Bitcoin has remained steady at $97,000 over the past 24 hours, showing little movement while altcoins experience volatility.
The SEC’s approval of 19b-4 applications for Grayscale’s XRP and Dogecoin ETFs has sparked price increases, with XRP surging 12% and DOGE climbing 5%.
Analyst Valentin Fournier from BRN told CoinDesk that Bitcoin and altcoins are gaining bullish momentum, driven by regulatory developments and improving market conditions.
He highlighted that the SEC is now reviewing altcoin ETFs beyond XRP and DOGE, including Solana and Litecoin. If these products receive final approval, institutional access to altcoins could expand significantly, bringing more liquidity into the market. Fournier suggested that this could lay the groundwork for a potential altcoin rally later this year.
He also addressed the latest U.S. CPI and PPI data, which exceeded expectations, yet Bitcoin remained stable. According to him, BTC’s resilience in the face of inflation and clearer regulatory direction signals the possibility of a strong breakout in the coming weeks.
He maintains a bullish stance, advising investors to keep substantial exposure to digital assets, balancing Bitcoin and Ethereum by market cap.
Binance has officially announced the launch of PlaysOut (PLAY), a new token debuting on Binance Alpha, with trading scheduled to begin on July 31, 2025, at 08:00 UTC.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.