𝙏𝙤𝙙𝙖𝙮 𝘾𝙧𝙮𝙥𝙩𝙤 𝙐𝙥𝙙𝙖𝙩𝙚𝙨:- Bitcoin (BTC) surged past $111,000, peaking at $111,875 overnight before settling around $111,337. This rally is attributed to factors such as inflation concerns, political uncertainty, and a growing perception of Bitcoin as a macroeconomic hedge . The global cryptocurrency market capitalization has risen to $3.5 trillion, marking a 4.52% increase in the last 24 hours . $BTC $ETH $BNB
Other major cryptocurrencies are also experiencing gains:
𝙂𝙤𝙡𝙙 (XAU/USD) edges higher on Wednesday towards $3,310 at the time of writing, with grave concerns that tensions in the Middle East could spiral out of control again and Trump's fiscal bill possibly not passing Congress. In late trading on Tuesday, CNN reported that Israel is considering targeting nuclear sites in Iran. While former United States (US) President Joe Biden was able to change Israel’s Prime Minister Benjamin Netanyahu’s mind, US President Donald Trump has seen his diplomatic efforts fall apart, with markets mulling whether Trump is still able to control Netanyahu.
In the US, President Trump is facing setbacks at home as well as the administration struggles to get enough support to pass through Congress its tax bill. Frustration arose for Trump at Capitol Hill when speaking with lawmakers who demanded to significantly boost the cap on the state and local tax (SALT) deduction.
Rose to a new all-time high on Wednesday, breaking its January record.The price of the flagship cryptocurrency was last hovering above the flat line at $106,678.74, according to Coin Metrics, having pulled back as Treasury yields spiked and stocks fell to session lows. Earlier, it rose as high as $109,500. $BTC #BTCBreaksATH #BTC #CryptoNews #UpdateBTC #TrendingTopic
Bitcoin (BTC) has achieved a new record daily close at $107,622, driven by strong ETF inflows totaling $329.2 million and a bullish futures premium . $BTC
Ethereum (ETH) is trading around $2,596, reflecting a 1.37% daily gain, with analysts monitoring potential support levels near $2,000 . $ETH
XRP (XRP) remains stable between $0.52–$0.54 after the SEC delayed a decision on the proposed XRP ETF by 21Shares and ARK Invest . $XRP
𝘾𝙤𝙞𝙣𝙗𝙖𝙨𝙚 𝙐𝙨𝙚𝙧𝙨 𝙁𝙞𝙡𝙚 𝙇𝙖𝙬𝙨𝙪𝙞𝙩 𝙊𝙫𝙚𝙧 𝘽𝙞𝙤𝙢𝙚𝙩𝙧𝙞𝙘 𝙋𝙧𝙞𝙫𝙖𝙘𝙮 𝘾𝙤𝙣𝙘𝙚𝙧𝙣𝙨 :- A class-action lawsuit has been filed by a group of Coinbase users from Illinois, alleging that the crypto exchange's identity verification process violates the state's Biometric Information Privacy Act (BIPA). The lawsuit claims that Coinbase's collection of faceprints for Know Your Customer requirements violates BIPA as users were not properly notified. The plaintiffs argue that Coinbase failed to inform users about the collection, storage, and sharing of their biometric data. Additionally, they claim that Coinbase shares biometric data with third-party vendors without user consent. The lawsuit seeks relief for violating state biometric privacy laws and consumer fraud, with the group requesting $5,000 per willful violation found. Coinbase has faced multiple lawsuits recently, including allegations of data leaks and BIPA violations.
CHICAGO, April 24, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 $XRP ). "As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients' investment and hedging strategies." CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time. XRP futures will join the company's crypto product suite that includes Bitcoin and Ether futures and options, as well as recently launched SOL futures. Q1 trading highlights for crypto futures and options on futures include: Average daily volume of 198,000 contracts ($11.3 billion in notional), up 141% year-over-year Average open interest of 251,000 contracts ($ 21.8 billion in notional), up 83% year-over-year Additionally, more than 43,000 SOL futures ($705 million in notional) have traded since launch on March 17
"Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading," said JB Mackenzie, VP and GM of Futures and International at Robinhood. "Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of crypto futures to complement Robinhood's existing spot crypto offerings. Soon, customers will be able to trade 40 futures products on Robinhood using our one-of-a-kind mobile trading ladder, giving them the speed and precision typically reserved for institutional traders." #XRPfutures #Investment #CMEGroup #CryptoCommunitys #CryptoNews
Bitcoin ($BTC ): Currently trading at $103,010, down from a peak of $106,540 earlier today. The price experienced a sharp decline, attributed to a short squeeze followed by profit-taking, leading to over $600 million in liquidations across major cryptocurrencies .
Ethereum ($ETH ): Priced at $2,404.04, marking a 4.2% drop. The decline is influenced by a decrease in the number of large holders, suggesting potential further volatility .
BNB:- Trading at $639.52, experiencing a modest decline of 0.9%.
XRP: Currently at $2.31, down 3.3% on the day. The launch of XRP futures on CME today is a significant development, potentially impacting its price dynamics .
Cardano (ADA): Priced at $0.7217, reflecting a 4.8% decrease.
Vladimir Smerkis, one of the founders of the crypto game Blum and former head of Binance’s CIS division, has been detained in Moscow over suspected fraud. The Zamoskvoretsky District Court issued the detention order without revealing details of the alleged wrongdoing. Blum gained popularity as part of the 'tap-to-earn' trend, where players tap their screens to earn digital tokens. Following the arrest, Blum clarified that Smerkis is no longer involved in the company. The tap-to-earn sector has attracted attention since the success of Hamster Kombat in 2024, with Blum being one of the projects that followed. Currently, the tap-to-earn market is valued at $511 million. BeInCrypto is committed to providing accurate and transparent information, but readers are encouraged to verify facts independently before making decisions based on the content. #BLUM #BlockchainGaming #BinanceAlphaPoints #crypto #telegramMining
Moody's Downgrades US Credit Rating Due to Rising National Debt :
Moody's credit rating agency has lowered the United States government's credit rating from Aaa to Aa1, attributing the increase in national debt as the main reason for the downgrade. Despite the downgrade, Moody's remains optimistic about the long-term health of the US economy, highlighting its strong economy and the global reserve currency status of the US dollar. The announcement received mixed reactions from investors, with some questioning the agency's credibility. While some, like Gabor Gurbacs, criticized Moody's track record in assessing credit during financial crises, others like Jim Bianco downplayed the significance of the downgrade. The US government's debt has exceeded $36 trillion and continues to rise, leading to concerns about increasing bond yields and debt service payments. This trend could create a cycle where the government needs to offer higher yields to attract investors, further adding to the national debt.