Bitcoin (BTC) is holding steady around $110,800 on Thursday, after recovering modestly earlier this week. Market participants remain cautious ahead of crucial US macroeconomic data due Friday, which could shape the Federal Reserve’s monetary policy outlook and weigh on risk sentiment across crypto markets.
Meanwhile, demand for spot Bitcoin Exchange Traded Funds (ETFs) continues to strengthen, with over $300 million in net inflows recorded on Wednesday. This marks the second consecutive day of robust inflows, extending the positive streak for ETF-backed Bitcoin exposure.
BTC began the week on a firmer note, consolidating near $110,500 by Thursday after breaking a three-week downtrend from its record high of $124,474.
OKB price forecast: rising open interest fuels breakout potential
OKB (OKB) has pared some of its daily gains and is trading below $180 at press time on Thursday. However, the rebound from the $165 support level has set the stage for a potential range breakout on the daily chart, with traders closely monitoring momentum indicators.
Data from CoinGlass reveals that OKB Open Interest (OI) has surged 40% over the past 24 hours, reaching $29.10 million. This significant increase in OI suggests growing trader confidence and renewed capital inflows, as risk-on sentiment lifts optimism around OKB’s near-term trajectory.
Ripple expands rlusd stablecoin into africa with new partnerships
Ripple (XRP) is accelerating its global expansion by introducing the RLUSD stablecoin to African markets through a set of institutional partnerships. The move underscores Ripple’s strategy to extend financial access across emerging markets, while also positioning RLUSD as a tool for humanitarian projects in Kenya.
On-chain data indicates RLUSD’s market capitalization has surpassed $700 million, reflecting steady growth. Ripple confirmed Thursday that RLUSD—its enterprise-grade, USD-backed stablecoin—will be offered to institutions in Africa through collaborations with Chipper Cash, VALR, and Yellow Card.
