The post Morning Crypto Report: XRP Loses 89% in Fee Revenue, Satoshi Nakamoto Appears at New York Stock Exchange, Bitcoin Rockets 3,065% in Liquidation ImbalanceThe post Morning Crypto Report: XRP Loses 89% in Fee Revenue, Satoshi Nakamoto Appears at New York Stock Exchange, Bitcoin Rockets 3,065% in Liquidation Imbalance

Morning Crypto Report: XRP Loses 89% in Fee Revenue, Satoshi Nakamoto Appears at New York Stock Exchange, Bitcoin Rockets 3,065% in Liquidation Imbalance

Markets are still digesting the rate cut, and instead of a clean trend, we get a session where each story instantly feeds into positioning. Nothing breaks, nothing rallies, but traders treat every datapoint as a signal because liquidity is thin and direction is unclear.

TL;DR 

  • XRP fee revenue falls 89% to the weakest level in five years.
  • NYSE unveils a Satoshi Nakamoto statue during XXI’s trading debut.
  • Bitcoin posts a 4,100% liquidation imbalance, with long traders taking the hit.

XRP eyes brutal 89% drop in fees

According to Glassnode’s data, XRPL fee activity has experienced its biggest drop since 2020. The 90-day average has dropped from around 5,900 XRP per day in February to only 650 XRP as of today. This nearly straight-line unwind leaves the network at its quietest point since December 2020.

You Might Also Like

The timeline matches the chart in some way. XRP attempted to maintain the $3 threshold in August and September but failed to generate demand in October. It has since fallen into the $2.00-$2.05 range, exhibiting price action that appears sluggish rather than pressured. TradingView’s two-day candles show no real bid aggression — only mild attempts to stabilize.

Source: Glassnode

The question for the market is simple: Is this a temporary drop in interaction, or a sign that XRPL activity has peaked? With a decline this deep, sentiment will not recover until fees stop falling.

Bitcoin creator Satoshi stuns major U.S. exchange

The NYSE installed a statue of Satoshi Nakamoto — something the market did not expect to see in the most traditional trading venue in the United States. The piece was created by Italian artist Valentina Picozzi, and Twenty One Capital arranged the installation as part of its first week on the exchange.

The timing is notable because XXI’s debut was rocky. Shares opened at $10.74, slid to $11.42 by the end of the session, and finished the day almost 20% below the SPAC’s previous close of $14.27. That is not the start the company wanted.

XXI controls around 42,000 BTC worth around $3.9 billion. This places it among the top three public Bitcoin holders. However, the firm did not present a roadmap, and CEO Jack Mallers is pushing the idea that XXI is not trying to copy Strategy. 

Mallers said the company wants to build brokerage, trading, lending and other services around its Bitcoin stack, but he did not provide any product details.

At the same time, another corporate player, Strive Asset Management, announced a $500 million equity raise to accumulate more Bitcoin. Strive already manages 7,525 BTC, worth about $699 million, and ranks 14th among corporate holders.

Glassnode estimates that, since 2023, corporate and private Bitcoin reserves have risen 448%, from 197,000 BTC to 1.08 million BTC. Today’s headlines reflect this growth, even as XXI’s first trading session was less successful than expected.

Bitcoin prints 3,065% liquidation imbalance

The derivatives map by CoinGlass showed one of those outsized liquidation spreads of late, where the imbalance tells the whole story. In the 12-hour time frame, Bitcoin displayed $81.99 million in liquidations, with $79.40 million originating from long positions and only $2.59 million from short positions. This 3,065% ratio is a clear sign that long traders stepped in too early after the Fed announcement.

Bitcoin slipped from the $92,000 area into the low $90,000s, briefly encountering the same resistance that limited upside earlier in the week. Although nothing on the chart signals a breakdown, the leverage wipeout indicates that long positioning became overcrowded.

