2018-6-13 14:16 |
During a conference, Ripple's CEO touched upon the enormous amount of sway that Bitcoin's Chinese mining pools have on the network.
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Most tokens that debuted this year are trading below their initial valuations.
The company expanded its USD buffer runway beyond 2027, supporting dividends and reduces refinancing risk ahead of the next bitcoin halving.
VanEck data shows declining bitcoin mining activity has historically preceded strong returns in bitcoin.
Gold and copper have outperformed other major assets this year, with gold rallying more than copper.
The move added to selling pressure that had already been building since the governance proposal moved to a Snapshot vote.
Data from CoinGlass shows bitcoin is down more than 22% so far in the fourth quarter, making 2025 one of the weakest year-end periods outside of major bear markets.
Trading volume surged to 721 million tokens, indicating active repositioning rather than thin price movement.