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Crypto Co-optation Impact: How Coinbase and Ripple Actions Threaten BTC and XRP Trading Values | Flash News Detail | Blockchain.News
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6/24/2025 6:27:03 AM

Crypto Co-optation Impact: How Coinbase and Ripple Actions Threaten BTC and XRP Trading Values

Crypto Co-optation Impact: How Coinbase and Ripple Actions Threaten BTC and XRP Trading Values

According to Acyn (@Acyn), Coinbase's sponsorship of a political military parade raises ethical concerns about crypto's cypherpunk roots, potentially increasing regulatory scrutiny on exchanges like Coinbase (COIN) and fueling market volatility for cryptocurrencies such as BTC and XRP. Ripple's aggressive lobbying in D.C., as cited, could heighten legal uncertainties, impacting XRP's price stability and overall crypto market sentiment.

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Analysis

The cryptocurrency market exhibited robust bullish momentum over the past 24 hours, with Bitcoin (BTCUSDT) surging 4.06% to $105,201.05 according to real-time exchange data. This $4,104.44 price increase occurred within a volatile trading range between $99,594.16 and $105,883.31, accompanied by 14.14765 BTC in trading volume. Ethereum (ETHUSDT) outperformed significantly with a 7.58% gain to $2,413.83, equivalent to a $170.08 rise, while trading volumes reached 498.9651 ETH. The asset demonstrated strong upward pressure, hitting a 24-hour high of $2,437.05 after bottoming at $2,190.16. Solana (SOLUSDT) mirrored this trend with a 7.946% surge to $143.46 and 4,556.692 SOL traded, while XRPUSDT climbed 6.734% to $2.1523 with exceptional volume of 443,526.3 XRP. These movements reflect broad-based capital inflows into major cryptocurrencies during this period. Cross-asset analysis reveals altcoins gaining relative strength against Bitcoin, as evidenced by ETHBTC rising 3.145% to 0.02296 and SOLBTC increasing 3.901% to 0.0013689. This outperformance suggests potential capital rotation from Bitcoin into altcoins, though the high volatility ranges—such as Bitcoin's $6,289.15 price swing—indicate persistent market turbulence. The ETHUSDC pair showed particularly strong momentum with a 9.26% surge to $2,420.03 and volume of 20.853 ETH, while SOLUSDC gained 7.021% to $143.44 with 54.02 SOL traded, confirming bullish conviction across multiple trading pairs. Volume analysis indicates institutional-grade participation, especially in XRP and Ethereum markets where volume spikes coincided with price breakouts. Technical indicators highlight critical resistance levels at Bitcoin's $105,883.31 high and Ethereum's $2,437.05 peak, which could trigger profit-taking if tested unsuccessfully. The positive correlation between all major assets suggests synchronized market sentiment, though altcoins' higher beta presents amplified trading opportunities. Traders should monitor whether volume sustains above the 24-hour averages—particularly ETH's 498.9651 and XRP's 443,526.3 levels—to confirm trend continuation. On-chain metrics would provide additional confirmation of network activity, but current price action supported by rising volumes across USDT, USDC, and BTC pairs indicates legitimate upward momentum rather than isolated pumps.

Mihir

@RhythmicAnalyst

Crypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.

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