XRP price started a fresh increase above the $2.150 zone. The price is now consolidating above $2.20 and might clear the $2.250 resistance. XRP price started a fresh increase above the $2.120 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if it clears the $2.250 resistance zone. XRP Price Gains Strength XRP price started a recovery wave above the $2.0650 and $2.10 resistance levels, like Bitcoin and Ethereum . The price traded above the $2.120 and $2.150 levels to start a decent increase. The bulls even pushed the price toward $2.250 before the bears appeared. A high was formed at $2.2490 and the price started a downside correction. There was a move below the $2.2350 and $2.2220 support levels. The price even tested the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. However, the bulls protected the $2.20 support. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.2450 level. The first major resistance is near the $2.250 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level and the trend line. The next major support is near the $2.150 level and the 50% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.20 and $2.150. Major Resistance Levels – $2.250 and $2.350.
Cantor Fitzgerald is reportedly preparing to launch a multibillion-dollar Bitcoin investment vehicle in partnership with SoftBank, Tether and Bitfinex, as institutional interest in digital assets intensifies under the pro-crypto stance of the Trump administration . The initiative comes at a moment when Bitcoin continues to trade near historic highs and investors seek exposure to the next phase of the cryptocurrency cycle. The Financial Times reported Wednesday that the deal would see the creation of a new entity called 21 Capital, backed by $3b worth of Bitcoin contributed by the crypto firms. Tether would contribute $1.5b in Bitcoin, while SoftBank would add $900m and Bitfinex would provide $600m, FT said. The structure is designed to mirror the strategy used by MicroStrategy , which transformed itself from a modest software company into a Bitcoin powerhouse with tens of billions in digital assets. Cantor didn’t return Cryptonews’ request for comment by press time. *CANTOR NEARS $3B CRYPTO VENTURE WITH SOFTBANK AND TETHER: FT Brandon Lutnick is partnering with SoftBank, Tether, and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, according to three people briefed on the matter. The vehicle raised $200M in January and… — db (@tier10k) April 22, 2025 Cantor’s Bitcoin Push Led By Lutnick Heir as Firm Deepens Crypto Ties Brandon Lutnick, who took over as chairman of Cantor Fitzgerald after his father Howard Lutnick joined the Trump administration as commerce secretary, is leading the effort. Under his leadership, the firm has increased its involvement in digital assets, advising on high-profile deals such as Tether’s $775m investment in video platform Rumble. The vehicle will operate through Cantor Equity Partners, a special purpose acquisition company that raised $200m earlier this year. It will also issue a $350m convertible bond and raise an additional $200m through a private equity placement to expand its Bitcoin holdings. The strategy involves converting the Bitcoin contributions into shares of 21 Capital at a price of $10 each, with an internal valuation of $85,000 per Bitcoin. While the parties are aiming to announce the deal in the coming weeks, the details are still subject to change. The final agreement could shift or fall through altogether. Crypto Resurgence, Policy Tailwinds Draw Wall Street Deeper Into Bitcoin The timing reflects a broader resurgence in institutional crypto investment. Bitcoin’s price soared to over $108,000 following Trump’s electoral victory in November and has since fluctuated, now sitting around $92,000. Despite volatility, the broader trend has attracted interest from firms seeking to replicate the gains of early adopters. MicroStrategy, whose pivot to Bitcoin began in 2020, now carries a market capitalisation of more than $9b. Its model of raising equity and debt to accumulate Bitcoin has become a template for firms seeking to position themselves as crypto-native entities within public markets. The new venture also comes with a degree of reputational risk. Tether and Bitfinex, both of which are owned by the same parent company, settled major investigations with US regulators in 2021. However, the Trump administration has promised a lighter regulatory touch for crypto, which may create a more favourable environment for such initiatives. The post Cantor Fitzgerald to Launch $3B Bitcoin Investment Vehicle With Tether and SoftBank: Report appeared first on Cryptonews .
