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Crypto News: Major Banks Reconsider Cryptocurrencies; GameStop’s Hefty Bitcoin Investment
As the crypto market continually evolves, here’s your latest update on the movements and shifts that matter. This Wednesday morning has seen notable activities that could shape the market’s direction.
Bitcoin and Ethereum Daily Performance
Bitcoin opened the market at $109,657, witnessing a slight decline of 0.5% within the last 24 hours. It fluctuated between a low of $108,568 and a peak of $110,407. Ethereum saw a more positive shift, climbing 1.1% to close at $2,634.94, with its price moving between $2,625.56 and $2,700.22.
Altcoin Market Movements
In the altcoin arena, Solana dipped by 1.1% to $175.71, XRP saw a minor decrease of 0.4% to $2.31, while Sui showed a rise of 2.3%, reaching $3.51. Cardano slightly fell by 1.2% to $0.7549.
Today’s Essential Crypto News
U.S. Banks Soften Stance on Crypto Amid Regulatory Changes
America’s leading banks, including JPMorgan Chase, Bank of America, and Morgan Stanley, are cautiously examining potential crypto services as regulatory environments show signs of becoming more accommodating under the current U.S. administration. However, they remain vigilant about the regulatory landscape’s volatility.
GameStop Dives Deeper into Crypto with a $513 Million Bitcoin Purchase
GameStop has significantly invested in Bitcoin, purchasing $513 million worth, reflecting its strategy to align more with digital asset trends. This move could potentially rejuvenate investor interest and marks a significant pivot towards cryptocurrency for the company.
SEC Reviews WisdomTree’s XRP ETF Application
The SEC has started reviewing WisdomTree’s application for an XRP spot ETF, a critical development for XRP. This review will assess the ETF’s ability to protect investors and could influence future decisions on altcoin ETFs.
Binance Surges to 275 Million Users
Binance, the global crypto exchange, announced a milestone of 275 million registered users, indicating robust growth and increased mainstream acceptance of cryptocurrencies. This growth has positively impacted its native token, Binance Coin (BNB), and overall market sentiment.
For more in-depth analysis and updates, visit [Financier News](https://www.financier.news/).
To explore more about how these developments affect the broader market, you can check out more details on [Binance](https://www.binance.com/).
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