XRP has slipped to $1.04, down 3% on the day, after touching a low of $1.0116, its weakest print since the June 5 capitulation.
Grayscale's head of research laid out where the firm sees value in a beaten-down market, and his answers are more measured than a simple "buy everything."
Bitcoin has dropped below $59,000 for the first time since September 2025, trading around $58,900 after a 3.7% fall over 24 hours.
Two prominent voices, BitMEX co-founder Arthur Hayes and Strategy's Michael Saylor, argue the same thing from different angles: AI vacuumed up the money that could have driven Bitcoin higher, and the moment that reverses, crypto could be the destination.
On Binance's USDT perpetual market, average weekly volume per asset now ranks metals first, oil second, equities third, and altcoins outside the top 10 dead last, reframing what a crypto exchange is.
The past three months have been rough for most of the crypto market, but the damage was far from even. Some majors gave back a fifth or more of their value, while a couple swam against the tide entirely.
Bitcoin and Ethereum are clawing back ground after a brutal session. BTC has bounced to $61,742 from a low of $59,010, and ETH sits at $1,652 after touching $1,550. The recovery is real, but it's happening against a backdrop of $1 billion in liquidations over 24 hours, one of the three largest liquidation events of the past 90 days.
Ripple's dollar-backed stablecoin, RLUSD, is now legally available in Japan, approved by the country's Financial Services Agency and distributed through SBI VC Trade's VCTRADE platform to both institutional and retail users.
Grayscale Research is making a contrarian argument: some of the most profitable on-chain protocols are now trading at valuations that would look cheap in any traditional equity market, and a regulatory catalyst may be weeks away.
Bitcoin has broken below $61,000, trading around $60,890 at the time of writing, down 2.25% on the day and 6.24% on the week.
Two of crypto's research desks are looking at the same Bitcoin chart and drawing different near-term conclusions.
The White House's point person on crypto laid out how the administration thinks about Bitcoin, and the picture is less about price than about strategy.
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