Crypto Currency

Will XRP Reach $10 in 2025? Price Shows Mixed Signals at New Year’s Eve

It is New Year’s Eve, and XRP is flashing mixed signals despite its strong performance in 2024. The payment-focused cryptocurrency currently trades at $2.12, representing a price surge of 5% despite weekly losses of 8%, according to CoinMarketCap data. A surge in transactional activity has bolstered optimism among investors…

Published 2 years ago in
Will XRP Reach $10 in 2025? Price Shows Mixed Signals at New Year’s Eve

It is New Year’s Eve, and XRP is flashing mixed signals
despite its strong performance in 2024. The payment-focused cryptocurrency currently
trades at $2.12, representing a price surge of 5% despite weekly losses of 8%,
according to CoinMarketCap data. A surge in transactional activity has bolstered
optimism among investors…
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Crypto Currency

Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…

Published 10 hours ago in
Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…
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Crypto Currency

Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility

Published 10 hours ago in
Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility […]
The post Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase appeared first on Blockonomi…
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Crypto Currency

BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…

Published 10 hours ago in
BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…
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Crypto Currency

Bitcoin miner margins fall to record low: Will BTC’s $60K floor hold?

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…

Published 10 hours ago in

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…
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