Live markets: bitcoin on sidelines as markets surge on Iran peace hopes
Trump's Iran peace announcement sparked stock and bond market rallies, with Nasdaq surging 1.4% and chip stocks like Micron jumping 17%. Bitcoin remains sidelined at $76,800, down nearly 1%, as traders pivot toward AI stocks and mega-IPOs like SpaceX. Ethereum, Solana, and XRP follow crypto's downward pressure amid risk-on sentiment favoring traditional equities over digital assets.
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Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt
Major cryptocurrency trading firm slashes cash reserves by 61% to repurchase $1.5 billion in debt, signaling confidence in market conditions. The strategy reflects aggressive financial repositioning amid volatile crypto markets. Bitcoin trades near $76,933 with modest losses. This move influences institutional sentiment around debt management in crypto, potentially impacting leverage strategies for Indian crypto investors monitoring market cycles.
Tom Lee's BitMine Makes Biggest Ethereum Buy Yet in 2026
Tom Lee's BitMine made its largest Ethereum purchase yet in 2026, signaling institutional confidence in ETH despite recent market weakness. Ethereum fell 2.15% to $2,079.90 amid broader crypto pullback, but the major buy suggests institutional players see value at current levels. The move reinforces growing institutional adoption patterns relevant for Indian investors tracking major market movements.
XRPL could close its biggest DeFi gap if new AMM amendment passes
XRPL's proposed "AMM Swappable Curves" amendment would add concentrated liquidity and StableSwap options to its automated market maker, addressing a critical DeFi gap. The upgrade enables capital-efficient trading for volatile pairs and stablecoins while preserving existing pools. With $3 billion in tokenized real-world assets on XRPL, this enhancement could unlock institutional yield and trading activity, though amendment passage isn't guaranteed and could take months.