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.
A fresh wave of speculation has hit the crypto market following a hefty stablecoin issuance by Tether, which quietly minted $1 billion worth of USDT on the Tron network earlier today.
Binance is adding more firepower to its Spot trading platform, announcing fresh USDC trading pairs and expanded support for auto-trading features set to go live on April 22.
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.
Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.