The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied. However, it lost momentum after reaching this level, dropping to a low of $83,709 and then moving to its current level of $84,700.
Ethereum (ETH) has also dropped over 1.50% in the past 24 hours, down by over 2%, having slipped below $2,000. Ripple (XRP) also registered a substantial decline, down almost 2% and trading around $2.41. Meanwhile, Solana (SOL) is down over 4%, slipping below $130 and trading at $127.
Cardano (ADA) is down over 1%, while Dogecoin (DOGE) is down almost 3% and trading at $0.169. Tron (TRX), Chainlink (LINK), and Hedera (HBAR) also registered substantial declines. However, Toncoin (TON), Stellar (XLM), and Polkadot (DOT) defied market trends and registered notable increases.
SEC Says Crypto Mining Does Not Violate Securities Law
The United States Securities and Exchange Commission has said that Proof-of-Work mining does not violate securities law. Proof-of-Work underpins some of the most prominent blockchain networks, including Bitcoin. According to the regulator, mining operations are not required to register their actions as they do not involve the offer and sale of securities. Securing crypto networks has been controversial, with the SEC under the Biden administration stating that Proof-of-Stake blockchains like Ethereum and Solana could satisfy the Howey test. Under US law, an asset passes the Howey test and meets the definition of a security if it is an investment of money in a common enterprise from which there is an expectation of profit. However, major blockchain networks like Bitcoin, Litecoin, Dogecoin, and others run on Proof-of-Work blockchains.
These blockchains require computers around the world to solve complex mathematical problems to process transactions. Proof-of-Work requires miners, who are rewarded with digital tokens for their efforts. The SEC had said it wanted to clear up whether this constituted dealing with securities. According to the regulator, the miner’s expectation to receive rewards is not derived from a third party’s efforts, it does not come under SEC jurisdiction.
“By adding its computational resources to the network, the miner merely is engaging in an administrative or ministerial activity to secure the network, validate transactions and add new blocks, and receive rewards.”
Ripple CEO Confident Of XRP’s Inclusion In Crypto Stockpile
Ripple CEO Brad Garlinghouse is confident Ripple (XRP) will be included in the US crypto stockpile. He also expressed confidence about the approval for an XRP ETF. Garlinghouse pointed to a statement by President Trump in which he said the US would have a crypto reserve that included top cryptocurrencies in addition to Bitcoin, specifically naming ETH, XRP, SOL, and ADA. Garlinghouse stated,
“My understanding is there’s going to be a Bitcoin Strategic Reserve, there’ll be a crypto stockpile representing other cryptos, and I would expect that will include XRP. To the extent that various law enforcement agencies have seized cryptos, including XRP, those would go into the stockpile in addition to the Bitcoin Strategic Reserve.”
The Ripple CEO believes the shift in regulatory attitudes towards crypto under the current administration was crucial for EXP’s future, adding that Ripple and the crypto industry had previously struggled to engage with policymakers.
“We couldn’t get a meeting with people at the White House, now we’re welcomed.”
Garlinghouse also expressed optimism about the approval of an XRP ETF, stating,
“I have immense confidence in the ETF. I think there are 11 different filings pending with the SEC to launch XRP ETFs.”
The Ripple CEO predicted the ETFs could go live in the second half of the year and highlighted increased investor interest and inflows into XRP-backed investment products. Garlinghouse stated that XRP had been held back by false pressure from the SEC but is now benefiting from a favorable regulatory environment.
Institutions Planning To Boost Crypto Holdings
A Coinbase survey has shown that 83% of institutional investors are planning to increase their exposure to digital assets this year. The survey, conducted in partnership with EY-Parthenon, gathered insights from key people at 352 firms. Coinbase stated,
“An overwhelming majority (83%) of surveyed investors plan to increase their allocations to crypto in 2025, driven by their view that cryptocurrencies represent the best opportunity to generate attractive risk-adjusted returns over the next three years.”
