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The cryptocurrency market continues its downward trajectory. Bitcoin (BTC) has slipped to the $82,000 price point. This is the second time BTC has fallen to this price point in 2025. The global crypto market cap has fallen 4% in the last 24 hours to $2.81 trillion. Other assets are also feeling the beating. Ripple’s XRP token climbed to above $3 for the first time in seven years earlier this year. The asset has lost significant traction over the previous few weeks. Also Read: US Bitcoin Loss: $17B Dumped—Trump Vows ‘Never Sell’ With BTC at $80K Ripple’s XRP Falls 18% Amid Bearish Environment Source: Bitget XRP is down 3.2% in the daily charts, 18.1% in the weekly charts, 11.5% in the 14-day charts, and 9.5% over the previous month. Despite the recent dip, XRP has maintained substantial gains in the yearly charts. The asset is up 249.6% since March 2024. Source: CoinGecko Also Read: Trump Advances to Uproot the De-Dollarization Agenda The latest market dip is likely due to un...

Solaxy ($SOLX) has barreled past $20 million in funds raised just two months after its presale launch. The first Layer-2 solution on Solana has surpassed this funding milestone, following a series of announcements on X detailing the developer upgrades that demonstrate how Solaxy is building a more scalable and interconnected blockchain ecosystem, enhancing speed, security, and seamless interaction across various blockchains. These developments, even before the official launch, strongly indicate the project’s serious approach to addressing the persistent challenges faced by its Layer-1 chain. This is why the project has raised over $2.4 million in just the last week, putting its daily run rate at $350,000. Investors can still participate in the current presale stage, which offers $SOLX tokens at $0.0011632, with approximately 15 hours left. A Solana ETF And More Trump Meme Coins Might Boost The SOL Price Solana’s price has been roc...

The Dogecoin price dropped 4% in the last 24 hours to trade at $0.3510 as of 02:32 a.m. EST on trading volume that plunged 65% to $2.7 billion. This comes as crypto fund manager Bitwise Asset Management officially filed for a DOGE exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). 💥BREAKING: Bitwise files Dogecoin $DOGE ETF. pic.twitter.com/WxJOssCwwK — Crypto Rover (@rovercrc) January 22, 2025 The application is the first attempt by any financial institution to bring a DOGE-related ETF into the highly regulated US market. Dogecoin Price Poised For A Bullish Rally The DOGE price showcases a well-defined uptrend followed by a consolidation phase.  The major bullish momentum began in late October, marked by a sharp price rally (indicated by the green arrow) that took the Dogecoin price from the support near the 200-day Simple Moving Average (SMA) around $0.21 to a high of approximately $0.45.  This rally demonstrated strong ...

Ripple’s XRP token is currently among the best-performing cryptocurrencies among the top 100 projects by market cap. The asset has also outperformed mainstream crypto assets such as Bitcoin (BTC) and Solana (SOL). XRP has reclaimed the $2 mark for the first time since January 2018, nearly seven years ago. Also Read: Amazon Stock (AMZN) Outpaces Dow: Surges 20% in 3 Months XRP’s price is up by 11.9% in the daily charts, 88.6% in the weekly charts, 139.2% in the 14-day charts, and 441% over the previous month. The asset is also up by 339.5% since December 2023. Source: CoinGecko Why Is XRP Rallying? XRP’s latest rally follows WisdomTree’s recent S1 filing for a spot XRP ETF (Exchange Traded Fund). WisdomTree is a financial giant whose ETF filing marks a significant milestone for Ripple’s XRP token. Source – Trackinsight Also Read: Microsoft: Could Bitcoin Shift Lead MSFT to Record 2025? Market participants may be betting on Donald Trump’s pro-cryp...

