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Cryptocurrency Market Declines as Rate Cut Uncertainty Grows

Cryptocurrency Market Declines as Rate Cut Uncertainty Grows

The post Cryptocurrency Market Declines as Rate Cut Uncertainty Grows appeared on BitcoinEthereumNews.com. Major cryptocurrencies experienced significant losses on Wednesday morning as investors sought to secure profits amid mounting questions about the Federal Reserve’s upcoming monetary policy decision in December. Bitcoin dropped below $103,000, while other digital assets posted steeper declines. Bitcoin traded at $103,222 after falling 3% over the previous 24 hours, according to market data. Ethereum declined 4.7% to reach $3,434. XRP recorded a 5.3% drop to $2.40, while Solana saw the sharpest fall among major tokens, sliding 8.85% to $154.76. The leading cryptocurrency had briefly recovered from earlier monthly lows of approximately $101,500 to reach above $106,600 before the recent selloff began. Trading activity on Tuesday pushed prices below the $103,000 threshold to around $102,600. Technical Weakness Triggers Liquidations Market analysts pointed to multiple factors behind the sudden reversal. Vincent Liu, Chief Investment Officer at Kronos Research, highlighted the role of profit-taking behavior among investors. Bitcoin struggled to break through the resistance at $107,000, prompting long position holders to exit their trades. The failure to maintain momentum above key price levels led to cascading liquidations. Leveraged positions magnified the downward pressure as automated stop-loss orders were triggered across trading platforms. Liu noted that these forced sales accelerated the decline beyond what fundamental factors alone would suggest. A brief uptick in cryptocurrency prices had followed the U.S. Senate’s approval of legislation to reopen the government. The resolution of the prolonged shutdown initially boosted risk appetite among traders. However, the positive sentiment proved short-lived as technical factors reasserted themselves. “The macro relief rally faded fast,” Liu stated. He identified $100,000 as the next critical support level for Bitcoin. A breach of this psychological barrier could unleash additional selling pressure and increase market volatility. Federal Reserve Decision Creates Uncertainty The Federal Reserve’s upcoming policy meeting has emerged as the primary catalyst for cryptocurrency…
Evernorth Details $1B ‘Yield-Bearing’ XRP Fund for Nasdaq

Evernorth Details $1B ‘Yield-Bearing’ XRP Fund for Nasdaq

The post Evernorth Details $1B ‘Yield-Bearing’ XRP Fund for Nasdaq appeared on BitcoinEthereumNews.com. Evernorth will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026 Instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem Evernorth’s CEO Asheesh Birla joined Tony Edward on his Thinking Crypto podcast to talk about the company’s new $1 billion fund dedicated to holding XRP. The company will operate similarly to an asset management fund, holding and deploying XRP while offering shares of its treasury. This model is designed for large institutions and corporate treasuries that want to invest in crypto but prefer to avoid the complexity and security risks of handling the digital assets directly. During the podcast, Birla stated that Evernorth intends to list its fund shares under the ticker XRPN on NASDAQ, as early as Q1 2026.  Related: Ripple-Backed Evernorth Aims to Raise Over $1B for XRP Treasury When investors buy shares of XRPN, they are essentially buying a piece of the company’s XRP holdings. This approach is similar to how Bitcoin ETFs work and follows the same principle as MicroStrategy’s well-known plan of holding a large amount of Bitcoin on its corporate balance sheet. How This Model Differs From a Standard ETF However, Evernorth’ strategy goes a step further. Mainly, instead of simply holding XRP, the treasury will deploy it into yield-generating opportunities across the growing XRPL and cross-chain DeFi ecosystem.  It was stated that yield generated from staking, lending, and liquidity routing will be used to accumulate additional XRP, allowing the treasury’s asset holdings per share to grow over time. This is different from standard ETFs, which simply hold the asset without trying to…
Ripple News: XRP ETF Goes Live Tomorrow, Bitwise Doubts It Can Outshine Solana

