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Crypto Pulse Daily: Wall Street Giant Jane Street Backs XRP ETF Momentum

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The Royal Government of Bhutan has continued its Bitcoin selling streak during the recent downturn in the market. This came as the BTC price fell to around $66,000 amid bearish projections.

In major XRP news today, trading giant Jane Street Group has emerged as a key institutional player driving inflows into XRP ETFs. The firm Jane Street has joined financial heavyweights such as Goldman Sachs and Susquehanna in scooping up XRP holdings.

Bitcoin price has fallen 1.41% to $66,946 over the past 24 hours, following a bearish market trend. The larger cryptocurrency market also declined by 1.59%, with the market value at 2.29 trillion. This fall is largely influenced by macroeconomic factors that affect selling pressure.

Bitcoin is nearing an important support of about $65,000. In the meantime, gold and silver have had minor losses following a recent correction.

The XRP and Ethereum prices remained in a bear market today, February 13, as the recent sell-off gained steam ahead of the upcoming US inflation report. The two coins also slipped after reports emerged that Donald Trump was considering cutting key steel and aluminum tariffs to address the ongoing cost-of-living crisis.

XRP price was trading at $1.3685, down sharply from the all-time high of $3.6580, while ETH was trading at $1,960, a few points above the year-to-date low of $1,750.