Bitcoin and Ethereum Hold Steady as Russia Debuts BTC-Linked Bonds
#bitcoin ($BTC) is trading around $105,380 USD, holding a tight range amid subdued volatility. Short-term traders are eyeing a breakout above $106K for a potential push toward $110K. Ethereum ($ETH ) is sitting near $2,500 USD, consolidating with resistance at $2,550 and support around $2,480. Both majors appear to be in accumulation zones as institutional inflows remain steady. Of particular note, Russia’s #Sberbank has launched structured bonds linked to Bitcoin and the USD/RUB exchange rate. The bonds are ruble-settled and accessible to accredited investors via OTC channels, offering exposure to BTC price movements without direct crypto handling. These are among the first BTC-linked products approved by #Russian regulators, with BTC futures expected to launch on the Moscow Exchange by June 4. This is a big move in traditional finance embracing crypto under strict regulatory oversight, worth watching for broader implications across global markets.
