Swiss banking giant UBS, with assets under management (AuM) of up to $7 trillion, is set to launch Bitcoin trading for some of its clients. This comes amid predictions that regulatory clarity and broader adoption could send the BTC price to as high as $200,000. 

UBS To Offer Bitcoin Trading To Some Wealth Clients

Bloomberg reported that UBS is planning to launch crypto trading for some of its wealth clients, starting with its private bank clients in Switzerland. The bank will reportedly begin by offering these clients the opportunity to invest in Bitcoin and Ethereum. At the same time, the crypto offering could further expand to clients in the Pacific-Asia region and the U.S.

The banking giant is currently in discussions with potential partners, and there is no clear timeline for when it could launch Bitcoin and Ethereum trading for clients. This move is said to be partly due to increased demand from wealth clients for crypto exposure. UBS also faces increased competition as other Wall Street giants are working to offer crypto trading. 

Morgan Stanley, in partnership with Zerohash, announced plans to launch crypto trading in the first half of this year, starting with Bitcoin, Ethereum, and Solana. The banking giant may soon also be able to offer its crypto products, as it has filed with the SEC to launch spot BTC, ETH, and SOL ETFs. 

Furthermore, JPMorgan, another of UBS’ competitors, is considering offering crypto trading to institutional clients, although this plan is still in the early stages. The bank already accepts Bitcoin and Ethereum as collateral from its clients. Last year, it also filed to offer BTC structured notes that will track the performance of the BlackRock Bitcoin ETF.

Can Bank’s Entry Trigger A BTC Rally To $200,000  

Kevin O’Leary predicted that Bitcoin could rally to between $150,000 and $200,000 this year, driven by the passage of the CLARITY Act. His prediction came just as White House Crypto Czar David Sacks said banks would fully enter crypto once the bill passes. As such, there is a possibility that BTC could reach this $200,000 psychological level in anticipation of the amount of new capital that could flow into BTC from these banks once the bill passes. 

BitMine’s Chairman, Tom Lee, also predicted during a CNBC interview that Bitcoin could reach between $200,000 and $250,000 this year, partly due to growing institutional adoption by Wall Street giants. Meanwhile, Binance founder Changpeng “CZ” Zhao said that a BTC rally to $200,000 is the “most obvious thing in the world” to him.

At the time of writing, the Bitcoin price is trading at around $89,600, up in the last 24 hours, according to data from CoinMarketCap.

A recent statement from an XRP Ledger (XRPL) developer suggests that XRP could be the key to an early retirement shortcut. Unlike steady paychecks or slow-growing investments in traditional assets, cryptocurrencies have the ability to create generational wealth rapidly, due to their penchant for sudden and explosive price moves. Among the thousands of digital assets on the market, the developer highlighted the token as his primary choice for investors seeking substantial returns, even sharing strategies for how the coin can help them retire in a few years. 

XRP Emerges As Shortcut To Early Retirement

A DropCoin XRPL developer, identified as ‘Bird’ on X, announced on Thursday, January 22, that buying and holding XRP at current prices could help investors retire within a few years. The bold claim quickly caught the attention of many in the crypto community, with some asking the developers to elaborate on the strategies involved and the expected timeline for achieving such wealth. 

Related Reading: XRP Price Obliteration Is Not A Matter Of If, New All-Time Highs Are Coming

Not stopping there, Bird claimed that investing in the token could eliminate the need for a job, suggesting that long-term investors may eventually rely on the potential profits from their holdings as a primary source of income. His statements were in response to a post by Watcher.Guru, which the developer directly referenced to support his optimistic long-term outlook. 

In that post, Watcher Guru quoted a statement reportedly made by Binance’s founder ChangPeng Zhao, who also agreed that holding crypto assets over time could make jobs unnecessary and allow investors to retire sooner than planned. The Ledger developer shared a screenshot of Zhao making similar remarks about Artificial Intelligence, suggesting that the Binance founder views both crypto and AI as powerful tools for achieving long-term financial freedom. 

A crypto community member who responded to Bird’s post questioned how long an investor has to hold XRP before retiring early. The developer answered humorously that it could be held indefinitely, adding that some investors could reach early retirement this year, while others may need a few more years. He emphasized that the timeline ultimately depends on how many tokens an investor holds.  

How High The Altcoin Could Rise To Enable Early Retirement

Addressing questions from the crypto community members, Bird shared his outlook on how high he believes XRP’s price could rise, helping investors achieve early retirement. He predicted that within the next few years, the cryptocurrency could rise to $100 and beyond—a significant jump from its current market price of around $1.90. 

Related Reading: How Donald Trump’s Latest Crypto Move Will Boost Demand For XRP

The Ledger developer suggested that reaching $100 could be a gradual process for the altcoin, forecasting an initial rally to $10 in the First Quarter (Q1) of 2026. Notably, Bird’s remarks reflect a classic buy-the-dip and hold strategy, where investors accumulate during downtrends and patiently wait for the price to rally explosively before taking profits.

In an interesting development, Grayscale has applied to the United States Securities and Exchange Committee to launch a spot exchange-traded fund (ETF) linked to BNB, the Binance Ecosystem’s native token. This move marks a power play by the asset management firm to further establish itself in the cryptocurrency space.

Grayscale Looks To Add To List Of Crypto-Linked ETFs

On Friday, January 23, Grayscale filed an S-1 registration statement with the SEC to launch a spot BNB exchange-traded fund in the US. According to the SEC filing, the proposed Grayscale ETF would hold the Binance ecosystem’s native token directly and issue shares designed to track the token’s market value.

This Grayscale investment product, if approved, would offer US investors exposure to the BNB token without having to own or hold the asset themselves. The asset manager’s registration statement also revealed that the exchange-traded fund would trade on the Nasdaq exchange under the ticker symbol GBNB, subject to regulatory approval. 

It is worth mentioning that Grayscale is not the first asset manager to file for a spot BNB ETF, as VanEck applied as far back as April 2025. However, this latest filing reflects the firm’s resolve to expand its list of crypto-linked investment products, especially after the successful launch of the Bitcoin and Ethereum ETFs.

It was always only a matter of time before BNB, the fourth-largest cryptocurrency by market capitalization, received extra attention from institutions focused on exchange-traded products. As such, this move by Grayscale has caught the attention of the cryptocurrency market, including former Binance CEO Changpeng ‘CZ’ Zhao.

