Institutional adoption of crypto ETFs signals a shift towards mainstream acceptance, potentially increasing crypto&#8217;s role in diversified portfolios. The post Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed accounts appeared first on Crypto Briefing.

Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed accounts

Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 
7, aside from a few dips to as low as $98,000 in June, which were quickly 
followed by daily candle closes above the $100,000 level. Recent analysis 
reveals that BTC has withstood sustained selling pressure on Binance 
Derivatives throughout this period. Bitcoin Withstands Binance Derivatives 
Sell-Off According to a CryptoQuant Quicktake post by contributor BorisVest, 
taker users on Binance Derivatives have consistently engaged in sell-side 
activity for at least the past 45 days. Notably, the Cumulative Volume Delta 
(CVD) has remained negative throughout this time. For the uninitiated, the CVD 
measures the net difference between market buy &#8211; aggressive buying &#8211; and 
market sell &#8211; aggressive selling &#8211; orders over time. It helps traders identify 
whether buying or selling pressure is dominating, even if price remains 
stable. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward 
$100,000, Reinforcing Bullish Sentiment BorisVest noted that Binance 
Derivatives traders are treating each BTC bounce or rally as a selling 
opportunity, opening aggressive short positions via market sell orders. 
However, this strong sell pressure has failed to push prices lower, as BTC 
continues to absorb the selling activity and maintain support above $100,000. 
The analyst added that as long as BTC remains within its current range &#8211; 
between $100,000 and $110,000 &#8211; while absorbing sell pressure, the potential 
for upside remains intact. He explained: The CVD metric plays a crucial role 
here. It aggregates both taker and maker activity to provide a real-time 
picture of net buy/sell pressure. The fact that CVD remains in decline 
confirms the dominance of sell-side flow. Yet, the inability of price to drop 
further despite this pressure may signal that Bitcoin is being absorbed by 
institutional or large players in the background. That said, other analysts 
interpret the persistent selling pressure differently. For example, fellow 
CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is 
struggling to keep pace with the combined supply pressure from newly mined BTC 
and selling by long-term holders. BTC Eyeing A Breakout Ahead? Bitcoin’s 
resilience in the face of heavy selling on Binance Derivatives has once again 
sparked speculation about a potential breakout. Several additional data points 
suggest that BTC may be poised to move into a higher price range soon. Related 
Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The 
Next Target? For instance, recent on-chain data shows that &#8220;weak hands&#8221; are 
offloading their BTC holdings to larger, more established investors &#8211; 
indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, 
institutional interest in the asset continues to grow. Additionally, the 
Bitcoin Yearly Percentage Trend suggests that BTC could top out around 
$205,000 by the end of 2025. At press time, BTC trades at $108,589, up 0.4% in 
the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and 
TradingView.com

Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?

The tokenization of equities, while seen as a promising way to democratize 
access to publicly listed company stocks, has not gained traction as expected. 
Proponents of tokenization argue that existing regulations block the 
widespread adoption of equity tokenization. The Slow Burn of Equity 
Tokenization: Hype Versus Reality Although the tokenization of equities is 
widely accepted […]

Tokenized Equities: Big Promise, Bigger Hurdles in the Race to Democratize Investing

Major news outlets The Wall Street Journal, the Financial Times and The New 
York Times published just 13 articles on Bitcoin in Q2, according to research 
from Perception.

Bitcoin lacked mass media coverage in Q2: Report

XRP price started a fresh increase above the $2.30 zone. The price is now 
showing positive signs and might climb above the $2.32 resistance. XRP price 
started a fresh increase above the $2.280 zone. The price is now trading above 
$2.280 and the 100-hourly Simple Moving Average. There is a key bullish trend 
line forming with support at $2.280 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair could start another increase if it stays 
above the $2.250 zone. XRP Price Eyes Fresh Increase XRP price started a fresh 
increase after it settled above the $2.2620 level, beating Bitcoin and 
Ethereum. The price was able to climb above the $2.280 resistance level. The 
recent move was positive and the bulls pushed the price above the 50% Fib 
retracement level of the downward move from the $2.353 swing high to the 
$2.251 low, and tested the $2.32 zone. Besides, there is also a key bullish 
trend line forming with support at $2.280 on the hourly chart of the XRP/USD 
pair. The price is now trading above $2.280 and the 100-hourly Simple Moving 
Average. On the upside, the price might face resistance near the $2.320 level. 
The first major resistance is near the $2.330 level or the 76.4% Fib 
retracement level of the downward move from the $2.353 swing high to the 
$2.251 low. A clear move above the $2.330 resistance might send the price 
toward the $2.350 resistance. Any more gains might send the price toward the 
$2.40 resistance or even $2.420 in the near term. The next major hurdle for 
the bulls might be near the $2.50 zone. Another Decline? If XRP fails to clear 
the $2.320 resistance zone, it could start another decline. Initial support on 
the downside is near the $2.280 level and the trend line zone. The next major 
support is near the $2.250 level. If there is a downside break and a close 
below the $2.250 level, the price might continue to decline toward the $2.220 
support. The next major support sits near the $2.20 zone. Technical Indicators 
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 
level. Major Support Levels – $2.280 and $2.250. Major Resistance Levels – 
$2.330 and $2.350.

XRP Price Regains Traction — Is a Powerful Upside Break Brewing?

Ethereum price started a fresh increase above the $2,550 zone. ETH is now 
consolidating gains and might aim for a fresh move above $2,620. Ethereum 
started a fresh increase above the $2,550 level. The price is trading above 
$2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend 
line forming with support at $2,550 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could start a fresh increase if it remains supported 
above the $2,550 zone in the near term. Ethereum Price Gains Pace Ethereum 
price started a fresh increase above the $2,560 zone, beating Bitcoin. ETH 
price gained pace for a move above the $2,600 resistance zone and entered a 
positive zone. The price even tested the $2,620 resistance. A high was formed 
at $2,627 and the price is now consolidating gains. It is stable above the 
23.6% Fib retracement level of the upward move from the $2,515 swing low to 
the $2,627 high. Ethereum price is now trading above $2,580 and the 100-hourly 
Simple Moving Average. Besides, there is a key bullish trend line forming with 
support at $2,550 on the hourly chart of ETH/USD. On the upside, the price 
could face resistance near the $2,620 level. The next key resistance is near 
the $2,650 level. The first major resistance is near the $2,680 level. A clear 
move above the $2,680 resistance might send the price toward the $2,780 
resistance. An upside break above the $2,780 resistance might call for more 
gains in the coming sessions. In the stated case, Ether could rise toward the 
$2,880 resistance zone or even $2,920 in the near term. Are Downsides Limited 
In ETH? If Ethereum fails to clear the $2,620 resistance, it could start a 
fresh decline. Initial support on the downside is near the $2,570 level. The 
first major support sits near the $2,520 zone and the trend line. A clear move 
below the $2,520 support might push the price toward the $2,450 support. Any 
more losses might send the price toward the $2,350 support level in the near 
term. The next key support sits at $2,320. Technical Indicators Hourly MACD – 
The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The 
RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major 
Resistance Level – $2,620