- Ether led gains above $2,700 supported by strong institutional ETF inflows, while XRP remained flat despite VivoPower’s $121 million XRP treasury plan.
- Overall, the crypto market stayed range-bound as investors entered a stable “Goldilocks zone” amid easing bond yields and cautious short-term sentiment.
The cryptocurrency market saw a mixed day as Ether (ETH) emerged as the only major token in the green, pushing above $2,700 early Thursday. This modest gain stood out in an otherwise range-bound market, despite several impactful macroeconomic and corporate headlines.
Ether Attracts Institutional Interest
One key driver for Ether’s rise was strong inflows into Ether-based spot ETFs, signaling ongoing institutional appetite for the asset. Traders noted that while Bitcoin (BTC) flows slowed, Ether continued to attract investment. This institutional backing suggests confidence in ETH’s long-term potential, even as overall market sentiment remains cautious.
ALSO READ:Uniswap’s UNI Eyes $10 After Hitting Highest Price in 85 Days
XRP Stays Muted Despite Big Treasury News
XRP’s price, in contrast, remained largely flat after Nasdaq-listed VivoPower revealed plans to allocate $121 million to build an XRP-based treasury reserve. This move echoes earlier strategies by companies like MicroStrategy, which famously built bitcoin treasury reserves. However, this announcement did not immediately move XRP’sprice, reflecting muted market reaction despite the sizeable investment.
Nick Ruck, director at LVRG Research, highlighted the mixed signals in the market. “While US stocks rose after a federal court blocked Trump’s tariffs, Bitcoin slumped after the Fed decided to hold interest rates,” he said. According to Ruck, investors might still hold long-term optimism but are reducing short-term risk exposure, especially in Bitcoin.
ALSO READ:How ONDO and Chainlink Are Transforming the Future of Financial Markets
Market Stays Range-Bound with Limited Movement in Altcoins
Outside of Ether’s modest gain, other major cryptocurrencies like Cardano (ADA), Binance Coin (BNB), Dogecoin (DOGE), and Solana (SOL) showed little price movement over the past 24 hours. Bitcoin also dropped below the $108,000 level, contributing to a 2.5% dip in total market capitalization.
An interesting narrative unfolded with Toncoin (TON), which initially fell after a 20% surge fueled by reports of a partnership with Elon Musk’s xAI. Musk later clarified no formal deal was signed, with Toncoin’s Pavel Durov confirming the agreement was still pending formalities.
Entering the “Goldilocks Zone”
Market observers have noted a shift toward a so-called “Goldilocks zone” — a state where economic data remains stable, risks have been absorbed, and investors await new catalysts. QCP Capital pointed out that volatility across asset classes has dropped sharply, aided by declining yields on U.S. and Japanese long-term bonds.
Yields on 10- and 30-year U.S. Treasuries fell below 4.5% and 5%, respectively, while Japan’s 30-year bond yields dipped under 3%. This easing has reduced near-term fiscal panic despite historically high debt levels.
As companies and consumers gradually adapt to recent tariff policies, markets may see clearer direction emerging only in the third quarter. Until then, cryptocurrency prices may stay muted with Ether leading the way in positive momentum.
This snapshot reflects a cautious yet watchful market environment, where Ether shines amid steady institutional interest and XRP awaits further moves despite strong corporate backing.
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
