Here is what happened yesterday in the crypto market:
Bitcoin Approaches Record Highs Amidst Bearish Trader Sentiment
Despite Bitcoin trading above $110,000 and aiming for new highs, crypto traders are exhibiting bearish behavior, according to data from Coinalyze. This divergence suggests caution as the market approaches potential record levels.
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XRP Futures Indicate Potential Surge to $3.20
XRP is showing bullish signals as it breaks out of a pennant formation on the weekly chart, hinting at a potential 40% gain towards $3.20. Increased open interest in futures further supports this positive outlook.
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Swiss Bank AMINA Introduces Support for Ripple’s RLUSD Stablecoin
Swiss crypto-focused AMINA Bank has started offering services for Ripple USD (RLUSD), Ripple’s new stablecoin pegged to the U.S. dollar, providing custody and trading options for its clients.
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JPMorgan Forecasts $500 Billion Stablecoin Market by 2028
JPMorgan strategists predict the stablecoin market will reach $500 billion by 2028. While substantial, this projection is more conservative than some of the more bullish forecasts anticipating a $1 trillion market.
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Ondo and Pantera Capital Invest $250M in Real-World Asset Tokenization
Ondo Finance and Pantera Capital are partnering to invest $250 million in real-world asset (RWA) projects, signaling a growing trend in tokenization as regulatory conditions become more favorable.
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