Latest news with #XapoBank
Yahoo
12-07-2025
- Business
- Yahoo
Crypto Traders Eye $130K Bitcoin as Majors Price-Action Shows Market Structure Shift
Bitcoin's rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana's SOL, XRP, and dogecoin (DOGE) all posting high single-digit percentage gains. However, this time, price action isn't just about momentum, as traders claim that market structure is evolving under the weight of institutional influence. 'This isn't a frenzied boom with no foundation,' said Seamus Rocca, CEO of Xapo Bank. 'It's a measured ascent, backed up by large institutional players with the long-term in mind.' Rocca pointed to tight monetary policy and geopolitical volatility as reinforcing Bitcoin's emerging role as a macro hedge, adding that 'the momentum we've seen over the last 48 hours is clear. Bitcoin isn't just growing in value, but also as a genuine asset class that is rivalling traditional finance.' Ethereum, up over 17% on the week and briefly crossed $3,000, remains a primary beneficiary. "In Q2, corporate treasury purchases of BTC outpaced inflows into spot ETFs," said the analytics team at Bitcoin yield protocol TeraHash in a note to CoinDesk. "That points to strategic positioning. At the same time, custodians like Anchorage and Fidelity are scaling institutional pipelines, while OTC desks are tightening spreads." Solana, now trading around $163, gained over 11% on the week amid renewed demand across retail and memecoin ecosystems. The chain continues to act as a high-beta proxy for risk-on sentiment. XRP, meanwhile, jumped 25%, benefiting from both a technical breakout and rising speculation around regulatory resolution. 'Price action may grab the spotlight,' TeraHash added, 'but the real breakthrough this summer is structural.' The altcoin move is broad-based. Dogecoin has rallied 23% over the past week, driven by increased retail participation through platforms like Robinhood and Binance. XRP volumes have spiked on Korean exchanges, while Cardano, TRX, and AVAX are all trading firmly in the green. Meanwhile, Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad said that 'strong bitcoin rallies are often followed by significant movements in altcoins with a slight delay — and a potential comeback of meme coins can't be ruled out either.' But not everyone sees a straight line up. 'Despite briefly touching this key milestone, BTC remains below a major resistance zone,' said Ruslan Lienkha, Chief of Markets at YouHodler, said in an email. 'A decisive breakout and sustained move above this level could trigger a sharp upward rally, potentially targeting the $130,000 range,' Lienkha added. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Forbes
25-06-2025
- Business
- Forbes
‘Buckle Up'—Bitcoin Price Suddenly Soars As Crypto Braces For A Huge Fed Flip
06/25 update below. This post was originally published on June 24 Bitcoin and crypto have rebounded after a major escalation in the Israel-Iran conflict sent prices spiraling amid fears of a 'doomsday' scenario. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has climbed back over $100,000 per bitcoin, helped by U.S. president Donald Trump's shock prediction of 'massive' crypto investment. 06/25 update: The bitcoin price has suddenly surged back toward touching distance of its all-time high of around $112,000 per bitcoin, climbing to over $107,000 after dipping under $100,000 this past weekend. The rally has emboldened bitcoin price bulls who remained optimistic in the face of geopolitical unrest over the last two weeks. 'Bitcoin's status as a safe-haven asset is still taking shape, but recent signals suggest it's edging closer,' Gadi Chait, head of investment at Xapo Bank, said in emailed comments. 'Traditionally seen as volatile, bitcoin's response to recent macro shocks, like the events in the Middle East, has been notably restrained, neither tracking gold perfectly nor mirroring equity sell-offs. Its V‑shaped recovery back above $105,000 in under 48 hours after falling into the nineties, highlights its growing liquidity and integration into mainstream portfolios.' Now, as the market digests a Congress game-changer expected to 'unleash' trillions, bitcoin and crypto prices are braced for Federal Reserve chair Jerome Powell's semi-annual testimony before lawmakers—coming after Trump suddenly flipped on firing him. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run U.S. Federal Reserve chair Jerome Powell has committed to keep interest rates on hold, with some ... More predicting the bitcoin price and wider crypto market could soar once when it begins cutting. 'Aside from any geopolitical updates, today's key event will be Fed chair Jerome Powell's testimony in Washington,' David Morrison, senior market analyst at Trade Nation, said in emailed comments. Trump posted to his Truth Social account over night that the Federal Reserve board should 'activate," forcing Powell, who he's branded 'too late,' to cut rates by "at least two to three points," and "save the U.S. more than $800 billion per year.' 'I hope Congress really works this very dumb, hardheaded person, over,' Trump added. The Fed kept interest rates on hold again last week after kicking of a reduction cycle in September that's been put on pause due to fears Trump's global trade tariffs could see a return of inflation. 'All eyes are on the Federal Reserve chair Jerome's testimony before Congress and Friday's PCE inflation print to determine how close the Fed may be to its long-awaited policy pivot,' Ray Youssef , the chief executive of NoOnes, said via email. 'The most bullish scenario would be confirmation of a Fed dovish policy pivot or a major de-escalation in global trade and geopolitical tensions, either of which could spark renewed interest in risk assets and push bitcoin towards retesting its all-time high.' Expectations around an eventual Fed interest rate cut have been built up by crypto traders and influencers on social media. 'Buckle up,' one crypto trader posted to X alongside a hopeful prediction that 'trillions' will flow in to crypto once the Fed eventually cuts rates—now priced at a 22% chance in July, up from just 10% last week, according to the CME FedWatch tracker. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed over the last year, with some predicting the bitcoin price will climb ... More even higher once the Federal Reserve cuts interest rates. Two Fed officials, Federal Reserve vice chair for supervision Michelle Bowman and Federal Reserve Bank of Chicago president Austan Goolsbee, have this week joined Fed governor Christopher Waller admitting it may be time to lower interest rates. 'It is time to consider adjusting the policy rate,' Bowman told a gathering held in Prague, it was reported by Reuters, while Goolsbee reportedly said that Trump's trade tariffs have 'not been what people feared." Powell has pointed to the expected increase in inflation as a result of Trump's so-called Liberation Day of global trade tariffs as reason to take a 'wait-and-see' approach to adjusting interest rates. Last week, Waller has said he doesn't expect Trump's tariffs to drive inflation higher so policymakers should be looking to lower interest rates as early as July. 'If you're starting to worry about the downside risk [to the] labor market, move now, don't wait,' Waller told CNBC.
CNBC
09-05-2025
- Business
- CNBC
Bitcoin holds above $100,000 while ether rockets to its best week since 2021
Cryptocurrencies extended their rally to end the week, with bitcoin holding steady above the $100,000 level while ether rallied to its best week since 2021. The price of bitcoin was higher by 2% at $103,249.99 on Friday, according to Coin Metrics. Earlier, it rose as high as $104,324.65, its highest level since Jan. 31. For the week, bitcoin is up more than 6% and on pace for its fourth positive week in a row – and first four-week win streak since November. "This move above $100,000 should be viewed as more than mere euphoria, but rather as evidence of a flows-driven shift," said Gadi Chait, head of investment at bitcoin-native Xapo Bank. "Whales have been accumulating on-chain, ETF demand continues to set new records, and investors seek 'neutral' assets amid a tariff-shadowed macro environment. Meanwhile, the announcement of a U.S.