These have been some tough weeks, I won’t deny it 🫂 But you know what? This isn’t the first time this has happened, and it won’t be the last either.
I already told you a few weeks ago. That’s how Bitcoin is. Its volatility isn’t a mistake, a failure, or a “problem.” It’s part of its design, and that’s okay.
If you need an extra dose of motivation, I usually remember a quote from a legendary 1976 movie—Rocky—that you might recognize: “It’s not about how hard you hit, but how hard you can get hit and keep moving forward.”
That’s the spirit. Diamond hands, and keep going! ✊💎
Why am I telling you all this? Because market corrections allow us to stop focusing on prices and pay attention to something far more important: the value of a project.
And in that regard, Bitcoin is unmatched.
Now, after the pep talk, let’s get to the news, shall we?
Buying 1 Million Bitcoins
After dropping to $78,000, Bitcoin has bounced back and is now hovering around $83,000 🎢
This rebound is driven by positive inflation data in the U.S. and Senator Cynthia Lummis, who wants to revive the so-called BITCOIN Act, which proposes purchasing 1 million bitcoins over five years to strengthen the Strategic Reserve.
The senator argues that a Bitcoin reserve is crucial for the U.S. to continue leading the global economy for centuries to come.
Can you imagine the impact on the market if other countries followed suit? 🤯
New Round for XRP ETFs
Major investment firms like Grayscale, Bitwise, WisdomTree, and now Franklin Templeton are filing for spot XRP ETFs, as the SEC is close to dropping its case against Ripple.
Franklin Templeton manages $1.5 trillion in assets, so its entry into the XRP ETF scene is a big move and could speed up approval.
đź’ˇ The approval of these ETFs would demonstrate institutional support for XRP, potentially sparking a new bullish cycle.
Solana Leads the Altcoin Recovery
🌞 Solana (SOL) is making a comeback! After recent sell-offs triggered by rumors of new tariffs from Trump, this altcoin is leading the recovery alongside XRP.
Solana’s unique features have made it a favorite among DeFi users and firms like Galaxy Digital, which recently purchased nearly $40 million worth of SOL.
Additionally, Franklin Templeton has also filed for a spot SOL ETF.
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