In a Friday post on the social media platform X, CZ said that Grayscale’s submission of its S-1 filing to the SEC represents a small step toward making the United States the capital of crypto. “A small step in helping to make America the Capital of Crypto, by giving access to the 3rd largest crypto,” the Binance co-founder wrote on Friday.

Meanwhile, Bloomberg ETF expert James Seyffart concurred that a spot ETF approval could mean that the BNB token will be classified as a commodity rather than a security. This is because the approval of an exchange-traded fund is often an indication that the SEC views the underlying asset as a commodity rather than as a security.

BNB Price At A Glance

After making a play for $900 on Friday afternoon, the price of BNB now stands at around $890. According to data from CoinGecko, the fourth-largest cryptocurrency is down by nearly 5% in the past seven days.

Binance founder and former CEO Changpeng Zhao (CZ) has pushed back against growing scrutiny surrounding his relationship with President Donald Trump, saying his ties to the president and his family have been widely misunderstood following Trump’s decision to grant him a pardon last year.

CZ Rejects Allegations Of Binance’s Political Links

Attention on Zhao intensified after President Trump issued a pardon in October 2025, a move that prompted renewed criticism from Democratic lawmakers and fueled questions about Binance’s alleged political and business connections. 

Addressing the controversy in a recent interview with CNBC, Zhao said claims of a business relationship with the Trump family are inaccurate. “There’s no business relationship whatsoever,” Zhao stated. The former executive added that the narrative surrounding the pardon and Binance’s alleged ties to Trump had been “misconstrued.”

Much of the scrutiny centers on Binance’s connection to the Trump-linked decentralized finance (DeFi) venture World Liberty Financial (WLFI). 

That connection traces back to a $2 billion investment made in March 2025 by MGX, a state‑owned firm based in Abu Dhabi, United Arab Emirates. MGX invested in Binance using USD1, a stablecoin created by World Liberty Financial.

Zhao emphasized that the payment method was chosen by the investor, not Binance. “MGX is the investor. They choose USD1,” he said. “My request to them was they pay us in crypto. I don’t want to deal with banks, really.” 

According to Zhao, the use of the venture’s USD1 stablecoin has been wrongly interpreted as evidence of a deeper relationship. “Many people misconstrued that,” he added.

WLFI Push Back On Political Influence Claims

In a statement, WLFI spokesperson David Wachsman said the company played no role in the pardon process. “As we have stated many times, WLFI is not a political organization and had zero role in the pardon process,” Wachsman said. “To imply otherwise is dangerous and false.”

Trump himself downplayed any personal connection in a November interview with CBS’s 60 Minutes. “I have no idea who he is,” the president said of Zhao. Trump added that he had been told Zhao was “a victim, just like I was and just like many other people, of a vicious, horrible group of people in the Biden administration.”

Additional attention has focused on Binance’s lobbying efforts in Washington. NBC News reported during the week of the pardon that Binance had hired Checkmate Government Relations, a lobbying firm led by Charles McDowell, who is a friend of Donald Trump Jr. 

According to disclosures, the firm was paid $450,000 to lobby the White House and the Treasury Department on matters including “executive relief” and digital asset‑related financial services policy.

Zhao denied that any lobbying effort was connected to his pardon. “There is a lot of media saying that there is some deal in place to get me the pardon,” he told CNBC in Davos. “As far as I know, that does not exist at all.”

Binance’s former CEO also said he has never spoken directly with President Trump. “The closest that I got to him was today when he was doing the Board of Peace session,” Zhao said. “I was in the audience, about 30 to 40 feet away from him.”

At the time of writing, Binance Coin (BNB) was trading at $893, having recorded a 4% drop over the previous week. However, it is one of the few cryptocurrencies to have retained gains year-to-date, with an increase of 30% in that time. 

Featured image from OpenArt, chart from TradingView.com 

XRP is attempting to stabilize above the $1.90 level after slipping below the $2.00 mark, a breakdown that has fueled fresh uncertainty across the market. With momentum weakening and volatility picking up, traders are now watching whether this pullback becomes a temporary reset or the start of a deeper downside move.

Analysts remain divided on the outlook, as some argue XRP is entering a bearish continuation phase, while others believe the market is simply clearing leverage before a rebound. Either way, the coming sessions are shaping up to be decisive for short-term direction.

A report from Arab Chain adds an important layer of context by focusing on Binance flow dynamics. According to the report, data from Binance’s XRP platform shows the 30-day correlation between price and CVD (Cumulative Volume Delta) sitting near 0.61, which signals a moderate to strong positive relationship between price action and net volume flows. In simple terms, XRP’s recent moves have not been disconnected from trading activity.

Instead, price changes appear to be relatively supported by actual volume behavior rather than isolated technical noise.

This matters because when price and CVD remain positively linked, the market is often viewed as structurally aligned, suggesting trend confirmation rather than a random bounce. For XRP, this correlation could become a key signal as bulls fight to defend $1.90.

XRP’s CVD Confirmation Score Shows Base-Building, Not Capitulation

Arab Chain explains that while the 30-day price–CVD correlation remains positive, the latest CVD reading is still relatively negative, signaling that accumulated selling pressure has not yet flipped into net buying dominance. This is a critical nuance.

Rather than acting like a simple “buy” or “sell” trigger, the metric functions as a confirmation score, meaning it evaluates whether price action is internally supported by volume flows instead of offering a clean entry signal. In other words, it helps traders judge the quality of the trend and whether market behavior is coherent beneath the surface.

The real value of this framework is its ability to detect divergence early. If XRP’s price attempts to recover while correlation deteriorates, or if CVD stays negative during upside moves, it would suggest hidden weakness and a higher probability that rallies are being sold into. That kind of imbalance often appears before sharp reversals, especially in uncertain conditions where liquidity is thin and momentum-driven positioning dominates.

In the current context, however, the market is sending a more balanced message. The persistence of a positive correlation despite ongoing price weakness implies that XRP may be entering a base-building phase, where selling pressure is being absorbed gradually rather than accelerating into aggressive distribution.

Trend Weakness Keeps Bulls On Defense

XRP is trading near $1.91 on the 3-day chart after failing to reclaim the $2.00 level, keeping the market in a fragile short-term position. The structure shows that XRP topped above $3.50 during the mid-2025 rally, but the move has since unraveled into a steady downtrend defined by lower highs and repeated breakdowns. After the sharp leg lower in October, the price attempted to stabilize, but the recovery lacked follow-through and has gradually faded into a tighter compression zone.

