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According to the data from Farside Investors, BlackRock’s Bitcoin (BTC) ETF purchased $351.4 million worth of the asset on May 1. The world’s largest asset manager has bought $3.2 billion worth of BTC since Apr. 22. Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It Happen Source: Farside Investors Bitcoin Gains Amid Big BlackRock Purchases Source: Watcher Guru BlackRock’s recent purchases coincide with BTC’s latest recovery rally. BTC is facing some resistance at the $97,000 mark. The asset briefly breached the $97,000 mark earlier today. The original crypto has since fallen to the $96,000 level. BTC is trading in the green zone across the board today. The asset is up 1% in the daily charts, 3.5% in the weekly charts, 14.8% in the 14-day charts, 14.3% in the monthly charts, and 67.8% since May 2024. Source: CoinGecko Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead Other bullish developments may have also aid...

The cryptocurrency market has gotten an undeniable boost this year with a host of massive developments. However, there is none that has gotten a bigger lift than Ripple, which looks poised to reach a new all-time high at some point in 2025. The question is, just how high will XRP soar this year? The US Securities and Exchange Commission (SEC) had recently dropped its lawsuit against Ripple, according to CEO Brad Garlinghouse. Although XRP has yet to boom from the news, there are high hopes for its continued ascension over the coming months. Specifically, it is expected to set a new record price before the year is through. Source: Crypto Head Also Read: Ripple: How Much XRP Should You Hold For Life-Changing Returns? Ripple Looks Bound for New All-Time High: But Just How High Can It Go? With the arrival of the Trump administration, the cryptocurrency market has gotten a notable boost. Indeed, the return of US President Donald Trump has brought with it a completely overhauled cryptocurren...

Ethereum (ETH) has once again breached the $4000 level. The asset has rallied 1.4% in the daily charts, 8.1% in the weekly charts, 10.1% in the 14-day charts, and 30% over the previous month. ETH’s price has also risen by 80.5% since December 2023. Also Read: Walmart is Yahoo’s Company of the Year: What’s It’s Stock Future? Source: CoinGecko Why Is Ethereum Rallying? ETH has struggled to hold the $4000 price point this year. The second-largest crypto project by market cap breached the $4000 mark in March and earlier this month. Prices did not hold in both instances, and the asset quickly faced a correction. Source: CNBC Also Read: Why is XRP called Ripple? ETH’s latest rally could be due to Bitcoin (BTC) rising to a new all-time high of $107,822 on Dec. 16, 2024. BTC is the market leader, and other assets tend to follow its trajectory. With Donald Trump’s inauguration set to take place on Jan. 20, 2025, we may witness another market-wide rally. Trump’s pro-crypto...

Payments-focused crypto asset XRP has suddenly broken out in price, surpassing the market cap of Solana (SOL) and Tether’s USDT after outperforming the market. XRP hit a price of $2.81 early on Monday and has since retraced slightly to $2.68, giving it 424% gains in the last 30 days. At time of writing, XRP has a market cap of $152.5 billion and a fully diluted valuation of $257.4 billion, making it the third-largest crypto asset. Last week, reports surfaced from Fox News’ Eleanor Terret that global exchange-traded fund (ETF) giant WisdomTree had filed for a spot XRP ETF product in the state of Delaware. Now, official filings with the SEC for the product have been released for WisdomTree’s “WisdomTree XRP fund,” which aims to give investors exposure to XRP through issuing shares of the fund on the Cboe BZX Exchange. The filing names Coinbase, the biggest crypto exchange in the US as the fund’s custodian. “Coinbase serve...

The cryptocurrency market seems to be facing a correction after its recent surge. Bitcoin (BTC) hit a new all-time high of $89,864.13 on Nov. 12, 2024. BTC’s upward momentum triggered a market-wide rally over the last few days. Amid the correction, LookOnChain highlights that Tron’s (TRX) market cap has hit a new all-time high of over $16 billion. Also Read: XRP’s Rare Pattern: Top Trader Predicts $1 After 17% Surge The market cap of $TRON has exceeded $16 billion, setting a new all-time high! pic.twitter.com/4VW0sXVj0t — Lookonchain (@lookonchain) November 13, 2024 While the project’s market cap is at an all-time high, TRX is down by 23.7% from its peak of $0.2317, which it accomplished in January 2018, almost seven years ago. While the market is facing a correction, Tron (TRX) seems to be weathering the storm quite well. The asset is up by 5% in the daily charts, 8.7% in the weekly charts, 5.7% in the 14-day charts, and more than 10% over the previous month. TR...

Ripple’s XRP token seems to be defying the general market trend. The asset has climbed 5.8% in the daily charts, 6.2% in the weekly charts, and 0.8% in the 14-day charts. On the other hand, Bitcoin (BTC) has dipped 0.4% in the last 24 hours and continues to trade just below $58,000. Source: CoinGecko Also Read: Popcat and Dogwifhat (WIF) Price Prediction For The Weekend Ripple’s XRP token’s latest rally is likely due to Grayscale launching the first US XRP trust. The move has rekindled talks about a potential XRP ETF later this year. The launch of the Bitcoin ETFs earlier this year opened the door to more crypto-based ETF products. An XRP ETF could lead to the asset hitting a new all-time high. How Much XRP Is Needed To Be A Millionaire When It Hits $7? Source – FXEmpire Hitting $7 from current prices will entail a rally of about 1150%. Reaching this price point will also mean a new all-time high for XRP. The asset is currently down by over 83% from its all-time ...

Bitcoin (BTC) is still aiming to break past the $60,000 resistance during a period of price consolidation, with investors awaiting signs of a bullish breakout. Amid current market sentiment, Cycles Fan’s Analysis in an X post on August 18 pointed out that Bitcoin might be primed for a new high by the end of the year. However, the cryptocurrency must overcome several hurdles to validate this bullish outlook. The expert emphasized the importance of Bitcoin’s interaction with the 50-week moving average (MA). Last week’s bottom around this critical technical level closely resembles the price action seen in June and July 2021, preceding a significant rally in Bitcoin’s price. Picks for you AI analyzes 10 bearish things about Solana before buying SOL 42 mins ago ...