BlackRock’s Bitcoin ETF Hits Daily Volume Record of $10B

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price. The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of shares trading hands, Bloomberg ETF analyst Eric Balchunas said on X. Balchunas added that IBIT dropped 13% on the day, its “second-worst daily price drop since it launched,” with its biggest daily price crash coming in at 15% on May 8, 2024. Source: Eric Balchunas On Wednesday, IBIT posted…

Why Is The XRP Price Falling Today? Weak On-Chain Signals Raise Risk of a Move Toward $1.00

The XRP price is facing renewed selling pressure, even as Ripple announces another step toward deeper institutional integration with the decentralized finance (DeFi) ecosystem. Related Reading The token is trading near $1.42, down more than 10% over the past 24 hours, as market participants focus less on corporate developments and more on weakening technical and on-chain signals. The divergence shows a familiar pattern in the markets, positive infrastructure news does not always translate into price support. The latest drop accelerated after XRP slipped below $1.60, a level that had previously…