Price Movements:
Bitcoin: Currently trading above $51,000, regaining its $1 trillion market cap.
Some analysts target $64,000 as BlackRock's ETF nears $500 million in daily inflow.
Solana: Rallied 19% in a week, with some predicting it could reach $120. Chainlink hit a 1-year high above $20.
Ripple: XRP price struggles near $0.53 as Ripple pivots focus from payments to custody.
Industry developments:
Crypto Trading: Hitting its busiest pace since June 2022, indicating increased activity.
Bitcoin ETFs: Continue to see high volume, with BlackRock and ProShares surpassing GBTC's daily volumes. However, analysts predict many issuers might not "break even."
Regulations:
The UK government outlined a "world-first" crypto regime, while China
softened its stance on crypto, potentially impacting Bitcoin price.
Scams: New Solana "drainers" identified, highlighting ongoing security concerns.