21Shares has secured automatic approval from the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund through its Form 8-A filing. The fund will list on Cboe BZX Exchange under the ticker TOXR, with trading expected to begin next week pending final certification.

US-based Bitcoin investors drove recent selling pressure, with the Coinbase Premium Gap falling to -$90, data show. The negative premium indicates stronger selling on Coinbase versus Binance. American trading sessions recorded deep negative returns while European and Asia-Pacific sessions remained neutral over the past month.

Bitcoin is approaching a critical support level at $82,045 as large-holder activity contracts sharply. Whale transactions exceeding $1 million have dropped from over 2,400 daily in October to approximately 300 currently, according to blockchain data. More than 825,000 BTC were accumulated near the $82,045 threshold, forming the strongest remaining support band. The global cryptocurrency market capitalization has fallen below $3 trillion, with the Fear & Greed Index at 15 indicating extreme fear.

Bitcoin dropped below $85,000 on April 10, 2025, its lowest level since March, extending a 45-day losing streak. The S&P 500 erased more than $2 trillion in market capitalization in a single session. Daily cryptocurrency liquidations reached approximately $1 billion, exchange data show.

Bitcoin dropped 7% to approximately $85,000 as Asian trading sessions opened with widespread losses. Regional equities extended a global selloff after US employment figures left Federal Reserve rate cut prospects unclear, prompting investors to reduce risk asset exposure.

Bitcoin is nearing a critical demand zone between $74,500 and $83,800, which previously fueled April's rally and aligns with key Fibonacci retracement levels. The breach of BTC's long-term ascending trendline has shifted momentum lower, with technical indicators reflecting stretched conditions. Market participants are monitoring for reversal signals within this support range, which coincides with the completion of a broader ABCD pattern targeting an $86,000 pivot point.

Peter Brandt forecasts Bitcoin will not reach $200,000 until late 2029, extending the timeline beyond industry predictions. An early Bitcoin holder linked to Owen Gunden has transferred 11,000 BTC valued at approximately $1.3 billion to exchanges since late October, according to Arkham Intelligence. The movements potentially mark a complete exit from holdings accumulated since 2011.

Bitcoin's weekly Relative Strength Index declined to 35.73 on Thursday, its lowest level since December 2022. The Crypto Fear and Greed Index temporarily fell to 10, below readings seen during the FTX collapse. BTC dropped to $85,000 amid a broader equity market selloff.