An additional 59% of respondents stated they plan to allocate more than 5% of their assets under management to crypto, highlighting its growing prominence in institutional portfolios. The survey also indicated growing interest in stablecoins, with 84% of respondents using or considering their use beyond transactions. This includes generating yield (73%), foreign exchange (69%), internal cash management (68%), and external payments (63%). The survey also expected interest and engagement with decentralized finance to increase from 24% to 75% in two years. However, regulatory uncertainty remains a concern.
“Increased investor interest is driven in part by the belief that greater regulatory clarity will be the catalyst that unlocks a new wave of opportunities in digital assets, particularly with regard to custody. At the same time, the still-developing regulatory landscape is viewed as one of the main challenges facing the industry. The survey results clearly point to institutions deepening their engagement with crypto in 2025. From making larger allocations to increasing use cases, to engaging with new products, all signs indicate positive momentum.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has lost momentum after Wednesday’s rally, which took it beyond the 20 and 50-day SMAs and $85,000. The flagship cryptocurrency dropped over 3% on Thursday and continues to trade in the red during the ongoing session. While analysts have been divided over BTC’s trajectory, many believe the current bull cycle’s peak is yet to come. However, CryptoQuant founder and CEO Ki Young Ju has poured water over these predictions, stating that Bitcoin bulls who think the peak is yet to come, have been using an outdated playbook. The CrytpoQuant CEO said those tracking only on-chain metrics are likely not seeing the complete picture.
“The idea that the cycle isn’t over just because on-chain retail activity is absent needs reconsideration. Retail is likely entering through ETFs — the paper Bitcoin layer — which doesn’t show up on-chain. This keeps the realized cap lower than if the funds were flowing directly to exchange deposit wallets, imo.”
Ju also noted that 80% of spot Bitcoin ETF flows come from retail investors, a trend already observed by Binance. He made the comments in response to counterarguments about his prediction that the Bitcoin bull cycle was over.
“I’ve been calling for a bull market over the past two years, even when indicators were borderline. Sorry to change my view, but it now looks pretty clear that we’re entering a bear market.”
Ju stated that indicators showed a lack of liquidity, likely driven by macro factors. He also clarified that when he said the bull cycle was over, he meant BTC could take 6-12 months to break its all-time high and not that it was about to crash.
BTC registered a sharp jump last Tuesday, rising 5.50% to $82,943. The price continued to push higher on Wednesday despite selling pressure, rising almost 1% and settling at $83,709. However, it lost momentum on Thursday, dropping over 3% to $81,136, but not before falling to a low of $79,955. BTC recovered on Friday as markets rebounded. As a result, the price rallied almost 4%, surging past the 200-day SMA and reaching an intraday high of $85,363 before settling at $84,002. Buyers retained control on Saturday as BTC registered a marginal increase and settled at $84,398. Despite the positive sentiment, BTC was back in the red on Sunday, dropping over 2%, slipping below the 200-day SMA, and settling at $82,611 to end the weekend on a bearish note.
Source: TradingView
BTC started the current week with an increase of almost 2% and settled at $84,016. However, selling pressure returned on Tuesday as the price fell to an intraday low of $81,187. It recovered from this level to settle at $82,725, ultimately registering a drop of 1.54%. Markets rebounded on Wednesday after the Fed left interest rates unchanged following the FOMC meeting. As a result, BTC surged over 5%, moving past the 20 and 200-day SMAs and reaching an intraday high of $87,038 before settling at $86,875. However, it lost momentum on Thursday, registering a drop of over 3%, slipping below the 20 and 200-day SMAs and settling at $84,215. The current session sees BTC marginally down as buyers and sellers struggle to establish control. If sellers retain control, BTC could drop to $80,000. A break below this level could see the flagship cryptocurrency fall to $76,000. On the other hand, buyers will look to regain control and push back above $85,000 and the moving averages.
Ethereum (ETH) Price Analysis
Ethereum (ETH) dipped below $2,000 as bulls struggled to keep the price above this crucial level despite Wednesday’s rally. The world’s second-largest cryptocurrency has had a positive week, rising over 4%. However, it is still the worst-performing asset among the top five cryptocurrencies, with annual losses of around 40%. The cryptocurrency has struggled to conquer key resistance levels, with buyers struggling to build momentum.
