Daily Crypto Signals: Bitcoin Holds $70K, Ripple Eyes $50B Valuation and Australian License

Quick overview

Bitcoin BTC/USD reclaimed the $70,000 mark Wednesday but faces persistent resistance below $74,000, while Ripple XRP/USD advances on multiple fronts with a $750 million share buyback and an imminent Australian financial license.

Crypto Market Developments

Wednesday’s crypto session was shaped by a mix of regulatory clarity, legal battles, and institutional maneuvering. The US FDIC confirmed that stablecoins will not receive deposit insurance under the newly passed GENIUS Act, drawing a firm line for digital asset holders seeking government-backed protection. Meanwhile, Binance escalated tensions with the Wall Street Journal, filing a defamation lawsuit after the outlet reported a potential DOJ investigation into Iran’s alleged use of the exchange to evade US sanctions. Binance denied knowledge of any such investigation. On the institutional side, Ripple continued its aggressive global expansion, with both a landmark share buyback and a pending Australian financial services license making headlines.

Bitcoin Holds $70,000 Support for Now

On Wednesday, Bitcoin rose back above $70,000, but professional traders were not very encouraged by the rebound. Deep cynicism has been fostered by five weeks in a row of unsuccessful breakout attempts over $74,000, and the larger macroeconomic picture isn’t helping either. Despite $414 million in ETF net inflows earlier in the week, institutional appetite has remained cautious due to geopolitical risk from the ongoing US-Israel-Iran dispute and a very poor US labor report that showed 92,000 job loses in February compared to an expected rise of 55,000.

That worry is reinforced by derivatives data. Deribit’s Bitcoin call options with a $78,000 strike price for March 27 are pricing in less than a 17% chance of reaching that level, suggesting whales and market makers don’t anticipate much upside momentum in the near future. Even after a dramatic four-day surge earlier this month, the annualized futures premium has been below the 4% neutral barrier. Although rising institutional yield products linked to Strategy (previously MicroStrategy) shares may offer a longer-term tailwind for Bitcoin accumulation, analysts believe a sustained break over $78,000 is unlikely until April.

Ripple Announces $750M Share Buyback in April

Even if the price of XRP has dropped more than 53% over the last six months to about $1.39, Ripple is still making progress on a number of strategic fronts. According to reports, the business intends to make a $750 million share buyback tender offer through April, valuing Ripple at $50 billion, a 25% increase over the $40 billion valuation given following its $500 million financing round in November 2025. Despite the token’s difficulties in the open market, the action shows internal confidence in the company’s long-term future. President Monica Long has continued to rule out a public listing.

In terms of operations and regulations, Ripple is on schedule to obtain an Australian Financial Services License (AFSL) after acquiring BC Payments Australia on April 1. Fiona Murray, the company’s managing director for APAC, justified the investment by pointing to the region’s considerable institutional interest. This completes a series of licensing victories over the previous year, including conditional approval for a US national trust bank charter and licenses in Singapore, the United Arab Emirates, and the United Kingdom. Since its inception in December 2024, Ripple’s stablecoin RLUSD has now surpassed $1 billion in market capitalization, and the Ripple network as a whole has now handled over $100 billion in transactions.

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Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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