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Summary ⚈ XRP open interest rose 28% since April 15, nearing a 1-month high at 1.51 billion. ⚈ XRP price surged 10.52% to $2.31, bringing 2025 year-to-date gains to 11.32%. ⚈ New XRP ETFs and upcoming CME options launch contribute to growing speculative sentiment. XRP open interest is nearing a 1-month high, per data retrieved by Finbold from cryptocurrency on-chain and market data analytics platform CryptoQuant . To be more precise, as of April 27, some 1.51 billion derivatives positions were open, marking a roughly 28% increase from a 1-year low of 1.18 billion positions on April 15. XRP open interest 1-month chart. Source: CryptoQuant Coupled with recent increases in XRP’s price, the rise in open interest suggests a widespread bullish sentiment.  At press time, the cryptocurrency was changing hands at a price of $2.31, having marked a 10.52% surge from the $2.09 price point seen on April 15 which has brought year-to-date (YTD) gains up to 11.32%. ...

BTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire this Friday. The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy takes time to influence the markets. Bitcoin daily price movements during option expiries. Source: TradingView Looking back, the monthly expiry on June 30 did not cause significant volatility, given that Bitcoin had already experienced a 22.2% gain between June 15 and June 23. Conversely, the May monthly expiry triggered a 9% rally, with Bitcoin's price rising from $26,100 on May 25 to $28,450 on May 29. In contrast, the options expiry in April resulted in a 7% correction, as Bitcoin's price dropped from $29,900 on April 2...

Ethereum price looks poised for additional downside as low as the $1,560 level. Ether (ETH) price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support.  It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether, which is higher than PetroChina’s $186 billion, and not far from chipmaker AMD’s $198 billion. Being the 66th largest global tradable asset in the world is no small feat, especially considering that the cryptocurrency is merely 8 years old and does not return any kind of direct profit for the project’s maintenance. On the other hand, securities enjoy the benefits of corporate earnings and eventual government subsidies, so perhaps investors should be concerned by the recent price drop from Ether. Ether price pressured succumbs to regulation and lowered network activity Regulatory pressure helped to subdue investors’ a...

BTC’s recent price swings are the result of regulatory pressure and the Federal Reserve’s stance on U.S. inflation. Bitcoin (BTC) bulls laid most of their options at $24,500 and higher for the March 3 options expiry, and given the recent bullishness seen from BTC, who can blame them? On Feb. 21, Bitcoin price briefly traded above $25,200, reflecting an 18% gain in eight days. Unfortunately, regulatory pressure on the crypto sector increased and despite no effective measures being announced, investors are still wary and reactive to remarks from policymakers. For instance, on Feb. 23, U.S. Securities and Exchange Commission Chair Gary Gensler claimed that "everything other than Bitcoin" falls under the agency's jurisdiction. Gensler noted that most crypto projects "are securities because there's a group in the middle and the public is anticipating profits based on that group." March 1 comments from two U.S. Federal Reserve (FED) officials reiterated the nece...