Bitcoin hovers near $62K as $4.7B ETF outflows and ZEC bug shock hit risk appetite
Zcash fell as much as 37% on an Orchard supply-integrity flaw, while a $31.9M SOL deposit to Coinbase Prime adds an overhang.
Digital payment network and cryptocurrency for cross-border transfers.
View XRP price, charts & market data →Zcash fell as much as 37% on an Orchard supply-integrity flaw, while a $31.9M SOL deposit to Coinbase Prime adds an overhang.
The network says issuers and acquirers will be able to settle some transactions intraday, on weekends, and on holidays using regulated stablecoins.
A June 1 13:00 UTC volume spike to 96.26 million drove the breakdown, with $1.20 the next downside level if support fails.
The flow split revived attention on an unconfirmed Ripple-linked $1B SPAC plan to build an XRP treasury vehicle.
US-listed spot Bitcoin ETFs accounted for $1.26B of the $1.43B US outflow, while XRP and Solana ETPs still took in cash.
The outflow hit as XRP stayed boxed between $1.30 support and $1.50 resistance with volatility near mid-2024 lows.
XRP and SOL ETFs also took in fresh money as HYPE rallied and Hyperliquid posted $13.2M in weekly fees.
Oil and Treasury yields fell alongside the bounce as traders waited for the 18:00 UTC FOMC minutes.
Ethereum holds about 33% of RWA market cap versus Provenance near 27%, with several other chains clustered around 6%.
IBIT and ARKB led redemptions while CryptoQuant metrics were framed as a temporary correction signal.
SBI and Rakuten are developing in-house products as the FSA targets 2028 to let trusts hold crypto.
The move lifted XRP about 5% in 24 hours, but the bill still faces multiple steps before becoming law.
CoinGlass data shows 95% of the wipeout hit leveraged longs, with BTC and ETH leading the forced selling.
Whale-flow metrics turned positive as a two-year falling wedge keeps $1.87–$1.89 in play into June, with ~$0.98 as the failure line.
Negative perp funding alongside still-elevated futures open interest keeps squeeze risk live on any reclaim of highs.
LunarCrush flagged a 365-day low in BTC social activity even as weekly crypto fund inflows hit $1.4B.
The wrapped token gives XRP holders access to Jupiter, Phantom, Titan Exchange, and Meteora without selling spot XRP.
Price is holding above the 200-day EMA, while traders key in on $1.40 support amid thinning participation.
Oil slid 13% to around $80 as crypto-linked equities jumped, led by ABTC up 21% and MSTR up 13%.
CryptoQuant data shows Binance liquidity at 0.053, the lowest since 2021, as traders key off a $1.40 daily-close trigger.