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Crypto

Bloomberg strategist warns bitcoin could fall to $10,000

A Bloomberg Intelligence strategist warned bitcoin could fall to about $10,000 in the medium term, citing signs that a speculative bubble is deflating. Mike McGlone said bitcoin has lagged U.S. stocks even as indexes hit records, and has failed to hold above $69,000. He said past rallies relied on temporary support such as cheap liquidity and the launch of U.S. spot ETFs, while current ETF inflows and regulatory optimism have faded.

Crypto

Charles Schwab opens direct cryptocurrency trading in 48 U.S. states, supporting bitcoin and ether

Charles Schwab has begun direct trading of bitcoin and ether across about 40 million brokerage accounts, opening the service in 48 U.S. states excluding New York and Louisiana. The product, called Schwab Crypto, carries a 0.75 percent trading fee and is operated by Charles Schwab Premier Bank and Paxos. Schwab has kept risk warnings, saying even a 1 to 3 percent allocation can overly affect a portfolio.

Crypto

XRP spot ETF holdings near 1 billion even as price slumps, institutional demand holds

Seven XRP spot exchange-traded funds have effectively locked up 992.5 million XRP, bringing holdings close to 1 billion tokens. XRP has recently slumped to a new daily closing low, but ETF inflows and holdings continue to draw attention. Cumulative net inflows total $1.51 billion, suggesting the market has grown to a certain scale. Recent activity has slowed, with daily performance near zero and latest-day net inflows at $0.