On April 23rd, COINOTAG News reported a significant **net inflow** of **$38.8 million** to the U.S. Ethereum spot ETF. Notably, this influx is bolstered by a **$32.7 million** contribution to
The post Why Crypto Market Is Up Today? Bitcoin Price Surge Past $93K appeared first on Coinpedia Fintech News The crypto market today is seeing gains as Bitcoin price surge above $93,000 , triggering a wave of excitement across investors. The sudden surge has many asking — why is the crypto market up today? The answer lies in a powerful mix of political optimism, institutional inflows, and renewed risk appetite. Trade Optimism and Institutional Inflows Drive Rally U.S. President Donald Trump and Treasury Secretary Scott Bessent made market-moving remarks hinting at potential relief in the U.S.-China trade war. Bessent called the current 145% tariffs “unsustainable” and suggested a de-escalation could be near. That was enough to boost investor confidence, not just in equities but also in risk-on assets like crypto . Backing the momentum, Bitcoin spot ETFs saw $381 million in net inflows on Monday , the highest since January. The return of institutional money is a bullish signal, especially as MicroStrategy added another 6,500 BTC to its holdings — reinforcing long-term belief in Bitcoin. SEC Shakeup, Altcoin Surge, But Caution Remains Adding to the bullish sentiment, newly appointed SEC Chairman Paul Atkins has already dismissed several crypto enforcement cases. His pro-crypto stance is giving the industry fresh hope for a more innovation-friendly regulatory climate. Meanwhile, Ethereum jumped above $1,700 , Dogecoin surged 8.6% , and SUI spiked nearly 12% . Traditional markets also bounced back, with the S&P 500 and Nasdaq recovering from recent losses. However,the liquidity and new demand remain weak compared to past bull runs, according to CryptoQuant . Resistance zones could still trigger pullbacks, but for now, the rally has reignited crypto market momentum .
Global liquidity has surged to recent highs, leaving investors to turn to Bitcoin amidst market turmoil.
Bitcoin has surged past the $93,000 mark, prompting traders to evaluate whether easing macroeconomic tensions can sustain this bullish momentum. This recent rally has been influenced by a combination of
Bitcoin’s recent surge beyond $93,000 signals a potentially bullish market, attracting interest from traders and analysts alike. As Bitcoin continues its upward trajectory, the macroeconomic landscape appears increasingly favorable, suggesting
The U.S. Securities and Exchange Commission (SEC) has taken decisive action by charging Ramil Palafox, a dual U.S.-Filipino citizen, with executing a *cryptocurrency scam* that has reportedly defrauded 90,000 investors,
Bitcoin has broken above $93,000 for the first time in seven weeks, extending its post-Easter rally as recent macro events have analysts expecting more upside. Bitcoin ( BTC ) has climbed 5.62% over the past 24 hours and surpassed $93,000 on April 22 for the first time since March 3, continuing a 12% price rally its seen over the past seven days, according to CoinMarketCap. Bitcoin traders eye “craziest one-minute candle” Bitcoin quickly jumped from just below $91,500 to $93,000 in minutes, leaving traders guessing where the rally could go next. “This is the craziest one-minute candle I’ve ever seen on the Bitcoin chart,” Bitcoin commentator Michael Sullivan said in an April 22 X post. Edit the caption here or remove the text Pseudonymous crypto trader Crypto General said Bitcoin “is going as planned, as stated in the last post, a breakout was eyes and today we witnessed our breakout.” Just hours before Bitcoin’s upside swing, crypto commentator “Ted” told his 158,200 X followers that Bitcoin is “going to catch up” with gold and the $100,000 price level, which it hasn’t seen since Feb. 3, is “loading.” It comes amid an improvement in crypto market sentiment, more money flowing into spot Bitcoin exchange-traded funds and US President Donald Trump’s softer tone on the trade war. On the same day, Trump said he had “no intention of firing” US Federal Reserve Chair Jerome Powell after previously criticizing him for not cutting interest rates . It comes only days after Trump called for his termination again in an April 17 Truth Social post , which led to speculation that he would follow through on threats and find a way to remove Powell. Trump just ticked “bullish boxes,” says trader Alongside this, Trump said tariffs on Chinese goods will “come down substantially,” though they “won’t be zero,” which led to an uptick in positive sentiment among crypto analysts. Related: Bitcoin-to-gold ratio risks 35% decline following Wall Street’s $13T wipeout In an April 22 X post, economist and crypto trader Alex Kruger said , “Trump just ticked most de-escalation/bullish boxes.” Investing with Brandon said the news was “bullish” too. Meanwhile, the day before, the 11 US spot Bitcoin ETFs saw a joint net inflow of $381.3 million. Traditional financial markets also ended the April 22 trading day in the green, with the S&P 500 up 2.51%, the Nasdaq rising 2.87%, and the Dow Jones gaining 2.66%, according to Google Finance data. Magazine: Former Love Island star’s tips on how to go viral in crypto: Van00sa, X Hall of Flame This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin’s latest surge past $93,000 has traders weighing whether easing macro tensions and rising money supply will sustain the rally.