ETH had plunged to a low of $1,759 last Tuesday, sparking fears of a deeper correction. However, it rebounded from this level to register an increase of over 3% and settle at $1,923. ETH was back in the red on Wednesday, registering a marginal drop. Selling pressure intensified on Thursday as the price fell over 2% and settled at $1,865. ETH recovered on Friday despite the bearish sentiment, rising 2.54% to reclaim $1,900 and settle at $1,912. Buyers retained control on Saturday as the price rose 1.35% and settled at $1,938. However, ETH lost momentum on Sunday, dropping almost 3%, slipping below $1,900 and settling at $1,888 to end the weekend on a bearish note.
Source: TradingView
ETH started the current week positively, rising over 2% on Monday and settling at $1,928. Buyers retained control on Tuesday despite selling pressure as ETH registered a marginal increase and settled at $1,933. Markets rallied on Wednesday following the FOMC meeting. As a result, ETH surged over 6% to reclaim $2,000 and settle at $2,058. However, it lost momentum on Thursday as selling pressure returned. As a result, ETH dropped almost 4%, slipping below $2,000 and settling at $1,983. The current session sees ETH marginally down as buyers and sellers struggle to establish control. The RSI is currently at 40, below the neutral zone. Meanwhile, the MACD is indicating bullishness. However, this could change if sellers remain in control.
Solana (SOL) Price Analysis
Solana (SOL) surged past $130 on Wednesday as markets rallied. However, it failed to build on this momentum, declining almost 6% on Thursday. SOL had plunged to a low of $112 last Tuesday. However, it rebounded from this level to register an increase of almost 6% and settle at $125. The price continued to push higher on Wednesday, rising over 1% and settling at $126. SOL lost momentum on Thursday, dropping 2.53% and settling at $123. Bullish sentiment returned on Friday as markets rallied. As a result, SOL rallied over 8%, surging past $130 and settling at $133. Bullish sentiment persisted on Saturday as the price rose almost 2% and settled at $135. Despite the positive momentum, SOL could not go past the 20-day SMA, losing momentum on Sunday to drop over 7% and settle at $126.
Source: TradingView
SOL started the week positively, rising 1.58% and settling at $128. However, selling pressure returned Tuesday as SOL fell over 2% and settled at $125. The price rebounded on Wednesday as markets rallied following the FOMC meeting. As a result, SOL rose over 8% to reclaim $130 and settle at $135. Despite Wednesday’s strong rally, SOL lost momentum on Thursday, dropping almost 6% to $127. The current session sees SOL marginally up as buyers and sellers struggle to establish control. Buyers will look to retain control and push SOL towards the 20-day SMA. A break above the moving average could see the price move toward $150. On the other hand, if sellers regain control, SOL could dip to $120 or lower.
Ripple (XRP) Price Analysis
Ripple (XRP) has been on a steady upward trajectory since dipping to a low of $1.90 last week. The positive sentiment stems from growing investor confidence after the Securities and Exchange Commission ended its legal battle against Ripple. Investors are also optimistic about the asset’s inclusion in the US crypto stockpile. On-chain metrics also indicate growing investor confidence, with XRP whales expanding their holdings by 10% over the past two months despite adverse macroeconomic factors. Ripple CEO Brad Garlinghouse has also expressed confidence in XRP’s inclusion in the US crypto stockpile and the approval of an XRP ETF. Garlinghouse stated,
“My understanding is there’s going to be a Bitcoin Strategic Reserve, there’ll be a crypto stockpile representing other cryptos, and I would expect that will include XRP.”
Regarding the approval of an XRP ETF, Garlinghouse stated,
“I have immense confidence in the ETF. I think there are 11 different filings pending with the SEC to launch XRP ETFs.”
XRP fell to an intraday low of $1.90 last Tuesday before recovering to reclaim $2 and settle at $2.17, ultimately registering an increase of over 7%. Buyers retained control on Wednesday as the price rose over 3% and settled at $2.23. XRP surged to an intraday high of $2.35 on Thursday. However, it lost momentum after reaching this level and settled at $2.25, ultimately registering a marginal increase. Bullish sentiment intensified on Friday as markets rallied. As a result, XRP surged almost 5%, moving past the 20-day SMA and settling at $2.35. Buyers retained control on Saturday, with the price rising 1.45% and settling at $2.39. However, XRP lost momentum on Sunday, dropping over 4%, slipping below the 20-day SMA, and settling at $2.29.