From a trend perspective, XRP remains capped below its major moving averages. The blue average is sloping downward and sits above price near the mid-$2 range, reinforcing a bearish bias and limiting upside attempts. The green average is also flattening and rolling over, confirming that momentum has weakened across multiple timeframes. Meanwhile, XRP is now leaning directly on the red long-term average, which is rising toward the current price and acting as a key support reference around the $1.85–$1.90 region.

Price action over the last several candles suggests a base-building process, but it is still premature to call a reversal. Bulls need to defend this support zone and reclaim $2.00–$2.10 to shift momentum back in their favor. If XRP loses the rising long-term average, downside risk increases toward $1.70 and potentially the mid-$1.50 area, where demand previously stepped in.

Featured image from ChatGPT, chart from TradingView.com 

Binance is exploring plans to bring back stock trading on its platform four years after discontinuing the feature, according to a report from The Information.

The world’s largest crypto exchange removed stock tokens in 2021 amid regulatory scrutiny, but now appears ready to re-enter equity markets as competitors push toward unified investment platforms.

The timing aligns with a broader industry shift toward “everything exchanges” that combine crypto and traditional assets under a single platform.

Coinbase began rolling out stock trading to select users earlier this month while positioning itself against traditional brokerages and rival Robinhood, which has offered blended stock and crypto trading for years.

JUST IN: Binance considers bringing back stock trading, The Information reports.

— Watcher.Guru (@WatcherGuru) January 23, 2026

Exchanges Race to Build Unified Platforms

Binance’s potential return to stock trading comes as multiple crypto platforms accelerate efforts to merge digital assets with conventional financial products.

Coinbase CEO Brian Armstrong defended his company’s push into equities in a recent Fortune interview, arguing the exchange is positioned to lead as financial assets migrate to blockchain infrastructure.

“We have deep crypto expertise. We have the most trusted brand in crypto,” Armstrong said, adding that Coinbase aims to bridge traditional finance and crypto while advancing tokenized equities.

The exchange currently offers stocks through Apex Fintech Solutions with plans to expand access to all customers in the coming weeks, though fully tokenized equities remain years away pending SEC coordination.

Austria’s Bitpanda also announced Wednesday it will launch a unified investing platform on January 29, bringing stocks, ETFs, crypto, and precious metals together under one app.

The expanded platform will offer more than 10,000 stocks and ETFs at a flat €1 trading fee with zero custody fees and no payment for order flow.

Infrastructure Moves Toward On-Chain Markets

Traditional market operators are also simultaneously advancing blockchain-based trading systems.

Earlier this week, the New York Stock Exchange unveiled plans to develop a platform for 24/7 trading and on-chain settlement of tokenized securities, combining its Pillar matching engine with blockchain-based post-trade systems across multiple blockchains.

“For more than two centuries, the NYSE has transformed the way markets operate,” said Lynn Martin, President of NYSE Group.

She said the exchange is now leading the industry toward fully on-chain solutions that combine trust, regulatory rigor, and modern technology.

Yesterday, January 22, Binance founder Changpeng “CZ” Zhao also told a World Economic Forum panel in Davos that he is negotiating with over a dozen governments to tokenize state-owned assets as the next major step in crypto adoption.

Binance’s @cz_binance confirms talks with governments to tokenize national assets on-chain, calling it the next phase after exchanges and stablecoins. #Crypto #Tokenizationhttps://t.co/1mv1mt5WwR

— Cryptonews.com (@cryptonews) January 22, 2026

Zhao positioned tokenization as the third stage following exchanges and stablecoins, explaining that governments want to directly capture financial upside from their own assets rather than outsourcing value creation to private intermediaries.

Regulatory Clarity Fuels Institutional Momentum

Last month, the Securities and Exchange Commission (SEC) issued a rare no-action letter to the Depository Trust and Clearing Corporation, allowing it to proceed with a controlled tokenization program covering U.S. Treasuries, ETFs, and Russell 1000 equities.

The service is scheduled to launch in late 2026 and will operate on approved blockchains with tokenized assets carrying the same legal rights as traditional securities.

Market data and institutional research suggest this regulatory momentum is already translating into measurable growth.

Earlier this month, venture capital firm Andreessen Horowitz identified stablecoins, real-world asset tokenization, and privacy infrastructure as key forces shaping crypto in 2026.

These assertions come as monthly transfer volumes for tokenized equities are down roughly 17% over 30 days to about $2.05 billion, according to rwa.xyz.

However, the number of Monthly Active Addresses is up nearly 98%, with over 98,167 addresses active in the past month alone.

David Duong, Coinbase’s head of investment research, also recently said regulatory clarity improvements and deepening institutional participation are creating favorable conditions ahead.

“We expect these forces to compound in 2026 as ETF approval timelines compress, stablecoins take a larger role in delivery-vs-payment structures, and tokenized collateral is recognized more broadly,” Duong wrote in a year-end outlook.

Meanwhile, Binance confirmed today that it submitted a Markets in Crypto-Assets license application in Greece as crypto firms across Europe rush to secure regulatory approval before June 2026 transitional deadlines expire.

The post Binance Plans to Reintroduce Stock Trading Four Years After Removal appeared first on Cryptonews.

Major cryptocurrency exchanges are reportedly positioning to bring tokenized stock trading onto the blockchain, signaling a renewed push to merge traditional financial markets with digital assets. 

According to a report published Friday by The Information, platforms such as Binance are exploring ways to offer crypto tokens that track publicly listed US companies, effectively creating new channels for equity exposure through tokenized instruments.

Binance And OKX Explore Tokenized Stocks

The report says Binance is considering reintroducing stock tokens to its platform, several years after pulling similar products in 2021 amid regulatory uncertainty. 

The plan, cited by a person familiar with the matter, reflects a broader shift within the industry as exchanges revisit tokenized equities under evolving market and compliance frameworks. 

OKX is also said to be evaluating the possibility of offering tokenized stocks, according to Haider Rafique, the company’s global managing partner and chief marketing officer.

Binance has framed the move as part of its long-term strategy to connect traditional finance with the crypto ecosystem. In a statement to CoinDesk, a Binance spokesperson said the exchange is focused on expanding user choice while maintaining strict regulatory standards. 

The company noted that it began supporting tokenized real-world assets (RWAs) last year and recently launched what it described as the first regulated traditional finance perpetual contracts settled in stablecoins. 

