🚨 Behind the Blocks: What’s Actually Happening in Crypto?

News

🚀 Bitcoin Proxy Metaplanet Stock Shoots 18% As Japan Debt Crisis Worsens

Metaplanet stock price has once again hit a fresh upper limit, surging 18.38% on Monday, while closing at 966 JPY on the Tokyo Stock Exchange. This comes as Japan’s debt crisis worsens, with the 30-year government bond yields shooting by a massive 100 basis points, to a record 3.20%, in the last 45 days. Thus, the Bitcoin holding firm has proved to be investors’ safest bet in this macro uncertainty.

📢 Strategy Acquires 4,020 BTC For $427M; MSTR Stock Price Down 7%

Michael Saylor’s Strategy, previously known as MicroStrategy, made another BTC purchase between May 19 and 25, bringing its total holdings to 580,250 BTC. This comes amid plans to raise $2.1 billion to buy more BTC. Meanwhile, the MSTR stock price is in the red and has failed to rally despite the announcement of this most recent Bitcoin purchase.

Markets

📊 Here’s XRP Price if BlackRock Files for Spot ETF This Week

The crypto market is rife with speculation that BlackRock may submit a spot XRP ETF filing with the SEC soon. One of the reasons for this is the recent spike in the XRP ETF approval odds to 83%. Even if an approval is far away, how would an XRP ETF filing from BlockRock this week impact the price of XRP? At press time, XRP trades at $2.34 with a slight 0.9% intraday gain and 38% below its all-time high. If BlackRock files for a spot XRP ETF this week, can the price soar to record highs? Let’s explore.

📈 3 Reasons BTC Price Is Not Rallying to $120,000 or Higher

Bitcoin (BTC) is up 3.38% in the past 12 hours, attempting to recover from Friday’s brutal correction. Technical and on-chain data show why BTC price revisiting of the all-time high of $111,959.5 or a push higher toward $120,000 is unlikely.