Bitcoin fell to around $65,000, its lowest level in nine weeks, triggering heavy liquidations in crypto derivatives markets. More than $1.83 billion was liquidated across the market in a day, including $774.2 million in bitcoin long positions and $440 million in ether long positions, according to Coinglass data. Attention is focused on whether bitcoin can defend the key $60,000 support level, amid increased exchange inflows and rising volatility.

Veteran trader Peter Brandt singled out XRP as the cryptocurrency most likely to be adopted as a widely used medium of exchange. The remark drew attention because Brandt has previously been critical of XRP and its supporters. In an interview, he also named Solana and Ethereum as candidates for transaction-focused use, while saying many cryptocurrencies would ultimately prove useless. The comments were framed as an assessment of adoption potential rather than a price call or a buy recommendation.