Exploring tokenized equities, the spokesperson said, is a natural progression as Binance continues to build infrastructure, collaborate with established financial institutions, and develop new products for users and the wider industry.

Binance and OKX are not alone in this effort. Several major crypto firms, including Robinhood (HOOD), Gemini (GEMI), and Kraken, have already rolled out tokenized stock offerings in Europe. Meanwhile, Robinhood and blockchain startup Dinari are seeking regulatory approval to introduce similar products in the United States.

Tokenized Shares Gain Increased Interest

Robinhood took a significant step in June of last year when it launched trading in tokens linked to publicly listed companies and announced plans to expand into tokenized shares of private firms. 

As part of the rollout, the company distributed tokens pegged to OpenAI. According to Robinhood’s terms and conditions, those tokens function as derivative contracts backed by the firm’s ownership of fund units in a special-purpose vehicle that holds OpenAI convertible notes. 

Coinbase (COIN), on the other hand, is reportedly in discussions with the US Securities and Exchange Commission (SEC) about launching tokenized securities that would grant investors the same legal rights and benefits as conventional shares. 

Several issuers involved in the space say they are closely adhering to established rules around securities law, anti-money laundering requirements, bankruptcy protections, and investor safeguards.

Industry leaders argue that, when structured properly, tokenization can strengthen rather than weaken investor protections. Ian De Bode, chief strategy officer at Ondo Finance, said that a careful approach to tokenized securities can enhance safeguards while unlocking efficiencies that traditional markets struggle to achieve.

Featured image from OpenArt, chart from TradingView.com 

Ethereum is currently trading under pressure after failing to push above the $3,000 level again over the past 24 hours, a move that is reflecting trader sentiment across the derivatives markets. ETH is currently trading at $2,925, down 2.7% on the day, after moving within a 24-hour range capped at $3,012.99 and finding lows around $2,909.60, according to price data from CoinGecko. 

As price action weakens, a notable change has been developing, with on-chain data showing funding rates drifting toward negative territory and derivative positioning beginning to tilt more defensively.

Funding Rates Slide As Shorts Gain Ground

Ethereum’s failure to hold above $3,000 is an important psychological break for traders, especially after several failed attempts to hold above that level in January. Price action over the past week shows sellers maintaining control after ETH rejected around $3,360 on January 18, followed by a steady push lower toward the high-$2,900s. 

Although the pullback has so far been orderly above $2,900, this decline has come alongside fading momentum across the derivatives market.

One of the clearest signals for this can be seen in Ethereum’s OI-weighted funding rate, which has been steadily compressing and is now edging toward negative levels. At the time of writing, Ethereum’s OI-weighted is at 0.0008%, close to breaking into negative territory and far below readings around 0.009%, which it registered earlier in the month.

Funding rates turning negative typically indicate that short positions are paying longs, meaning stronger demand for downside exposure. Funding spikes that previously accompanied the price rebound in early January have faded, and the overall trend suggests bearish positioning is slowly gaining the upper hand.

Open Interest, Liquidations, And What’s Next

Although Ethereum’s price action fell below $3,000, derivatives traders have stayed in the market, keeping total open interest at high levels. Data from CoinGlass shows aggregate Ethereum open interest increasing by 0.68% in the past 24 hours, which shows that many traders are not exiting Ethereum entirely. At the time of writing, the total open interest is sitting at about 13.36 million ETH, equivalent to roughly $39.19 billion.

Looking across major exchanges, Binance has the largest share of ETH open interest, accounting for about $8.95 billion, but it is down by 0.8% in the past 24 hours. CME follows with approximately $5.73 billion in open interest, up by 3.72% in the past 24 hours. Gate comes next at around $4.01 billion, while MEXC comes in close at $3.51 billion worth of ETH open interest.

Over the past 24 hours, Ethereum liquidations totaled $64.34 million, with long positions ($52.52 million) accounting for the majority of losses.

A hold above $2,900 could allow Ethereum’s funding rates to normalize and open the door for another rebound attempt to $3,000. However, a continued fall in funding rates into negative territory could see bearish control pushing Ethereum below $2,900.

Binance Coin price remained in a narrow range on Friday despite major progress on the listing of the first BNB ETF by Grayscale. Binance Coin (BNB) token was trading at $8877, a range it has remained at in the past…

• Binance launched a USD1 rewards campaign, distributing $40m in WLFI tokens through weekly airdrops.
• WLFI payouts are based on users’ net USD1 balances, with higher rewards for USD1 used as collateral.
• USD1’s market cap has surpassed $3 billion, while WLFI activity has increased across DeFi and payroll uses.

Binance has rolled out a new rewards campaign for users holding USD1, offering weekly WLFI token airdrops with a total of $40 million in WLFI earmarked for distribution.

The exchange said eligible accounts that maintain a USD1 balance between Jan. 23 and Feb. 20 will receive rewards throughout the programme.

The initiative ties WLFI payouts directly to net USD1 balances on Binance, using a snapshot-based system to calculate qualifying amounts.

Binance is positioning the campaign as an incentive for users who hold or deploy USD1 across supported products, while both USD1 and WLFI continue to see growing activity across the wider crypto ecosystem.

How Binance will distribute WLFI rewards

Binance said WLFI rewards will be paid once a week, starting Feb. 2.

Each weekly distribution will cover activity from the previous seven days.

The campaign is structured to release roughly $10 million worth of WLFI tokens per week, spread across four consecutive weeks, which brings the total allocation to $40 million in WLFI.

The exchange said the rewards are designed to reflect users’ qualifying USD1 balances over time, rather than a single moment in the campaign window.

Which USD1 balances count for eligibility

Eligibility is based on users’ net USD1 balances held on Binance, with multiple account types included in the calculation.

Binance confirmed that USD1 stored in Spot, Funding, Margin, and USDⓈ-M Futures accounts will all count toward the campaign’s rewards calculation.

However, borrowed funds are excluded. Binance said reward calculations are based on net USD1 balances, meaning any USD1 that has been borrowed does not qualify for WLFI rewards.

The exchange also said that USD1 used as collateral in margin or futures accounts earns a higher reward rate.

This introduces an added incentive for users who allocate USD1 into collateral-based trading products, rather than keeping it entirely idle in standard wallets.

Snapshot and rate system used for payouts

Binance said it will take hourly snapshots of user balances throughout the campaign period. However, the rewards calculation does not rely on an hourly average.

Instead, Binance will use the lowest USD1 balance recorded each day to determine a user’s qualifying amount for that day.