–U.K. 'mini-deal' and hints of tariff relief with China have reduced overall risk aversion, lifting equities, oil, and, notably, Bitcoin." The risk-on sentiment bled into altcoins, or cryptocurrencies that aren't bitcoin, most of which have struggled to keep pace with bitcoin's gains this year. Ether, one of the biggest stragglers, jumped 10%, bringing its two-day gain up to 29%. A 6% increase in the token tied to Solana brought its two-day gain to 16%. This week the Ethereum network also completed its latest technology upgrade, dubbed Pectra, which enables lower network fees, streamlined ether staking and support for smart wallets. Ether is up 25% week to date and on pace for its best week since May 2021. The Solana token has added 14.3% this week, which is on track to be its best week since January. Year to date, however, ether and other major altcoins – with the exception of XRP – are still deep in the red compared to bitcoin. While the flagship crypto is up 10%, ether and the Solana token are down 31% and 12%, respectively. Bitcoin's market structure changed after the introduction of spot bitcoin ETFs in 2024, with demand now coming from retirement accounts, macro funds, and corporate bonds such as Strategy. By contrast, altcoins still rely on crypto-native, risk-on capital, which hasn't shown significant growth alongside the greater tech sector due to the current interest rate environment, according to Eric Chen, Co-Founder of Injective. Bitcoin is likely to keep outperforming until broader capital flows into altcoins, he added, given their steady supply and lack of a structural buyer base, which are likely to take prices lower until they attract speculative interest. "For us, there remains one singular strategy for crypto investors: stick to BTC until risk on headwinds dissipate," Wolfe Research analyst Read Harvey said in a note this week. "The coin is one of just two in our basket positive on the year and it continues to dominate the rest of the space on a relative basis. The question now shifts towards if it can maintain recent outperformance vs. equities, or if Gold was right all along."
Yahoo
18-03-2025
- Business
- Yahoo
Xapo Bank launches Bitcoin-backed loans
Xapo Bank is providing its members access to Bitcoin-backed lending and loans, allowing them to leverage their Bitcoin holdings as collateral. The product will initially offer several features to protect members' investments and aims to ease borrowing while also enabling qualifying members to retain their Bitcoin as a long-term financial instrument. By using Bitcoin as collateral, qualifying Xapo Bank members can access USD funds without selling their assets. This preserves the potential for long-term appreciation of their Bitcoin investments and offers lower short-term loan rates compared to typical credit card providers while benefiting from flexible repayment terms and robust security measures. In addition, eligible members with sufficient Bitcoin holdings can use the in-app calculator to determine their borrowing limit. During the application process, members can select their desired loan amount, with personalised limits of up to $1m, while having complete visibility of the final repayment amount and applicable interest rate. Seamus Rocca, CEO of Xapo Bank, commented: "Many long-term Bitcoin holders have steered away from crypto-asset-backed lending after seeing predatory lending practices and products they couldn't count on. That's why we're doing things differently at Xapo Bank. With over a decade of experience, we've built a lending product our members can trust. We give our members the flexibility to pursue their long-term investment strategy while still accessing their Bitcoin's value when needed. This is what Bitcoin is meant to be, not just a powerful store of value, but an asset that puts financial control back in your hands.' "Xapo Bank launches Bitcoin-backed loans" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Independent
09-03-2025
- Business
- The Independent
Are meme coins killing crypto?
