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Bitcoin Consolidates Near $107K as XRP and Solana Dip

Easing inflation has fueled expectations of Federal Reserve rate cuts ahead of possible tariff deadline extensions

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Overview

  • Bitcoin has traded within a narrow $106,900 to $108,200 range for over two months, with analysts warning that a decisive close beyond these levels could spark a breakout or breakdown.
  • XRP plunged more than 4% and Solana fell 3% to retest support near $140 as investors booked profits after a broadly positive week for crypto majors.
  • Crypto ETFs recorded their 12th consecutive day of inflows, underscoring sustained institutional demand and driving large transaction volumes higher.
  • The number of wallets holding at least 10 BTC climbed to its highest level since mid-March, signaling mounting institutional accumulation.
  • Hong Kong’s Policy Statement 2.0 establishes licensing requirements for stablecoin issuers and clear paths for real-world asset tokenization under a regulated regime.