For each weekly payout, Binance will then calculate rewards using a seven-day average balance.

This ties distributions to consistency because a single daily dip in holdings could reduce the qualifying amount for that day and then affect the overall weekly average.

Binance also said payouts will use an effective annualised rate, which will be set at the time of each distribution.

As a result, the rate applied could vary between weekly drops depending on the conditions Binance sets when rewards are released.

USD1 growth and WLFI activity in early 2026

USD1, launched in April 2025, is described as a multichain stablecoin that is fully backed one-to-one by US dollars and money market funds.

Since its launch, it has recorded sharp growth. According to data from DeFiLlama, USD1’s market capitalisation now exceeds $3 billion.

The stablecoin is available across several blockchains, including Monad, Ethereum, Solana, and Aptos.

WLFI, the main token of the World Liberty Financial ecosystem, has also seen increased activity in early 2026.

It has recently been added to payroll services, decentralised finance lending platforms, and on-chain liquidity venues.

The token has drawn new interest and partnerships in recent weeks, though its connection to US President Donald Trump has also faced criticism, with some pointing to concerns around a potential conflict of interest.

Binance said users must complete identity verification and live in eligible jurisdictions to take part in the programme.

The exchange added that broker accounts are excluded and noted that reward timing may vary due to operational conditions.

The post Binance launches USD1 rewards programme with WLFI token airdrops appeared first on CoinJournal.

Binance, the world’s largest cryptocurrency exchange, confirmed it has submitted an application for a Markets in Crypto-Assets (MiCA) license in Greece as crypto firms across Europe speed up their efforts to secure regulatory approval before the transitional period expires.

The move adds Greece to the list of EU member states being considered by large digital asset platforms looking to preserve access to the bloc’s single market once MiCA’s licensing regime comes into force. Companies have until June 2026 to secure the license.

Engagement With Greek Authorities Begins

A Binance spokesperson confirmed to CryptoNews that the company has formally lodged its MiCA application and has begun discussions with the Hellenic Capital Market Commission (HCMC), the country’s financial regulator.

“We have submitted our MiCA application and are actively engaging with the Hellenic Capital Market Commission (HCMC),” the spokesperson said.

“We view MiCA as an important milestone for the crypto industry, bringing regulatory clarity, stronger consumer safeguards, and a clearer framework for responsible innovation.”

The spokesperson adds that Binance welcomes collaboration with Greek regulators as the EU-wide regime is implemented, noting the firm’s intention to support the long-term development of Europe’s digital finance ecosystem.

Unified EU Rules Drive Licensing Push

MiCA seeks to form a harmonized regulatory system for crypto-asset service providers operating in the European Union, replacing the fragmented national registration models.

Once authorized, member state firms can offer services across all 27 EU countries through passporting rights. With compliance timelines approaching, exchanges face mounting pressure to secure approval.

MiCA represents one of the most comprehensive regulatory frameworks for crypto-assets globally, intended to provide legal certainty, protect investors, and push innovation in the rapidly evolving digital finance space.

France Steps Up Oversight of Crypto Sector

Binance’s application in Greece comes as regulators in France intensify oversight of the crypto industry. In October, the French authorities launched anti-money laundering inspections covering dozens of crypto firms, including Binance and domestic exchange Coinhouse.

France conducts AML inspections on Binance and Coinhouse among 100+ entities for MiCA licenses with only 4 firms approved before June 2026 deadline.#France #Binance #Coinbasehttps://t.co/AhYNEuNmzi

— Cryptonews.com (@cryptonews) October 17, 2025

The inspections were being led by France’s prudential supervision authority, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), as it evaluates which of more than 100 registered entities will qualify for EU-wide authorization under MiCA.

As MiCA reshapes Europe’s crypto regulatory environment, the outcome of licensing applications over the coming months is expected to play a decisive role in determining which global platforms maintain access to one of the world’s most important digital asset markets.

The post Binance Seeks MiCA Approval in Greece Ahead of EU Regulatory Deadlines appeared first on Cryptonews.

Binance has unveiled a $40 million WLFI airdrop campaign to reward users holding USD1 on the exchange. Binance has launched a new rewards program for users holding USD1, with $40 million in WLFI tokens earmarked for distribution. The leading exchange…

Cryptocurrency exchange Binance has taken a significant step toward strengthening its regulatory standing in Europe by establishing a formal presence in Greece and applying for a Markets in Crypto-Assets (MiCA) license ahead of the July 1 deadline.

Binance’s Greek Subsidiary

Corporate filings show that Binance has set up a new wholly owned subsidiary in Greece under the name “Binary Greece.” The entity has been incorporated as a single-shareholder public limited company with an initial share capital of €25,000. 

Binary Greece has been structured as a holding company. According to its articles of association, its primary activities include acquiring and managing equity stakes in companies both within Greece and internationally. 

It is also authorized to provide advisory services related to capital structuring, investment strategy, and liquidity management. 

Leadership of the new entity has been assigned to Gillian Majella Lynch, a senior executive with experience in banking, fintech, and digital assets. Lynch joined Binance in mid-2025 as Head of Europe and the United Kingdom. 

Greece’s Regulatory Stability Key In License Bid

A Binance spokesperson confirmed to Fortune that the besides formally applying for a MiCA license in Athens, the cryptocurrency exchange is currently engaged in discussions with Greece’s Hellenic Capital Market Commission (HCMC). 

The spokesperson emphasized that Binance sees the MiCA framework as a positive development, offering regulatory clarity and a consistent set of rules that support innovation while ensuring compliance across the European Union.

Commenting on the choice of Greece, the exchange’s spokesperson noted that the country plays an important role in the European economy, highlighting that Greece’s economy is growing faster than the EU average and operates within a regulatory environment that Binance considers essential. 

Featured image from DALL-E, chart from TradingView.com 

Ethereum has slipped below the $3,000 level again as selling pressure returns across the broader crypto market, keeping bulls on the defensive after a brief recovery attempt. The move back under this psychological zone suggests that traders remain cautious, with downside volatility re-emerging as risk appetite fades and liquidity thins near key support levels.

However, while price action looks heavy in the short term, on-chain data is flashing a different signal beneath the surface. According to Arab Chain, Ethereum reserves held across centralized exchanges have dropped to around 16.2 million ETH, marking their lowest level since 2016. That milestone matters because it highlights a steady, long-duration trend of withdrawals rather than a sudden one-off event.

