Major cryptocurrencies traded lower as gold approached $5,000 and silver moved toward $100. Bitcoin fell 1% to $89,100, while Ethereum declined 2% to $2,925, Solana dropped 2% to $127 and XRP slipped 2% to $1.90. ZRO, AXS and DASH were among the strongest large-market movers, gaining 15%, 10% and 8%, respectively. Ledger is preparing for a potential $4 billion initial public offering with support from Goldman Sachs, Jefferies and Barclays. Ripple CEO Brad Garlinghouse said crypto could reach new highs in 2026, citing regulatory progress and institutional participation. President Trump sued JPMorgan for $5 billion over alleged politically motivated “debanking.” BitGo ended its first trading session slightly above its $18 IPO price after an initial surge. BlackRock CEO Larry Fink advocated a single blockchain for tokenization, while Kansas introduced a Bitcoin Strategic Reserve bill. PwC said institutional crypto adoption had reached a point of no return as regulators move toward active supervision.
