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Strategy, previously MicroStrategy, made another Bitcoin purchase between July 23 and 30, extending the company’s weekly BTC purchase streak, which began in April, to a record 12 weeks. Meanwhile, the MSTR stock is up from its weekly close of $383 last week and is looking to reclaim the $400 level. Strategy Acquires 4,980 BTC for
The post Breaking: Strategy (MSTR) Makes 12th Consecutive Weekly Purchase With $531M Bitcoin Buy appeared first on CoinGape.
US President Donald Trump is again getting much attention from the crypto community due to the upcoming meme coin dinner on May 22. The dinner invitees will be the largest holders of the TRUMP meme coin and include Tron founder Justin Sun. With only a day left to this event, the TRUMP meme coin price is already gaining with a 9% surge in 24 hours to trade at $14.38 at press time. In this article, we explore what to expect from this token’s performance before and after this event. Tron Founder to Attend Trump’s Meme Coin Dinner The number one attendee to this event is the founder of Tron, Justin Sun, who is also the largest holder of the TRUMP meme coin. Sun confirmed his attendance through an X post on May 20, saying that he is going to discuss crypto and the future of the industry. Justin Sun X… Read More at Coingape.com
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The discussions on a potential XRP ETF approval by the US SEC are mounting among the market participants which could drive the crypto price higher. Besides, with the recent leadership change in the US SEC and the pro-crypto sentiment hovering, the discussions have further peaked recently. Amid this, experts have cited the approval as a potential catalyst to drive the XRP price to a new high in the coming days.
The XRP ETF approval discussions are now the talk of the town with the pro-crypto regulatory shift in the US. Besides, experts have said that Ripple’s coin and Solana are now leading the altcoin ETF race, citing key reasons.
Notably, nine firms have already submitted ETF applications for Ripple’s native asset with the US SEC. Though still under review, rumors hint that BlackRock may join the race, a move that could dramatically accelerate momentum.
Meanwhile, the asset management giant controls over $11 trillion in AUM, and its entry could send a strong signal to the market. However, an XRP enthusiast has recently shared why BlackRock has still not moved ahead with such a plan.
In a recent podcast, crypto analyst “Good Morning Crypto” said that an XRP ETF could act like a “giant vacuum,” pulling the coin out of circulation. Every ETF investment would move Ripple’s native asset into custodial holdings, tightening supply and sparking demand pressure.
Besides, the analyst highlighted that once these ETFs go live, they could lead to scarcity-driven price growth. With fewer coins circulating and more investors locking in their tokens, the market could experience a classic demand shock.
Meanwhile, in a bullish scenario, regulatory clarity might arrive by August. If US lawmakers pass new legislation on crypto tax, infrastructure, and stablecoins, it would likely clear the path for businesses to use XRP in daily operations. Once that happens, the analyst suggested, institutional adoption would take off.
Besides, the discussions have further soared with pro-crypto Paul Atkins’ entry as the new US SEC chair. Furthermore, if ETFs start hoarding XRP and companies expect prices to rise, they might start stockpiling tokens early. This kind of behavior mirrors a “front-loading effect” in commodity markets, where future price gains trigger large-scale early buying.
Considering that, the experts have deemed the potential XRP ETF launch as the “perfect storm” for Ripple’s native asset.
XRP price has recorded strong gains of over 9% today, soaring to the $2.28 mark, with its one-day volume rocketing 131% to $5.56 billion. Notably, this surge also comes amid a broader crypto market recovery, with BTC price soaring past the $93K mark.
Amid this, Sistine Research said that Ripple’s coin is poised to hit between $33 and $50 in the coming days. However, the analyst has cited his target as “conservative” and said that it is based on the historical pattern from 2017.
However, the analyst also noted that a “cup and handle” analysis points towards a massive breakout ahead. According to him, this analysis indicates that XRP price is poised to hit between $77 and $100 in the coming days. Having said that, if XRP ETF gets the green light from the US SEC, the future of the asset’s price might hit new heights.
The post Will XRP ETF Spark A Price Surge? Here’s What to Watch If SEC Says Yes appeared first on CoinGape.
The post Why Crypto Market Is Up Today? Bitcoin Price Surge Past $93K appeared first on Coinpedia Fintech News
The crypto market today is seeing gains as Bitcoin price surge above $93,000, triggering a wave of excitement across investors. The sudden surge has many asking — why is the crypto market up today? The answer lies in a powerful mix of political optimism, institutional inflows, and renewed risk appetite.
U.S. President Donald Trump and Treasury Secretary Scott Bessent made market-moving remarks hinting at potential relief in the U.S.-China trade war. Bessent called the current 145% tariffs “unsustainable” and suggested a de-escalation could be near. That was enough to boost investor confidence, not just in equities but also in risk-on assets like crypto.
Backing the momentum, Bitcoin spot ETFs saw $381 million in net inflows on Monday, the highest since January. The return of institutional money is a bullish signal, especially as MicroStrategy added another 6,500 BTC to its holdings — reinforcing long-term belief in Bitcoin.
Adding to the bullish sentiment, newly appointed SEC Chairman Paul Atkins has already dismissed several crypto enforcement cases. His pro-crypto stance is giving the industry fresh hope for a more innovation-friendly regulatory climate.
Meanwhile, Ethereum jumped above $1,700, Dogecoin surged 8.6%, and SUI spiked nearly 12%. Traditional markets also bounced back, with the S&P 500 and Nasdaq recovering from recent losses.
However,the liquidity and new demand remain weak compared to past bull runs, according to CryptoQuant. Resistance zones could still trigger pullbacks, but for now, the rally has reignited crypto market momentum.
The post Why Crypto Market Is Up Today? Bitcoin Price Surge Past $93K appeared first on Coinpedia Fintech News
The crypto market today is seeing gains as Bitcoin price surge above $93,000, triggering a wave of excitement across investors. The sudden surge has many asking — why is the crypto market up today? The answer lies in a powerful mix of political optimism, institutional inflows, and renewed risk appetite. Trade Optimism and Institutional Inflows …