In practical terms, fewer coins sitting on exchanges typically means less immediate supply available for spot selling, especially during periods of market stress. This behavior can reflect a shift away from short-term trading and toward longer-term holding, self-custody, or deployment in DeFi.

Ethereum remains vulnerable as price struggles below $3,000. Still, the persistent reserve decline suggests that supply conditions may be tightening in the background, setting the stage for a sharper reaction if demand returns.

Binance Reserves Keep Falling

The CryptoQuant analysis also points to a similar reserve drawdown on Binance, reinforcing the broader exchange supply contraction narrative. Since the beginning of 2026, Binance’s Ethereum reserves have dropped from roughly 4.168 million ETH to around 4.0 million ETH, signaling steady withdrawals even as the price remains under pressure. This matters because Binance is often the main liquidity hub for ETH spot and derivatives, so shifts in its reserve balance can reflect real changes in market positioning.

What stands out is that this decline is happening without a meaningful rebound in inflows. In other words, ETH is not rotating back onto exchanges aggressively, suggesting sellers are not rushing to increase liquid supply at current levels. That dynamic typically aligns with a market where investors prefer holding behavior over active distribution. Either moving ETH to cold storage or deploying it across DeFi.

While reserves falling does not guarantee an immediate rally, it can change the supply-demand equation over time. With fewer coins sitting on exchanges, the market becomes more reactive if demand returns suddenly, as there is less readily available ETH to absorb buy pressure.

If Ethereum manages to reclaim key resistance levels, this supply tightening could amplify upside follow-through.

Ethereum Loses $3,000 as Bears Regain Control

Ethereum is showing renewed weakness after failing to hold above the key $3,000 level, with price now hovering near $2,970 on the daily chart. After briefly stabilizing earlier this month, ETH attempted a rebound toward the $3,300–$3,400 supply zone. But momentum faded quickly as sellers stepped back in and pushed the market lower.

From a technical perspective, Ethereum remains trapped below its major moving averages, reinforcing the bearish structure. The recent rejection near the descending trend of the 200-day average signals that upside attempts are still being capped by overhead resistance. Keeping bulls on the defensive. At the same time, the breakdown below $3,000 shifts market sentiment back into risk-off mode. Especially as crypto traders remain sensitive to broader macro uncertainty.

The current price action also reflects a fragile recovery attempt rather than a confirmed reversal. ETH’s latest drop places focus on the $2,850–$2,900 region as the next support area. An area where buyers previously stepped in during earlier selloffs. If this zone fails to hold, the market could revisit deeper levels from the previous correction phase.

For bulls to regain control, Ethereum must reclaim $3,000 quickly and build stronger demand above that threshold.

On Tuesday, Bitcoin took a hit with its price losing the $90,000 level once again due to a general market drawdown. Even with the price of BTC experiencing a pullback below the pivotal level, investors’ sentiment remained strong, as evidenced by a sharp drop in selling pressure across the market.

Selling BT Long-Term Bitcoin Investors Falls Drastically

The Bitcoin price movement has turned bearish as the crypto market becomes increasingly volatile, but investors are demonstrating an encouraging trend. A clear indication of the encouraging trend from BTC investors is their renewed willingness to hold onto their coins rather than sell them off.

According to the report from Frank, a crypto expert and BTC market quant, this declining selling pressure is observed among long-term holders. Currently, selling pressure from the cohort has fallen to remarkably low levels, which reflects a notable shift in market behavior and sentiment.

Typically considered as the network’s most conviction-driven players, these investors continue to refrain from selling their BTC, causing the Long-Term Holder Sell-side Risk Ratio to fall to its lowest level in the past year. When selling pressure from the group decreases, it often implies confidence in future price increases or the conviction that current levels do not yet warrant selling.

Frank highlighted that the last time the Long-Term Holder Sell-side Risk Ratio reached this low, it was the $49,000 bottom following the Yen carry trade unwind. A few months later, the price of BTC witnessed a rally to a new all-time high. Should BTC follow the same trend as last time, a major price surge might be on the horizon. As a result, the expert is highly confident in BTC’s short-term and medium-term prospects.

Investors On Crypto Exchanges Are Losing Interest In Selling

Selling pressure has also reduced on major centralized exchanges, especially on Binance. On the platform, large investors or whale transactions involving BTC movement into the exchange are steadily declining. In other words, significantly less Bitcoin is being sent to trading platforms by large holders compared to earlier.

Unlike retail investors, whales are typically seen as a more cautious kind of BTC holders and are less susceptible to changes in the market. Data shows that whale inflows have been divided by and are currently valued at around $2.74 billion. At the end of November 2025, these inflows to Binance surged, reaching an average monthly total of nearly $8 billion when BTC’s price drops back below the $90,000 mark.

Currently, daily movements are far less frequent compared to the cluster seen at the end of November. This shift in dynamics indicates that whales have changed their behavior and are no longer selling aggressively, leaning more toward a waiting strategy. In the meantime, the holding action appears to be encouraged by the current consolidation period, which greatly lessens the selling pressure from whales, whose impact on the market can be substantial.

Ripple’s US dollar-backed stablecoin RLUSD is set to debut spot trading on Binance, expanding the token’s reach on one of the world’s largest digital asset exchanges.

The launch will begin with support on Ethereum, with integration on the XRP Ledger expected to follow. Trading pairs available on day one will include XRP/RLUSD and RLUSD/USDT.

The listing marks a notable step in RLUSD’s rollout and reflects Ripple’s push to position the stablecoin as a payments-focused asset with institutional-grade infrastructure.

RLUSD Expands Utility With Multi-Chain Support and Binance Trading Tools

In addition to spot trading, Binance plans to extend RLUSD’s utility through portfolio margin eligibility and future inclusion in Binance Earn, opening the door to broader use across trading and yield products.

By launching across multiple chains, RLUSD aims to serve users operating within different ecosystems.

Ethereum support offers access to smart contract functionality and decentralized finance integrations, while upcoming availability on XRPL is expected to appeal to users seeking faster settlement and lower transaction costs.

For Ripple, the dual-chain strategy is central to its goal of enabling real-world payments, on-chain liquidity and cross-network interoperability.

The timing comes as demand grows for stablecoins designed specifically for payments rather than trading alone.

RLUSD is backed one-to-one by US dollar deposits, short-term US Treasuries and other cash equivalents, with monthly attestations intended to provide transparency and regulatory clarity.