If I die, I hope you guys turn this into a meme coin.' Shortly after speaking these words, 23-year-old crypto trader Arnold Robert Haro, who had reportedly lost $500 on a crypto scam, started a game of Russian roulette, which was livestreamed on X on 21 February. After repeating his wish to be turned into a meme coin, he took his own life. Within hours of Haro's death, known online as @MistaFuccYou, several meme coins based on his MistaFuccYou alias launched on a cryptocurrency platform. 'The meme coin community is pure evil,' wrote X user @destroynectar, who shared an image of one of the new cryptocurrencies being traded while Haro's live stream was still active on X. These tokens form part of a massive influx of new cryptocurrencies to the market, which analysts are referring to as a 'meme coin frenzy'. Often based on internet jokes, the digital coins hold no inherent value as a currency but can shoot up in price through speculation alone. They can mint millionaires in minutes, but almost always crash to zero, leaving latecomers with heavy losses. There are now tens of thousands of coins being created every day. 'Meme coins are mostly hot air and are notorious for their extreme price fluctuations,' Seamus Rocca, chief executive of Xapo Bank, says. 'These sudden surges and subsequent crashes in meme coin values often trigger a ripple effect of damage across the wider cryptocurrency industry as public trust and perception deteriorate.' It took four years for the first ever meme coin to emerge after the creation of the world's first cryptocurrency, bitcoin. Launched by software engineers Billy Markus and Jackson Palmer in 2013, Dogecoin started as a joke that poked fun at the speculation and hysteria surrounding the crypto space at the time. But the token provided real utility, with the speed of transactions and low fees meaning that some even claimed it could one day be the currency of the internet. (The founders notoriously made no money from the venture, with one of them revealing that he sold his entire stake years ago for a giant jar of Nutella). Dogecoin has since established itself as one of the world's top 10 most valuable cryptocurrencies, with a market cap of around $30bn at the time of writing. In the years following its release, other meme coins trickled into the market, but it took skilled developers who knew the complexities of forking blockchains or building new protocols to produce them. All this has changed with the arrival of platforms that help to create coins, with millions of new tokens now being released every month. With such a massive volume, the vast majority fail to make any impact on the market. The Russian roulette incident is the latest in a string of increasingly elaborate and dangerous stunts that developers are resorting to in order to gain attention and pump the value of their tokens. Last year, a someone user suffered third-degree burns after setting himself on fire as part of a dare to promote his TruthOrDare cryptocurrency. Another sexualised his own mother on a live stream in order to pump his LIVEMOM token to a $835,000 market cap. The trend has drawn in celebrities, influencers and even presidents. Donald Trump, who has promised to make the US the 'crypto capital of the world', launched his own meme coin, along with his wife Melania and son Barron, just days before his inauguration. The $TRUMP, $MELANIA and $BARRON coins generated enormous profits for some – estimates suggest the projects netted them more than $350m – but when the price collapsed, more than 800,000 investors suffered a cumulative $2bn in losses. It has been argued that Trump's involvement, along with other world leaders like Argentina's Javier Milei, has complicated regulation in the space and helped legitimise the phenomenon. Eddy Lazarin, who serves as the chief technology officer at venture capital firm Andreessen Horowitz's crypto division, warned that the trend was fundamentally changing how the public, regulators and entrepreneurs view crypto. 'At best, it looks like a risky casino. Or a series of false promises masking a casino,' he says. 'This deeply affects adoption, regulation/laws, and builder behaviour. I see the damage every day.' The vast majority of meme coins exemplify the worst traits of cryptocurrency. They are volatile, confusing, and a haven for gamblers and scammers who prey on the naive and vulnerable. There is hope from some that Haro's death could bring about the death of the meme coin frenzy. 'These events have heightened skepticism toward meme coins,' says Maria Carola, chief executive of StealthEx. 'The golden age of meme coins may be coming to an end as investors grow increasingly cautious, recognising the dangers of investing in highly volatile assets.' One sign that it could be coming to an end is the emergence in recent days of meme coins based on rug pulls – referring to a scenario where crypto creators abandon a token and cash out, leaving investors with worthless tokens. These meme coins have themselves become rug pulls, suggesting that the industry is turning into an ouroboros snake, eating itself. The creator of one of the meme coins that spawned in the wake of Haro's death included one of the most pertinent messages, despite the opportunistic nature of the coin. 'Crypto is becoming a casino, and people are paying the ultimate price,' wrote the creator of the MistaFuccYou (RP) meme coin. 'Crypto should be about real utility and long-term value. Wake up. This has to change. Our deepest condolences to his family.' If you are experiencing feelings of distress, or are struggling to cope, you can speak to the Samaritans, in confidence, on 116 123 (UK and ROI), email jo@ or visit the Samaritans website to find details of your nearest branch. If you are based in the USA, and you or someone you know needs mental health assistance right now, call or text 988, or visit to access online chat from the 988 Suicide and Crisis Lifeline. This is a free, confidential crisis hotline that is available to everyone 24 hours a day, seven days a week. If you are in another country, you can go to to find a helpline near you
