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Ripple’s XRP had quite a few bullish weeks earlier this month. The asset breached the $3 mark for the first time in seven years. XRP has struggled to gain momentum since its all-time high in January 2018. Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! XRP Glows Red Source: CoinPedia Despite the recent upswing, Ripple’s XRP token has faced a significant correction over the last few days. The asset’s price is down 0.9% in the daily charts, 2.1% in the weekly charts, and 7.4% in the 14-day charts. The asset has maintained some gains in the monthly and yearly charts, rallying 44.6% and 505%, respectively. Source: CoinGecko Also Read: Shiba Inu Holders Demand a Solana Bridge: A Collaboration Underway? XRP’s dip could be due to macroeconomic factors. The US dollar is gaining strength and investors are flocking to safer assets. The Federal Reserve has paused interest rate hikes but has not announced a rate cut yet. The Fed also plans o...

During a recent appearance on a Yahoo! Finance podcast, Michael Saylor called for investors to dump gold and buy bitcoin (BTC). This time, he escalated his plea to treasury secretaries and central bankers. He jeered at the owners of the gold in large banks, including sovereign treasury funds and central banks, for failing to adopt BTC as the “world’s reserve capital network.” He also suggested the US should somehow dump its gold, purposefully crashing its price, and then use the proceeds to acquire approximately 5 million BTC. On $BTC 100K Day, my discussion with @JulesHyman covered advice to @stoolpresidente, cyber-manhattan, the need for a digital assets framework, the emergence of #Bitcoin as the world reserve capital network, and the logic of a US Strategic #Bitcoin Reserve. pic.twitter.com/XG9uChRap8 — Michael Saylor️ (@saylor) December 6, 2024 With incredible clarity, Saylor advised the incoming US administration to “buy 20-25% of the BTC network on behalf of ...

XRP, the digital asset associated with Ripple, has caught the attention of the cryptocurrency market, and there is a good reason for this. Despite the recent price volatility, industry experts remain optimistic about the potential of Ripple’s coin. Some even provided bullish XRP expert insights. Scroll down to learn more! Also Read: Hawaii Issues New Regulation as It Becomes Newest Crypto Hub XRP Price Prediction, Ripple Insights, and Expert Forecasts for 2025 Grayscale Launches XRP Trust, Sparking ETF Speculation Grayscale Investments launched its XRP Trust on September 12. This move lets investors gain exposure to Ripple’s coin without direct ownership. It’s also fueled speculation about a potential XRP-spot ETF. Grayscale’s Rayhaneh Sharif-Askary stated: “We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case. By facilitating cross-border payments that take just seconds to complete, Ripple’s coin...

Grayscale continued efforts to list a spot BTC ETF built on its existing fund, which boasts a $25 billion market cap.  Grayscale Investments filed an updated S-3 Form with the United States Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) product into a spot Bitcoin ETF.  This is Grayscale’s third amended submission towards its GBTC conversion , according to ETF expert James Seyffart. The firm previously filed a similar form following the departure of chairman Barry Silbert. Senior Bloomberg analyst Eric Balchunas noted that the SEC filing confirmed a pivot to cash-create subscriptions. Grayscale did not, however, disclose the Authorized Participants (APs) for its fund. The fee was also left out of this submission. The SEC will reportedly require issuers to disclose details on both before ETFs can be listed and open for trading. New Grayscale amendment just dropped. Clear language on cash only but still no AP named, just blanks where name s...