Ripple USD Binance$RLUSD is officially listed on @binance supported on Ethereum, with XRPL coming soonhttps://t.co/z8bGUGZpZZ

— Ripple (@Ripple) January 21, 2026

Ripple has positioned the token as a compliant alternative for institutions navigating tighter oversight of dollar-pegged assets.

Binance’s global footprint is expected to significantly raise RLUSD’s profile, particularly in emerging markets where stablecoins are increasingly used for remittances and dollar access.

Deeper exchange liquidity could also accelerate adoption among developers building payment rails and institutions exploring tokenized cash management and settlement.

RLUSD’s market capitalization has recently climbed past $1.3 billion, underscoring its rapid growth since launch.

The stablecoin is issued under a New York Department of Financial Services limited-purpose trust charter, and Ripple has also received conditional approval for a US Office of the Comptroller of the Currency charter.

Ripple’s RLUSD Wins Regulatory Green Light in Abu Dhabi

As reported, Ripple’s dollar-backed stablecoin RLUSD was cleared for institutional use in Abu Dhabi after receiving recognition as an Accepted Fiat-Referenced Token from the local regulator.

The approval allows licensed firms within Abu Dhabi Global Market (ADGM) to use RLUSD for regulated financial activities inside the free-zone financial center.

The decision strengthens Ripple’s expansion across the UAE. In recent months, the company secured approvals in Dubai and Abu Dhabi and onboarded partners including Zand Bank and Mamo.

As reported, Ripple is also weighing whether to bring staking to the XRP Ledger (XRPL), a move that would push the decade-old blockchain deeper into the rapidly expanding world of decentralized finance.

The post Ripple’s RLUSD Stablecoin to Launch Spot Trading on Binance appeared first on Cryptonews.

After a tumultuous conclusion to 2025, characterized by heightened volatility and the impactful October 10 crypto crash, Hyperliquid (HYPE), one of the market’s largest decentralized exchanges (DEXs), faced significant challenges as it entered 2026. 

With less than two weeks remaining in January, market research firm GLC released an interesting report assessing Hyperliquid’s current standing and evaluating its recovery metrics.

Post-October 10 Downturn

The report highlights that Hyperliquid’s trading volume and open interest suffered a considerable decline following the liquidation event on October 10, marking the onset of a downtrend for the platform. 

Since that date, trading volume has decreased by 44.3%, dropping from $10.17 billion to $5.66 billion. Open interest has also experienced a decline of 35.7%, falling from $14.75 billion to $9.48 billion. 

However, there are signs of recovery. Notably, since December 1, 2025, trading volume on the platform has seen a slight decrease of 3.2%, while open interest has surged by 45.6%.

Year-to-date metrics reveal a more optimistic picture: trading volume has increased by 59.2%, rising from $3.56 billion to $5.66 billion, and open interest has grown by 24.7%, going from $7.60 billion to $9.48 billion. 

While open interest has started to recover since the October event, trading volume has not rebounded at the same rate. This disparity has caused the volume-to-open interest (OI) ratio to decline from 0.90 on December 1 to 0.60 as of mid-January, likely due to decreased market volatility, which has dampened trading activity.

Despite these challenges, there is a positive trend indicating that traders are beginning to open larger positions on Hyperliquid, and the recovery in volume on a year-to-date basis is promising. 

The report suggests that open interest is a more reliable indicator of trader confidence and long-term positioning, while trading volume tends to be influenced by broader market conditions. Although current metrics remain below pre-October 10 levels, the trend indicates that recovery is underway.

Will 2026 Mark A Surprising Resurgence For Hyperliquid?

The recent volume and open interest data are said to be bullish, with the 7-day average volume increasing by over 130% year-to-date, primarily driven by one active deployer, XYZ, which accounts for roughly 80% of that volume. The 7-day average open interest has also risen by more than 60%.

Moreover, Hyperliquid is regaining market share from centralized exchanges (CEXs) as seen in the chart below, with its open interest currently representing about 14.6% of Binance’s, gaining momentum against platforms like Bybit and OKX.

Another key factor that could further contribute to the platform’s recovery this year is the rollout of portfolio margin. Currently live on testnet, this feature will enable traders to borrow and lend against their collateral, unlocking numerous new use cases. 

Historical evidence from other exchanges, such as Bybit, suggests that introducing portfolio margin can be a significant growth catalyst, potentially translating to a substantial increase in trading volume for Hyperliquid.

Overall, core metrics are gradually improving, and several catalysts lie ahead, such as the growing adoption of equity perpetuals and the introduction of portfolio margin. GLC’s report asserts: 

…If improving market conditions are combined with the catalysts outlined above, and potentially another S3 season bringing in new traders, Hyperliquid will surprise the market once again.

At the time of writing, the platform’s HYPE token is trading at around $21.84. This represents a significant 9% retracement within the last 24 hours alone, placing the altcoin 63% below its all-time high of $59.30.

Featured image from OpenArt, chart from TradingView.com 

A recent report from CNBC reveals that Binance’s co-CEO, Richard Teng, is contemplating a return to the US market after exiting in 2023 as part of a regulatory agreement that also resulted in the departure of the exchange’s former CEO, Changpeng Zhao (CZ). 

Ripple CEO Predicts Positive Impact From Binance’s Return

During an interview at the World Economic Forum in Davos on Tuesday, Teng emphasized that Binance is taking a “wait-and-see” stance regarding its reentry into the US, a market he considers “very important.”

In tandem with Teng’s comments, Brad Garlinghouse, Ripple’s CEO, shared his optimistic outlook for the world’s leading exchange comeback in a separate interview with CNBC. 

Garlinghouse remarked that the US market is significant and suggested that Binance had previously been a major player within it. “I think they’ll come back because they’re a capitalistic, innovative company that wants to solve larger market challenges and continue to grow,” he stated.

Not only that, but Garlinghouse also believes that Binance’s entry into the country’s cryptocurrency market could increase competition and ultimately attract more users. He noted: 

I think it will actually have the positive impact of bringing more people into the market, in part because it’ll reduce pricing. Today their pricing is lower on a global basis than what we see here in the U.S.

Teng, Garlinghouse Call For Support Of Key Crypto Bills

The discussion of Binance’s future in the US comes amidst a turbulent regulatory environment for cryptocurrencies. The recent cancellation of the crucial markup for the crypto market structure bill, known as the CLARITY Act, reflects ongoing challenges. 

