Key takeaways: Increasing institutional demand for XRP ETPs and persistent whale accumulation back the bullish case for XRP price. XRP must close above $2.30 on the daily chart to secure a push toward $3. XRP (XRP) price displayed indecision on June 30, down 0.8% over the last 24 hours to trade at $2.17. XRP price remains above $2.00 at the time of writing, as several analysts highlight the key resistance levels that must be broken on the path toward new all-time highs. Investors increase exposure to XRP investment products Institutional…
Month: June 2025
Circle (CRCL) Valuation Is ‘Outside Our Comfort Zone,’ Initiate at Underweight: JPMorgan
Wall Street heavyweight JPMorgan (JPM) initiated coverage of stablecoin issuer Circle (CRCL) with an underweight rating and an underwhelming $80 price target. The shares were trading 4.5% higher at around $189 at publication time. Circle is well positioned, the bank said, and its USDC stablecoin has an “early-mover advantage,” with growing use cases in payments. “We think highly of the Circle management team and are confident in the outlook for outsized stablecoin and USDC growth,” analysts led by Kenneth Worthington wrote. Still, the analysts see the company’s market capitalization as…
XRP Reacts Powerfully After Precise Touch Of The $2.07 Fib Zone
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MicroStrategy Buys 4,980 BTC for $531M, Saylor Denies Rumors
Key Notes As of June 29, 2025, Strategy’s Bitcoin holdings stand at 597,325 BTC, purchased for a cumulative $42.4 billion at an average price of $70,982 per BTC. While Strategy continues its Bitcoin acquisition streak, recent wallet transfers of 7,382 BTC have raised questions of potential sell-off. CEO Phong Le’s sale of 8,400 MSTR shares over the past three months has drawn attention. Michael Saylor’s Strategy, previously known as MicroStrategy, announced the purchase of an additional 4,980 Bitcoin BTC $107 578 24h volatility: 0.2% Market cap: $2.14 T Vol. 24h:…
Neoclassic Capital’s Michael Bucella: Here’s why bitcoin might be stuck in this price range
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Bucella, Neoclassic Capital managing partner, joins CNBC’s ‘Squawk on the Street’ to discuss market outlooks, whether bitcoin can continue its rally, and more. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bank of Korea Suspends Next Phase of Its CBDC Project
Key Notes The Bank of Korea (BOK) will not proceed with its Central Bank Digital Currency (CBDC) project for now. The Korean government’s increasing support for local currency stablecoins possibly triggered this decision. Eight major South Korean banks plan to launch a won-pegged stablecoin. Local newspaper Business Times recently reported that the Bank of Korea (BOK) has paused its Central Bank Digital Currency (CBDC) project. Before making this decision, the project had advanced to the stage of developing a pilot program with participating banks. However, the BOK ultimately decided that…
Analysts Clash Over Strategy’s Bitcoin Strategy Premium
Prominent financial analysts engaged in a heated public debate this weekend over the performance and mechanics of Strategy’s (MSTR) bitcoin-focused corporate strategy, highlighting deep divisions over the company’s valuation premium. Premium Fuel: Experts Debate MSTR’s Outperformance vs. Bitcoin The exchange featured Lyn Alden, founder of Lyn Alden Investment Strategy and a noted bitcoin bull; Jim […] Original
Bitcoin Dices With Liquidity as the Q2 Close Looms
Key points: Shorts looked primed to be taken out, analysis argues, with a long-term resistance trend line in focus. Fed Chair Jerome Powell is due for replacement, leading to hyper-bullish bets on risk assets. Bitcoin (BTC) dipped toward $107,000 after the June 30 Wall Street open as analysis eyed a major new “short squeeze.” BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price surfs liquidity into crunch candle closes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing gains made into the weekly close, down 1.1% on the day at the…
Stablecoins Heat Up as South Korea Renounces CBDCs: Why Best Wallet Wins
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. South Korea pressed pause on its central bank digital currency (CBDC) initiative, even as its new government pivoted toward promoting domestic stablecoins. Telling banks involved that introducing won-denominated stablecoins would be ‘desirable,’ South Korea’s central bank…
How Much Bitcoin Do You Need to Retire by 2030?
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