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Bitcoin has gained 84.2% since the January 2024 spot ETF launch window even as 10-year Treasury yields climbed near 5.3%. However, daily data show only weak relationships between Bitcoin returns and nominal or real yield changes.
Russia’s largest bank, Sberbank, says the Bank of Russia has approved it to provide bitcoin custody and digital-asset transfer services. The bank describes itself as the country’s first authorized institution for bitcoin custody.
Bitcoin dropped below $83,000 as Brent crude moved above $102, mortgage rates reached a nearly three-year high and markets reassessed the prospect of further Federal Reserve rate hikes. Nearly $178 million in leveraged bitcoin long positions were closed during the selloff.
Robinhood plans to allocate $25 million of its own capital to Bitcoin, a move that gives the brokerage direct crypto exposure after earlier debates over whether a corporate treasury holding would benefit shareholders.
Daniel Rhyne, a former infrastructure engineer at a New Jersey industrial company, was sentenced to 32 months after pleading guilty to attacking the firm’s network and demanding 20 Bitcoin. Investigators linked the operation to a hidden virtual machine accessed through his company laptop.
Robinhood has added about $25 million, or roughly 294 Bitcoin, to its corporate balance sheet. The purchase is the fintech’s first proprietary BTC holding and signals closer alignment with the cryptocurrency ecosystem, although its size is modest relative to Robinhood’s roughly $100 billion market capitalization.
Bitcoin’s two-week consolidation has focused attention on whether renewed U.S. spot ETF inflows can support a move above $87,000. September’s strong demand has cooled sharply, although other investors are still described as accumulating during periods of weakness.
Bitcoin recovered from its session low near $83,000 as Treasury yields eased after a strong 10-year auction. However, Fed minutes signaling another possible rate hike, geopolitical tensions, oil prices and large leveraged-position liquidations continued to pressure cryptocurrency and broader risk assets.
Bitcoin has retreated below $84,000, leaving 2025 buyers with an average cost of about $88,000 as the only yearly cohort still underwater. U.S. spot bitcoin ETFs have an average cost basis near $82,300, a potential support level if the decline continues.
Bitcoin fell below $84,000 as attacks on tankers in the Strait of Hormuz sent Brent crude above $101 a barrel. Smaller cryptocurrencies declined more sharply, while crypto liquidations surged 235% to $547 million amid heavier derivatives-market repositioning.
Federal prosecutors say an appeals ruling upholding Bitcoin Fog founder Roman Sterlingov’s conviction supports trying Roman Storm in Manhattan. The argument centers on a Tornado Cash user’s transactions from New York, while Storm points to FinCEN’s withdrawal of a proposed mixer-reporting rule.
BingX strategy chief Kevin Lee says wealthy investors are increasingly treating Bitcoin as a long-term portfolio diversifier rather than a rapid-growth trade. However, surveys show cryptocurrency exposure remains limited among family offices, despite longer-term motivations among existing holders.
Bitcoin briefly fell to $83,560 as leveraged crypto long liquidations reached $550 million. Traders also examined 40x Bitcoin short positions opened on Hyperliquid shortly before the decline, while key support levels remained in focus.
US spot Bitcoin ETFs drew $119 million on Tuesday, reversing the previous session’s losses despite a drop in Bitcoin’s price. Ether ETFs moved the other way, recording $202 million in outflows and extending their losing streak to six trading sessions.
Ledger has launched Crypto Loan, a self-custodial feature allowing eligible users to borrow USDC or USDT against wrapped Bitcoin through its wallet app. The Morpho-powered service keeps key transaction approvals on Ledger hardware while exposing users to collateral-liquidation risks.
Robinhood has reportedly added about $25 million in bitcoin to its corporate balance sheet, according to a senior executive. The company has not confirmed the purchase, which comes as it expands into tokenized stocks, stablecoins and decentralized finance through its Robinhood Chain.
Robinhood has reportedly added about $25 million in bitcoin to its corporate balance sheet, according to remarks by its crypto chief. The company has not confirmed the purchase, which comes as Robinhood expands into tokenized stocks, stablecoins and decentralized-finance services.
The post XRP Price Drops to $1.47: Why Is XRP Down Today? appeared first on Coinpedia Fintech News XRP price is holding near $1.47 after falling 2.60% over the past 24 hours as a sharp Bitcoin-led sell-off pressured the...