Teng, a former regulator himself, weighed in on the state of US crypto regulations, asserting that “any regulation will be better than no regulation.” He explained that having regulatory clarity allows companies to navigate the framework effectively. 

“Once you have clarity, you can then start working around those rules,” Teng added, acknowledging that initial regulations may not be perfect but can be refined over time.

This backdrop of regulatory uncertainty is further complicated by recent developments in the industry. The CEO of Coinbase, Brian Armstrong, stepped back from supporting the crypto market structure bill just 24 hours before its markup, leading to its eventual suspension. 

Garlinghouse, who continues to support the bill in its latest form, was surprised by Armstrong’s “vehemence” against the CLARITY Act. He noted that “the rest of the industry, including exchanges that compete with Coinbase, were still supporting it.”

Looking ahead, Garlinghouse is hopeful that industry leaders will find a way to overcome the current impasse. “If we want the industry to continue to grow, we need things like the Genius Act and the Clarity Act,” he affirmed.

At the time of writing, Binance’s native token, Binance Coin (BNB), had dropped to $893.65, marking a 3.7% decline over the previous 24 hours. Ripple’s associated XRP token retraced towards $1.90, suffering even greater losses of 5.5% in the same time frame. 

Featured image from OpenArt, chart from TradingView.com 

The BNB price has dropped to $913 today, with this slight dip coming as the crypto market overall declines by 2% in the past 24 hours.

BNB remains slightly up (0.5%) in the past week and by 6.5% in the last 30 days, while the exchange token also boasts a 31% return over the past year.

These are encouraging percentages, and what’s especially bullish today is that Binance is about to host a live streaming event on X, where it will provide updates on ongoing projects.

Can't wait for tomorrow

— U (@UTechStables) January 19, 2026

And with there also being a possibility of new announcements, Binance’s status as the world’s biggest exchange means that the BNB price prediction is looking incredibly bullish right now.

BNB Price Prediction: BNB Announces Live Event on Elon Musk’s Platform – Is a Major Move Coming?

Scheduled to broadcast at 12pm (UTC) today, Binance is hosting a stream on X that will also feature United Stables, PancakeSwap, Lista DAO and Venus Protocol.

The main topic will be how United Stables is developing a single, unified layer for stablecoins, something which is highly bullish for Binance insofar as United Stables’s platform primarily runs on BNB Chain.

In other words, if United Stables does succeed in building a single layer for all extant stablecoins, then BNB Chain could experience a substantial increase in traffic and adoption.

This possibility isn’t reflected in the BNB price chart today, however, with the token’s indicators suggesting that may have already passed a short-term peak.

Indeed, if we look at its relative strength index (yellow), we see that it’s about to fall below 50, having peaked at around 70 a few days ago.

BNB’s MACD (orange, blue) has also flattened out after recent highs, and it could be about to spend the next few days or weeks declining.

We may therefore see the BNB price drop in the near term, but in the longer term, Binance’s position should help it push towards $1,100 by Q2, and then $1,500 by the end of Q3.

AI-Powered Content Platform SUBBD Raises $1.4 Million: Could It 100x?

Traders may also want to diversify into newer coins, since these can outpace the market average when they first gain listings.

One token that’s about to list very soon is SUBBD ($SUBBD), an Ethereum-based cryptocurrency that’s launching an AI-powered content creation platform.

SUBBD has raised over $1.4 million in its presale, a sign that investors are gaining a strong interest in the project.

Its content creation platform, which will be for adults, will offer content creators a variety of tools to make producing (and earning from) content easier.

Its AI features will help users generate everything from ideas for posts to the posts themselves, including images, videos and the AI performers starring in them.

And because users will need SUBBD to pay for subscriptions and content, SUBBD could attract lots of demand and adoption.

Investors can buy it at the SUBBD website, where it currently costs $0.0574775.

Visit the Official SUBBD Website Here

The post BNB Price Prediction: BNB Announces Live Event on Elon Musk’s Platform – Is a Major Move About to Be Revealed? appeared first on Cryptonews.

Crypto pundit Wimar has claimed that crypto exchanges are manipulating the Bitcoin price, causing it to crash from its 2026 high. This comes amid recent developments with the Trump tariffs, which have caused the flagship crypto to also decline. 

Crypto Pundit Accuses Crypto Exchanges Of Manipulating Bitcoin Price

In an X post, Wimar asserted that crypto exchanges are manipulating the Bitcoin price. He noted how BTC just dumped from $95,500 to $91,900 with no news. The pundit claimed it is the same script, over and over again, as the flagship crypto rose from $89,000 to $95,000 and has now fallen to $91,000, just as it did when it rose from $85,000 to $88,000 and then fell to $84,000. 

Wimar claimed that this is a liquidity hunt, alluding to the flows to prove that the Bitcoin price is manipulated. He noted that within minutes, Wintermute, Binance, Coinbase, and ETF-linked wallets were all active simultaneously. Large blocks were said to have moved from exchange to exchange, with huge market buys hitting thin books, and then, just as fast, these tokens were dumped.  

The crypto pundit also highlighted Arkham data, noting that the flows tell the real story. Wimar claimed that coins move into exchanges right after the pump, which he stated is not a coincidence. The pundit further remarked that these crypto exchanges wait for a setup where liquidity is low, leverage is high, and funding is stretched. 

Wimar asserted that these crypto exchanges run the same play every time, where they first pump the Bitcoin price fast on thin books to trigger FOMO and then liquidate shorts. Retail investors then see green candles and open long positions because the price action appears to be a breakout, but they fall into the trap, according to the pundit. 

Wimar stated that once enough people are stuck in leverage, the coins hit crypto exchanges and selling starts, leading to a Bitcoin price crash. The pundit accused these exchanges of dumping into the demand they just created, forcing fresh longs to get liquidated and farming both long and short traders with no news. 

BTC’s Current Price Action Isn’t Based On Headlines

Wimar doubled down on his accusation of crypto exchanges being responsible for the Bitcoin price crash, stating that BTC doesn’t move like this because of headlines. He claimed that it moves like because leverage piles up, and someone decides it is “payday.” As such, the pundit suggested that the Trump tariffs fears aren’t what is sparking this recent market crash.

Trump had announced fresh tariffs on France, the U.K., the Netherlands, Denmark, Germany, Sweden, Finland, and Norway over the weekend. The Bitcoin price had remained unchanged following the announcement, but began to crash following reports that the European Union (EU) was considering retaliatory tariffs. 

At the time of writing, the Bitcoin price is trading at around $90,900, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com