Altcoins see mixed performance as XRP ETF gains traction and Solana drops 17%. Bitcoin ETFs face US$585M outflows, while Ethereum struggles. Bitcoin holds above US$96K. RBA cuts cash rate to 4.10% amid US economic concerns.
Marking a new era for Aussie investors, crypto matures with institutional investment and regulatory shifts.
Regulation, political movements, and technology are driving crypto’s rise in mainstream finance.
As institutions double down on crypto, Bitcoin remains in a consolidation phase. XRP surged on ETF news and Grayscale filed for a Cardano ETF. Goldman Sachs invested billions in Bitcoin, and Abu Dhabi’s sovereign fund poured US$436M into BlackRock’s Bitcoin ETF.
Bitcoin rebounded quickly after it briefly fell below US$95,000 on disappointing U.S. inflation data.
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