BTC Treads Water, Gold Extends Gain as U.S. Jobs Data Looms: Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$108,783.53 rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 (CD20) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond sell-off. The precious metal broke through $3,500 per ounce for…

XRP Price Eyes 77% Rise to $5 Next: Here’s Why

Key takeaways: XRP (XRP) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP’s rally to $5? XRP price bull flag targets $5 The daily chart shows XRP trading within a bull flag, with the price facing…

How to Split Bitcoin Without Splitting the Private Key

Key takeaways A private key cannot be split in half. It must remain whole to access crypto. Splitting it manually risks permanent loss of funds. Cryptocurrency is marital property. Courts in many countries, including South Korea and the US, treat crypto like any other divisible asset in divorce. Crypto can be shared securely. Methods like…

World Liberty Burns 47M Tokens as WLFI Price Slides

The Trump family’s crypto project, World Liberty Financial, has begun burning its namesake token in a bid to boost its price, which has been in decline since launching to the public on Monday. Onchain data first reported by Lookonchain showed the platform burned 47 million World Liberty Financial (WLFI) tokens on Wednesday, permanently removing them…

Ethereum Staking Queue Hits Two-Year High, Exit Queue Drops

The amount of Ether (ETH) in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings. On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data showing 860,369 ETH, worth around…

How the lawsuit strengthened XRP’s narrative

The SEC lawsuit threatens XRP In December 2020, XRP (XRP) was under existential threat. But what almost killed it now appears to be its greatest strategic advantage. A US Securities and Exchange Commission bombshell on Dec. 22, 2020, caused XRP to crash 62%. It led to mass delistings and put the cryptocurrency in a legal…

How High Can Bitcoin Price Go as Gold Hits $3.5K Record High?

Key takeaways: BTC has rallied between 145% and 304% within a year of past gold peaks. The top crypto can rally to as high as $400,000 if the gold fractal repeats. Gold price (XAU) just printed a fresh record above $3,500 (per ounce), driven by bets on upcoming Fed rate cuts. XAU/USD daily price chart….

Crypto to Handle 10% of Post-Trades by 2030: Citi Survey

A tenth of the global post-trade market turnover is expected to be handled through stablecoins and tokenized securities in less than five years, according to a survey by Citi. The investment bank said in a Securities Services Evolution report released on Tuesday that bank-issued stablecoins were seen as the main method to support collateral efficiency,…

BTC Spot Signals Hint at Recovery Rally

Key takeaways: Bitcoin’s Cost Basis Distribution shows strong buyer support versus Ether’s weaker flows. Coinbase and Binance netflows hint at a liquidity regime shift favoring reaccumulation. BTC must break $113,650 to confirm a bullish trend, else risk a drop toward $100,000. Bitcoin’s (BTC) spot market is flashing signs of a potential recovery rally. Data from…

Are Stablecoins (USDC, USDT) an ‘Engine of Global Dollar Demand’ or a 2008-Style ‘Liquidity Crunch’?

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. While traders fixated on Jerome Powell’s latest rate signals, the more…