PI) extends gains by roughly 1.55% at press time on Thursday, crossing above the $0.1700 mark. The social buzz surrounding PI is stabilizing, while daily flows on Centralized Exchanges (CEXs) show renewed retail interest.
Pepe (PEPE) extends roughly 8% gains at press time on Thursday, recovering as the broader market risk-off sentiment wanes with truce negotiations between the US and Iran.
PancakeSwap (CAKE) trades in green above $1.60 on Thursday after finding support around the key level the previous day. Improving derivatives metrics, alongside constructive price action, suggest CAKE could extend its upward move in the coming days.
Shiba Inu (SHIB) price nears key resistance level, trading at $0.0000060 as of writing on Thursday, which dictates the next directional move.
Solana (SOL) hints at a potential collaboration with Ripple (XRP) with a short, cryptic video release featuring both their logos and the caption “XRP.” The anticipation among investors drives a surge in demand for XRP and SOL derivatives.
The broader cryptocurrency market holds steady with Bitcoin (BTC) and Ethereum (ETH) above $74,000 and $2,350, respectively, at press time on Thursday, while Ripple (XRP) holds at $1.40.
Bitcoin is beginning to show signs of stabilization after a prolonged period of losses, although the recovery remains fragile and lacks strong participation, according to a Glassnode report released Wednesday.
Ethereum (ETH) has continued to trade above $3,300 on Wednesday amid improving signs across several key onchain metrics.
Bitwise Investments has launched its spot Avalanche ETF, now trading under the ticker BAVA on the New York Stock Exchange (NYSE), according to a Wednesday statement.
Lido DAO (LDO) edges up above $0.37 at the time of writing on Wednesday, as crypto prices broadly recover. The liquid staking token (LST) is up over 8% on the day, supported by strong momentum indicators. Reclaiming the supply zone around $0.40 could increase the odds of a sustained recovery.
World Liberty Financial token (WLFI) is trading around $0.08 at the time of writing on Wednesday, in line with relatively suppressed sentiment across the crypto market. The Decentralized Finance (DeFi) token trades within a broader downtrend from a record high of $0.33 in September.
Ripple (XRP) is navigating a period of subdued volatility, trading around $1.35 at the time of writing on Wednesday. The suppressed outlook follows a rejection from highs around $1.40 and reflects fragile sentiment in the broader crypto market amid geopolitical tensions in the Middle East.
The cryptocurrency market is broadly correcting on Wednesday following modest early-week gains that pushed Bitcoin (BTC) to highs around $76,000.
Bitcoin (BTC) is nearing a key breakout level around $73,400 as of writing on Wednesday and, if it holds, it would suggest a bullish move ahead.
The recent investigation by the New York Times has put the focus back on Bitcoin’s creator. Little is known about Satoshi’s true identity – whether it was one individual, a team, or even a collective –, so speculation and theories have been circulating in the markets.
Solana (SOL) remains under pressure, trading around $80 at press time on Wednesday, down 5% the previous day. Lack of institutional support for Solana prolongs its consolidation while the retail market shows near-term sell-side dominance.
Cardano (ADA) is trading below $0.240 on Wednesday, down nearly 4% after a rejection at the key resistance level the previous day.
The broader cryptocurrency market steadies, with Bitcoin (BTC) holding above $74,000 at press time on Wednesday amid US-Iran ceasefire talks and the dual blockade of the Strait of Hormuz. Meanwhile, RaveDAO (RAVE) and DeXe (DEXE) emerge as top performers over the last 24 hours.
Bitcoin (BTC) and Ethereum (ETH) extend their recent gains, while Ripple (XRP) lags. BTC is holding near multi-week highs, while ETH is testing a key Fibonacci resistance level, but XRP’s muted price action indicates ongoing indecision among traders.
Goldman Sachs filed a registration statement with the US Securities & Exchange Commission (SEC) on Tuesday for the Goldman Sachs Bitcoin Premium Income exchange-traded fund (ETF). The proposed fund aims to generate income by maintaining exposure to Bitcoin-linked assets.
Ethereum (ETH) briefly recovered the $2,400 level on Tuesday, its highest level since February 1, following the latest developments in peace talks between the US and Iran.
Bitwise Chief Investment Officer (CIO) Matt Hougan said Bitcoin's recent strength amid escalating geopolitical tensions reflects a deeper shift in global finance.
Bittensor (TAO) is in an active downward trend, down nearly 3% to trade around $252 at the time of writing on Tuesday. Sentiment surrounding the crypto Artificial Intelligence (AI) market has remained significantly depressed since last week, following the exit of subnet developer Covenant AI.
Ripple (XRP) hovers around $1.37 at the time of writing on Tuesday, with its upside largely capped below the $1.40 supply threshold.
The cryptocurrency market continues to display signs of resilience amid the tensions in the Middle East, with Bitcoin (BTC) extending its rebound above $74,000 at the time of writing on Tuesday.