Ripple's XRP eyes a recovery as investors switch toward accumulation
Ripple's XRP is up 2% in the early Asian session on Thursday following rising accumulation among investors and a potential bottom signal in the MVRV Ratio.
After the February 3 crypto market crash, XRP investors have largely switched towards accumulation in the past five days as buy-the-dip sentiment is becoming prevalent.
 [04.26.58, 13 Feb, 2025]-638750156741386753-638750450696814801.png)
US states push for Bitcoin reserves, could buy $23B in BTC
Twenty US states are proposing Bitcoin Reserves, with some advancing bills that could require $23 billion in BTC purchases, fueling massive demand.
A total of 20 US states are pushing for Bitcoin Reserves, with some proposals already moving forward. If these bills pass, they would require $23 billion in Bitcoin purchases, creating significant demand. This could also lead to state pension funds investing in BTC, further increasing pressure on supply. With Bitcoin already approaching a supply shock, even a few successful bills could send prices soaring.
Ethereum could see a boost as Cboe files for 21Shares to begin staking within its ETH ETF
Ethereum (ETH) could be set for increased demand in the coming months following Cboe BZX 19b-4 filing with the Securities & Exchange Commission (SEC) to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF).
In a 19b-4 filing, Cboe BZX Exchange proposed an amendment to permit staking for the 21Shares Core Ethereum ETF.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Solana plunges as ETF speculators bet billions on XRP and DOGE
Solana (SOL) price tumbles as low as $180 on Monday, down over 9% in three consecutive days of losses. Bearish dominance in the SOL derivatives markets suggests the downtrend could extend in the week ahead.
Shiba Inu Price Analysis: SHIB whale demand declines 88% amid two-week consolidation phase
Shiba Inu (SHIB) price opened trading around the $0.000016 mark on Monday, having consolidated within a 5% tight range over the last two weeks.
Solana-based meme coin LIBRA controversy heats up, Argentina President hit by lawsuit
Argentina’s President Javier Milei faces charges of fraud for the promotion of LIBRA meme coin on the Solana blockchain. An on-chain intelligence tracker links LIBRA meme coin to MELANIA and claims that the creator extracted $100 million from the former.
Bitcoin Price Forecast: BTC stalemate soon coming to an end
Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. US Bitcoin spot ETF data recorded a total net outflow of $580.2 million last week.
Bitcoin: BTC consolidates before a big move
Bitcoin price has been consolidating between $94,000 and $100,000 for the last ten days. US Bitcoin spot ETF data recorded a total net outflow of $650.80 million until Thursday.
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.