XRP has long been waiting for a final push, a new trigger that may compel its price to surpass the critical $0.65 price barrier. Ripple, in the meantime, has established key global partnerships that have yet to sway the token’s price. Is a new ATH under work for XRP this September? Let’s find out. Also Read: BRICS: China Exporters Stockpile $500 Billion, Chinese Yuan Could Rise Ripple: New Developments XRP is trading at $0.52, down 0.14% in the last 24 hours. The token is down 3% in the last seven days and 9% in the last month. Despite its grand win against the US SEC, XRP cannot shed market pressure and is gradually swaying back and forth between the $0.50-$0.55 price range. Several leading crypto analysts have, however, issued bullish forecasts for XRP. According to Jack the Rippler, XRP is trading at a lower tier to bounce back noticeably eventually. #XRP has reached the bottom. The next move is a parabolic pump to a new all-time high! pic.twitter.com/vaDCPvbhgo —...

US spot Bitcoin ETFs (exchange-traded funds) recorded $81.36 million net outflows yesterday to bring an end to a two-day positive flow streak as Bitwise says around 66% of institutional investors either increased or maintained their BTC ETF positions in Q2. BlackRock’s IBIT and Franklin’s EZBC were the only two funds to record net inflows on Aug. 14. IBIT saw its reserves grow by $2.68 million, while EZBC saw net inflows of $3.42 million, according to data from SosoValue . Grayscale’s Bitcoin ETF Takes Another Hit, Records Largest Outflows Grayscale’s GBTC took another knock and suffered $56.87 million inflows yesterday. Fidelity’s FBTC registered the second largest outflows for the day after $18.05 million left the fund. During the same trading session, Ark and 21Shares’ ARKB and Bitwise’s BITB also saw outflows of $6.77 million and $5.78 million, respectively. The remaining 6 funds recorded no flows. Trading volume for spot Bitcoin ETFs ...

When the SEC finally approved spot bitcoin ETFs, bullish investors anticipated a flow of new money into bitcoin. Instead, it appears that investors have been more interested in reshuffling their money. A cursory view of trading activity in the newly-listed Bitcoin ETF s could give the impression that they are quite popular. Within three days, trading volumes exceeded $10 billion — far outpacing transactions of any other ETF s launched within the last 12 months. The reality, however, is that money has actually flowed out of bitcoin since the approvals, and bitcoin’s market capitalization has declined by over $60 billion. As sophisticated invest ors who bought the rumor sold the news, most Bitcoin ers simply rotated existing Bitcoin invest ments into the ETF s. New spot ETF cash inflows less than 0.1% of bitcoin’s market cap Record trading volumes in spot bitcoin ETFs According to Bloomberg analysis, as of this week, the combined trading volume of 500 non-bitcoin ETFs th...

Some market observers believe in the imminent SEC approval of a spot Bitcoin ETF . With escalating interest in this news story, updates are arriving seemingly by the second. Thursday afternoon, senior TechCrunch crypto reporter Jacquelyn Melinek said that approval could occur within 24 hours. “Heard from sources extremely close to the matter that the bitcoin spot ETF is going to be approved by the SEC for *multiple* firms’ applications… expecting something tomorrow.” Here is an up-to-the-minute summary of the news on this topic. Grayscale Last year, Grayscale won several surprising victories in its lawsuit against the SEC, with a judge forcing commissioners to reconsider Grayscale’s application to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF . For the first time in a decade, a judge said that commissioners’ denials of spot Bitcoin ETF s while allowing other spot commodity ETF s were “arbitrary and capricious,” forcing them to re-explain their denials or a...

Even if the filings for Bitcoin spot ETFs are rejected, Lee predicts Bitcoin’s halving event will still push up BTC's price — but not to six figures. The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved , according to investment research boutique Fundstrat. In an Aug. 16 interview on CNBC’s Squawk Box, Fundstrat’s managing partner and head of research Tom Lee predicted that a bundle of successful Bitcoin spot ETF applications will shift Bitcoin’s supply-demand dynamics towards considerable price appreciation. When asked what the price of Bitcoin could be by the end of next year, Lee didn’t hold back: “If the spot Bitcoin (ETF) gets approved, I think the demand will be greater than the daily supply of Bitcoin, so the clearing price [...] is over $150,000, it could even be like $180,000.” Lee clarified that this could be the case so long as it is a...