SoFi Adds XRP Deposits: Ripple Says Broader Access Brings More Participation and Utility
Bitcoin.com News·60-word summary·1 min read
XRP deposits are now available on SoFi, expanding regulated crypto access for U.S. retail users. Ripple highlighted the move as increasing participation and utility, integrating XRP within a national bank platform. This development signals growing mainstream adoption of digital assets in traditional financial services, with XRP gaining regulated access and broader market presence.
Bitcoin has recently rebounded into the mid-$70,000 range after bouncing from the mid-$60,000 zone. However, technical analysis indicates uncertainty, with overlapping patterns and a tightening triangle suggesting indecision. The current price action lacks the clarity of a strong bullish trend, raising questions about the sustainability of this rebound and the potential for a breakout.
Despite a 23% drop in Bitcoin and a 29% decline in Ethereum in early 2026, prediction markets are seen as a growth driver for Coinbase and Robinhood. Cantor Fitzgerald analyst Ramsey El-Assal notes investors are now prioritizing long-term innovation over short-term earnings. Trading volumes have decreased, with Coinbase’s monthly volume dropping from around $66 billion, but prediction markets offer new opportunities for future growth.
Core Scientific plans to raise $3.3 billion through a junk bond sale to fund its shift from bitcoin mining to AI data center expansion. The move, announced in April 2026, reflects the rising demand for AI infrastructure and the need for significant capital to enhance computing capacity, power supply, and chip deployment amid strained global data center resources.
Shiba Inu (SHIB) approaches a key 1,660% rally zone, with analysts predicting a potential rise to $0.00008789 if support holds. The meme coin is trading in an accumulation zone that previously triggered massive surges in 2021 and 2024. Current price is around $0.000006, with bullish momentum possible if buying pressure continues.
Bitcoin exchange reserves have fallen to their lowest level since 2017, signaling increased institutional interest. This decline may lead to heightened price volatility and impact market dynamics. The trend suggests growing confidence from institutional investors, potentially influencing Bitcoin's price movements in the near term. The data highlights a shift in market sentiment since 2017.
Strategy made a $2.54 billion purchase of 34,164 BTC, the third-largest single buy in company history, sparking renewed bullish predictions. On April 21, Bitcoin reclaimed $76,000 amid Iran ceasefire talks and a global equities rally. This significant buy has prompted analysts to reconsider Bitcoin’s next move, with market sentiment increasingly optimistic.