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Fed Governor Chris Waller has reportedly emerged as the favorite to replace Jerome Powell as the next Fed Chair. The Trump Team allegedly favors him due to his willingness to work on incoming forecasts rather than the wait-and-see approach that Powell has adopted in recent times. Chris Waller Emerges As Favorite To Replace Jerome Powell
The post Trump Team Favors Rate-Cut Advocate Chris Waller for Fed Chair appeared first on CoinGape.
On Tuesday, Bitcoin spot ETFs recorded net outflows, snapping a three-day streak of inflows that had brought in over $1 billion.
With uncertainty surrounding the Federal Reserve’s upcoming policy decision, institutional investors appear to be reducing their exposure in anticipation of increased market volatility.
BTC spot ETFs saw net outflows of $85.64 million on Tuesday, marking a shift in sentiment among institutional investors just ahead of today’s US Federal Reserve’s latest policy meeting.
The outflows came after three consecutive days of strong inflows, totaling over $1 billion, into these BTC-backed funds. This suggests a pullback as market participants prepare for potential volatility surrounding today’s FOMC announcement.
It can also be seen as a strategic step to avoid short-term losses in the event of an unfavorable policy signal or unexpected market reaction.
Despite the ETF outflows, on-chain data reveals a spike in spot net inflows today. This indicates that while institutional players may be reducing their ETF exposure, they could be rotating capital into direct spot positions, possibly to capitalize on short-term price swings both before and after the Fed’s announcement.
According to Coinglass, BTC’s spot net inflows sit at $9.72 million. When an asset sees spot inflows, the number of its coin or tokens purchased and moved into spot markets has increased, indicating rising demand.
This points to surging accumulation among BTC spot market participants, a trend which can drive price appreciation if buying pressure remains.
BTC trades at $96,679 at press time, noting a 2% surge over the past day. The coin’s positive Balance of Power (BoP) reflects the steady rise in spot buying activity ahead of the FOMC meeting. As of this writing, this is at 0.10.
This indicator measures the strength of buyers versus sellers by comparing the closing price to the trading range over a specific period. When its value is positive, buyers dominate the market, suggesting bullish momentum and upward pressure on an asset’s price.
If BTC demand rockets and market conditions remain favorable post-FOMC meeting, it could climb toward $102,080.
However, if market volatility triggers a move to the downside, BTC could shed recent gains, breach support at $96,187, and fall to $92,048.
The post Bitcoin Institutional Investors Trim Exposure Ahead of FOMC as BTC ETFs See Outflows appeared first on BeInCrypto.
The post XRP Price Will Not Hit $100 in 2025, Here’s Why appeared first on Coinpedia Fintech News
There’s growing hype around the idea that XRP could reach $100 per coin in 2025. But many experts and analysts believe that goal is unlikely — at least in the short term.
To reach $100, XRP’s market value would need to rise to around trillions, more than triple the current size of Bitcoin’s market cap. While XRP is aiming to disrupt massive industries like global payments, tokenized real-world assets, and carbon credits — which together are worth hundreds of trillions — such a price jump is still a long shot for now.
The truth is, XRP is making progress and has real-world utility, especially in international payments. But major adoption takes time, especially when working with banks and institutions that move slowly and are still benefiting from traditional systems like SWIFT.
That’s why many are urging the XRP community to manage expectations. Altcoin Bale said that while a $100 target may sound exciting, it’s more realistic to prepare for XRP to reach around $20 in the near term. Hitting that level would still represent a strong return from current prices.
XRP Price Prediction (Short Term)
XRP is currently trading within a falling channel pattern on the weekly chart, a setup that often signals long-term accumulation. Despite the downward trend, analysts suggest the price may be approaching a key support zone that could lead to a reversal. According to the latest analysis, the $1.85 level is seen as a strong support area.
$XRP/USDT Weekly Analysis#XRP Price is still moving inside a falling channel with clear accumulation behavior.
Buy Zone: Around $1.85 — strong support and potential reversal area
Trigger for entry: Confirmed bounce from $1.85–$1.90 region
Bullish Targets:
$2.95… pic.twitter.com/2M4HQy6fGX
— Rose Premium Signals
(@VipRoseTr) May 6, 2025
Should momentum build, analysts are watching several short-term price targets, including $2.95, $3.39, and $3.87. However, they warn that confirmation is key. A clear bounce from support, followed by a breakout above the falling channel, would be needed to support a stronger bullish case.
The post XRP Price Will Not Hit $100 in 2025, Here’s Why appeared first on Coinpedia Fintech News
There’s growing hype around the idea that XRP could reach $100 per coin in 2025. But many experts and analysts believe that goal is unlikely — at least in the short term. To reach $100, XRP’s market value would need to rise to around trillions, more than triple the current size of Bitcoin’s market cap. …
A group of pro-crypto Senate Democrats introduced an amendment to the GENIUS Act that is widely expected to fail—on purpose.
The move appears designed to look like opposition while actually helping the stablecoin bill pass. This largely ceremonial opposition will allow Democrats to save face on a potentially unpopular move.
The GENIUS Act, a major bill to regulate stablecoins, has stirred controversy. Critics worry it could enable corruption or destabilize the financial system. Despite those concerns, the bill retains modest bipartisan support and is advancing in the Senate.
Recently, according to multiple reports, Democrats introduced an amendment—the End Crypto Corruption Act—that allows the bill to proceed to a vote, even if the amendment fails.
This unusual strategy prevents Democrats from using a filibuster to block the GENIUS Act, clearing a key legislative hurdle.
In effect, this lets Democrats claim they tried to strengthen the bill without actually stopping it from passing. One source dubbed the move “Schumer 101.”
The reference is based on Senate Majority Leader Chuck Schumer’s past use of similar procedural tactics to prevent a government shutdown.
“The [GENIUS Act] as it currently stands still has numerous issues that must be addressed. While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor,” a joint statement from the amendment’s Democratic supporters read.
The amendment is symbolic. It won’t pass, but it gives cover to pro-crypto Democrats who don’t want to publicly back the GENIUS Act outright.
Also, it neutralizes the filibuster threat. A filibuster is a procedural tactic used in the US Senate to delay or block a vote on a bill or nomination. By introducing this amendment via a cloture vote, Democrats can’t later use the filibuster to block the bill.
Most importantly, it ensures forward momentum. Even with some public opposition, the GENIUS Act can now reach a vote and likely pass.
Tensions over crypto policy have increased since the Trump administration backed pro-crypto regulations. Allegations of corruption involving President Trump and foreign crypto investments have deepened partisan divides.
Recently, Rep. Maxine Waters led a Democratic boycott of a crypto policy hearing.
The vote for the GENIUS Act’s final fate will take place sometime next week, and a few Democrats still vocally oppose it. Nothing is necessarily guaranteed; Republican defectors may get cold feet.
Still, currently, its chances look very good. Stablecoin regulation in the US may be on the verge of major success.
The post Democrats May Have Guaranteed Success for the GENIUS Act Stablecoin Bill appeared first on BeInCrypto.