May CPI ran hot on energy and cooler underneath, lifting majors on Thursday, though ether and the large alts are still down 6% to 8% over seven days.
ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness.
XRP bounced from recent lows on a late volume surge, though the token continued to lag the broader crypto market as futures traders positioned around key support levels.
Two widely watched gauges show capitulation, but the analyst flagging them warns the slow grind comes next.
In this week’s edition of The Protocol Newsletter, we’re looking at where privacy is headed in the Ethereum ecosystem.
MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.
XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near.
The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.
Anthropic’s IPO pipeline, not its new model, is what crypto traders should track.
XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.
The relief rally that lifted crypto off last week’s lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish.
Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.