Source: TradingView
XRP started the week with an increase of almost 2% to settle at $2.34. However, selling pressure returned on Tuesday as the price dropped over 2%, falling to an intraday low of $2.22 before settling at $2.28. Markets rallied on Wednesday after the FOMC meeting. As a result, XRP surged over 11%, going past the 20 and 50-day SMAs and settling at $2.54. However, it could not push higher and was back in the red on Thursday, dropping over 4%, slipping below the 50-day SMA, and settling at $2.43. The current session sees XRP marginally down and trading at $2.41 as sellers look to drive the price below the 20-day SMA.
Litecoin (LTC) Price Analysis
Litecoin (LTC) encountered considerable volatility last Tuesday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as LTC rose over 3% and settled at $90.42. The price continued to push higher on Wednesday, rising 1.26% and settling at $91.57. However, buyers lost momentum on Thursday as LTC dropped almost 4% and settled at $88.03. Buyers returned to the market on Friday as LTC registered an increase of nearly 4% and settled at $91.35. Buyers retained control on Saturday as the price continued to push higher, rising over 1% and settling at $92.49. However, LTC was back in the red on Sunday, dropping over 2% and settling at $90.30.
Source: TradingView
LTC started the current week positively, rising 2.33% and settling at $92.40. The price lost momentum on Tuesday, falling to a low of $87.25. It recovered from this level to reclaim $90 and settle at $90.12, ultimately registering a drop of 2.47%. Bullish sentiment returned on Wednesday as markets rallied. As a result, LTC surged over 4% and settled at $94.18. Bearish sentiment returned on Thursday as LTC fell almost 1%, settling at $93.29 after dropping to a low of $90.15. The current session sees LTC marginally up as buyers and sellers struggle to establish control.
Aave (AAVE) Price Analysis
Aave (AAVE) registered a sharp drop on Thursday as selling pressure intensified. As a result, the price fell almost 7% and settled at $162. The price recovered on Friday as markets rallied. As a result, AAVE rose over 6% and settled at $173. Buyers lost momentum over the weekend as AAVE fell back into the red, registering a marginal decline on Saturday and falling almost 5% on Sunday to end the weekend at $164.
Source: TradingView
The price rallied on Monday, rising 6.15% and settling at $175 as the week got off to a positive start. However, buyers lost momentum on Tuesday as the price fell almost 3% and settled at $170. AAVE made a strong recovery on Wednesday, rising over 7% and settling at $182. However, it could not sustain the rally and was back in the red on Thursday, dropping over 2% and settling at $178, but not before falling to an intraday low of $171. The current session sees AAVE down almost 1% as sellers look to drive the price towards $170.
Jupiter (JUP) Price Analysis
Jupiter (JUP) has struggled to build momentum and push beyond $0.55. The price registered a substantial drop last Tuesday, falling to an intraday low of $0.447. It rebounded from this level to register an increase of over 7% and settle at $0.514. JUP lost momentum on Wednesday, registering a marginal decline before dropping 2.43% on Thursday and settling at $0.50. JUP recovered on Friday as markets rebounded, rising almost 6% and settling at $0.529. Buyers retained control on Saturday, with the price registering a marginal increase and settling at $0.532. Despite the positive sentiment, JUP was back in the red on Sunday, dropping over 8%, slipping below $0.50, and settling at $0.489.
Source: TradingView
JUP started the current week positively, rising over 6% to reclaim $5 and settle at $0.520. But fell back in the red on Tuesday, dropping 2.05% to $0.510. Markets rebounded on Wednesday as JUP registered an increase of over 7% and settled at $0.546. However, buyers lost momentum on Thursday as the price fell 3.43% and settled at $0.527. The current session sees JUP down almost 4% and trading at $0.507.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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