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Bitcoin has pushed back above $70,000 and is now testing resistance near $75,000, riding a wave of risk appetite that has sent equities sharply higher across global markets. The move looks straightforward on the surface — risk is on, assets are rallying, and Bitcoin is participating.

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Funding rates at 2023 lows signal the market is heavily short against bitcoin, ZeroStack's Daniel Reis-Faria says, setting up conditions for a forced unwind if prices push higher.

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XRP ETF activity is intensifying, and the numbers suggest institutional capital is beginning to engage more aggressively with the asset. A recent surge in trading volume across several XRP-linked exchange-traded funds has been highlighted by BankXRP, showing that activity across multiple issuers has expanded rapidly.

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XRP is trading well below its January highs. The broader crypto market has been volatile, geopolitical uncertainty has kept risk appetite suppressed, and the regulatory clarity that everyone has been waiting for keeps getting pushed back by a few more weeks. None of that has moved Brad Garlinghouse.