Ripple News: XRP ETF Goes Live Tomorrow, Bitwise Doubts It Can Outshine Solana

The post Ripple News: XRP ETF Goes Live Tomorrow, Bitwise Doubts It Can Outshine Solana appeared on BitcoinEthereumNews.com. The post Ripple News: XRP ETF Goes Live Tomorrow, Bitwise Doubts It Can Outshine Solana appeared first on Coinpedia Fintech News The upcoming XRP spot ETF is shaping up to be one of the most anticipated launches in the crypto market this quarter. Canary Capital CEO Steven McClurg previously said that the product could outperform Solana’s ETF success, potentially doubling its impact and pulling in as much as $5 billion in inflows during its first month. McClurg, known for his early predictions around institutional crypto adoption, said the excitement around XRP’s ETF approval could rival that of Bitcoin and Ethereum funds. His firm, Canary Capital, has now filed Form 8-A for its XRP spot ETF, which is set to begin trading on Nasdaq this Thursday once the exchange certifies the listing. A Competitive Market for Crypto ETFs Bitwise CIO Matt Hougan says that the upcoming XRP ETF could become one of the most successful crypto products to hit the market, driven by the enthusiasm of its loyal investor base. Speaking about the growing anticipation around a spot XRP ETF, Hougan said that while it remains to be seen if XRP can outperform Solana’s ETF inflows, there is little doubt that the product will attract significant interest once it launches. He explained that what many analysts misunderstand about crypto ETFs is how investor sentiment drives demand. Sentiment, Not Consensus, Drives ETF Success According to Hougan, XRP’s divisive reputation in the broader crypto community will not affect its success. He explained that ETF inflows depend on the strength of those who want to own the asset, not those who oppose it. In other words, a passionate and engaged investor base is more valuable than broad but lukewarm support. XRP’s long-standing community, which has remained active through regulatory uncertainty and market downturns, is…
Ripple News: Bitwise CIO Doubts XRP ETF Can Outshine Solana, But Predicts ‘Big Success’

Ripple News: Bitwise CIO Doubts XRP ETF Can Outshine Solana, But Predicts ‘Big Success’

The post Ripple News: Bitwise CIO Doubts XRP ETF Can Outshine Solana, But Predicts ‘Big Success’ appeared on BitcoinEthereumNews.com. The post Ripple News: Bitwise CIO Doubts XRP ETF Can Outshine Solana, But Predicts ‘Big Success’ appeared first on Coinpedia Fintech News The upcoming XRP spot ETF is shaping up to be one of the most anticipated launches in the crypto market this quarter. Canary Capital CEO Steven McClurg believes the product could outperform Solana’s ETF success, potentially doubling its impact and pulling in as much as $5 billion in inflows during its first month. McClurg, known for his early predictions around institutional crypto adoption, said the excitement around XRP’s ETF approval could rival that of Bitcoin and Ethereum funds. His firm, Canary Capital, has now filed Form 8-A for its XRP spot ETF, which is set to begin trading on Nasdaq this Thursday once the exchange certifies the listing. A Competitive Market for Crypto ETFs Bitwise CIO Matt Hougan says that the upcoming XRP ETF could become one of the most successful crypto products to hit the market, driven by the enthusiasm of its loyal investor base. Speaking about the growing anticipation around a spot XRP ETF, Hougan said that while it remains to be seen if XRP can outperform Solana’s ETF inflows, there is little doubt that the product will attract significant interest once it launches. He explained that what many analysts misunderstand about crypto ETFs is how investor sentiment drives demand. Sentiment, Not Consensus, Drives ETF Success According to Hougan, XRP’s divisive reputation in the broader crypto community will not affect its success. He explained that ETF inflows depend on the strength of those who want to own the asset, not those who oppose it. In other words, a passionate and engaged investor base is more valuable than broad but lukewarm support. XRP’s long-standing community, which has remained active through regulatory uncertainty and market downturns, is exactly…