CryptoWire, NEW YORK: Bitcoin rebounded above $70,000 on Friday after sliding to about $60,018 earlier in the session, a sharp swing that underscored renewed volatility in the cryptocurrency market. The world’s largest digital asset traded as high as roughly $71,465 during the rebound. By Saturday, Bitcoin was trading around $69,000, off the day’s highs but well above the prior session’s low. The move followed a broad selloff that hit a range of risk assets, including cryptocurrencies, equities and metals. Bitcoin’s drop to near $60,000 marked its weakest level since late October 2024 before buyers returned and prices recovered. The rebound coincided with a strong upswing…
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CryptoWire, LONDON: XRP traded lower on Friday following a brief rally sparked by Ripple Labs’ approval from the United Kingdom’s Financial Conduct Authority (FCA). The cryptocurrency, the world’s sixth-largest by market capitalization, fluctuated between $2.08 and $2.15 during the last 24 hours as traders reacted to a mix of regulatory and market developments. Ripple’s FCA registration marks a significant regulatory milestone for the company, allowing it to offer certain crypto-related services under the UK’s financial supervision framework. The approval extends Ripple’s compliance footprint in Europe, where the company continues to position its blockchain technology for cross-border payments and digital asset liquidity solutions. Industry observers have…
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Ripple unlocked 1 billion XRP tokens from escrow, raising concerns over supply management as XRP’s price drops 2.4% to $0.557. Ripple faces growing market scrutiny.