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Franklin Templeton Debuts Spot XRP ETF
Franklin Templeton’s XRP ETF (XRPZ) launched on NYSE Arca, tracking the CME CF XRP-Dollar Reference Rate. XRP price jumped up to 9% following the debut. The move adds to recent launches from Grayscale, Bitwise, and Canary Capital, signaling broader altcoin ETF adoption. Franklin Templeton, a major asset manager with over $1.6 trillion under management, has expanded its digital asset portfolio by launching a spot exchange-trad…
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JPMorgan upgrades Cipher Mining and CleanSpark to overweight, citing superior hash rate growth and cost efficiency in the evolving bitcoin mining landscape. Price targets trimmed for MARA and Riot Platforms, reflecting concerns over higher energy costs and potential post-halving pressures on profitability. Broader reset signals caution for the sector as bitcoin prices stabilize, with analysts forecasting varied performance among miners through…
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Bitcoin Rebounds from Extreme Oversold Levels as Liquidations Ease and Buyers Return
Bitcoin rebounded 2.7% to around $86,500 after RSI flashed extreme oversold signal. $206 million in weekend liquidations point to seller exhaustion amid thin liquidity. Altcoins like XRP and ZEC led gains, surging 7% and 14% respectively. Bitcoin staged a modest recovery on Sunday, climbing from intraday lows after technical indicators suggested the recent sell-off may have overextended. The leading cryptocurrency traded n…
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Institutional Buyers Dip Into Crypto Sell-Off as Analysts Eye Potential Bottom Amid Lingering Risks
Crypto markets extended losses on Friday, with Bitcoin dipping below $85,000 and total liquidations surpassing $2 billion in leveraged positions over 24 hours. Institutional investors are ‘nibbling’ at dips, viewing the sell-off as a buying opportunity, per Bitwise CIO Matt Hougan. Oversold RSI readings and retail capitulation suggest a tactical bottom may form near $82,000-$84,000, but hawkish Fed signals could prolong pain. ETF…
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Quick Take Michael Saylor pushes back against potential MSCI index exclusion for Strategy, calling it irrelevant to the company’s mission. Strategy’s conviction in Bitcoin remains “unwavering” despite MSTR shares dropping over 40% in the past month. Bitcoin treasury firm highlights its unique structure, arguing no passive vehicle can replicate its capital-raising model. Michael Saylor doubles down on Bitcoin treasury strategy amid mounting p…
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