While it does not set the long-term trend, it forces every intraday trader to rethink risk and avoid assuming a rebound simply because the Fed cut rates.

Crypto market outlook

The market enters Thursday with caution and fear. Bitcoin trades around $89,500-$90,500 with no real conviction. XRP holds near $2 with a fee backdrop that does not inspire buyers either.

Bitcoin (BTC): Trading at $92,000 as the first upside trigger, $94,500-$95,000 as the extension zone, $88,000 as the immediate support level and $80,600 as the deeper level.

XRP: Got $2.12-$2.18 as the first resistance band, $2.28-$2.34 as the extension pocket, $1.98-$2.00 as the initial support, $1.92 as the break level and $1.82-$1.85 as the deeper support area.

You Might Also Like

Source: https://u.today/morning-crypto-report-xrp-loses-89-in-fee-revenue-satoshi-nakamoto-appears-at-new-york-stock

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.4311
$1.4311$1.4311
+0.15%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A Look At Africa’s Six Teams Headed To The 2025 FIFA Arab Cup

A Look At Africa’s Six Teams Headed To The 2025 FIFA Arab Cup

The post A Look At Africa’s Six Teams Headed To The 2025 FIFA Arab Cup appeared on BitcoinEthereumNews.com. AL KHOR, QATAR – DECEMBER 18: Players of Algeria celebrate with the FIFA Arab Cup trophy following victory during the FIFA Arab Cup Qatar 2021 Final match between Tunisia and Algeria at Al Bayt Stadium on December 18, 2021 in Al Khor, Qatar. (Photo by Maddie Meyer – FIFA/FIFA via Getty Images) FIFA via Getty Images When the 2025 Arab Cup kicks off in Qatar from December 1 to 18, six African national teams, the Algeria national football team, Morocco national football team, Tunisia national football team, Egypt national football team, Sudan national football team, and Comoros national football team, will compete for regional honours under a revamped tournament format. With 16 teams participating and increased prestige under FIFA, this edition offers more than just regional rivalry: it provides global exposure, ranking implications, and significant commercial stakes. What Has Changed Since 2021 The 2025 Arab Cup arrives under significantly upgraded conditions. With FIFA now firmly in charge, this edition features a record-breaking total prize pool of $36.5 million, up from approximately $25.5 million in 2021. Additionally, the tournament now carries full competitive value, as matches will count toward the FIFA World Ranking, even though they fall outside the official international window. Participating teams will earn the same ranking-point credits as in recognised friendly matches. Regulatory changes have also been introduced to enhance competitiveness. Starting in 2025, the first tiebreak criterion in the group stage will be head-to-head goal difference, rather than overall group goal difference, a method never before used in a FIFA-supervised senior competition. If teams remain equal, the latest FIFA rankings (instead of a random draw) will decide who advances. For African teams, these changes mean the Arab Cup is no longer a friendly curtain-raiser; it’s a stage with tangible stakes: potential revenue, real ranking impact, and visibility…
Share
BitcoinEthereumNews2025/12/01 01:07
MATIC Price Prediction: Polygon Targets $0.45-$0.52 Recovery Within 4-6 Weeks Despite Current Bearish Momentum

MATIC Price Prediction: Polygon Targets $0.45-$0.52 Recovery Within 4-6 Weeks Despite Current Bearish Momentum

MATIC price prediction shows potential 18-39% upside to $0.45-$0.52 range if bulls break $0.58 resistance, though current technical indicators signal neutral to
Share
BlockChain News2026/02/21 12:43
‘Not A Stock:’ El Salvador Defends Bitcoin Purchases Amid Market Slump

‘Not A Stock:’ El Salvador Defends Bitcoin Purchases Amid Market Slump

The post ‘Not A Stock:’ El Salvador Defends Bitcoin Purchases Amid Market Slump appeared on BitcoinEthereumNews.com. The government of El Salvador defended its
Share
BitcoinEthereumNews2026/02/21 12:38