Ether emerges as a beacon of resilience in the turbulent crypto sea, climbing above the $2,700 mark early Thursday. This modest gain sets Ether apart as major cryptocurrencies wobble amidst a whirlwind of macroeconomic and corporate developments. While the broader market remains tethered to a narrow range, Ether-based spot ETFs have seen net inflows, underscoring a sustained institutional interest in the asset even as Bitcoin flows exhibit signs of fatigue.
XRP’s Quiet Day Amid Treasury Plans
XRP’s price remained largely unchanged, despite Nasdaq-listed VivoPower’s announcement of a substantial $121 million allocation toward constructing an XRP-based treasury reserve. This mirrors a strategy famously adopted by Michael Saylor’s MicroStrategy and Estonian company Metaplanet. Yet, the market response was muted, hinting at a wait-and-see attitude among investors. For more on Metaplanet’s strategic moves, see our article on their U.S. Treasury arm registration.
“While US stocks rose after a federal court blocked Trump’s tariffs, Bitcoin slumped after the Fed decided to hold interest rates,” noted Nick Ruck, director at LVRG Research, in a candid Telegram message to CoinDesk. “These signals could indicate investors remain positive in the long term but are taking risk off from Bitcoin in the short term,” Ruck added.
Bitcoin’s stumble below the $108,000 level and a 2.5% dip in overall market capitalization highlight the prevailing cautious sentiment. Other major tokens like Cardano’s ADA, BNB Chain’s BNB, Dogecoin’s DOGE, and Solana’s SOL exhibited minimal movement over the past 24 hours, reflecting the broader market’s uncertain stance.
Toncoin’s Rollercoaster and the Elusive Goldilocks Zone
Outside the top ten, Toncoin experienced a wild ride, tumbling in early Asian hours after a meteoric 20% surge the previous day, fueled by reports of a partnership with Elon Musk’s xAI to integrate the Grok AI service into its app. Musk, however, clarified on X that “no deal has been signed,” while Toncoin’s Pavel Durov insisted the agreement was in principle but pending formalities.
Traders are now eyeing what some describe as a “Goldilocks zone”—a market state where data remains stable, major risks have been absorbed, and new catalysts are on the horizon. “Volatility across most asset classes has collapsed,” QCP Capital remarked in a recent note, referencing the retreating yields on U.S. and Japanese long-dated bonds.
“We now find ourselves in a Goldilocks zone: recent data prints remain largely unaffected by the tariff policy introduced last month,” the note elaborated. “It will take time for companies and consumers to adjust pricing and spending patterns. Only in Q3 are we likely to see these dynamics reflected in the numbers.” Yields on 10- and 30-year Treasuries dipped below 4.5% and 5%, respectively, while Japan’s 30-year JGB yield fell under 3%, hinting at eased fiscal anxieties despite historic debt levels.
Looking Ahead: Stability or Uncertainty?
As May 2025 draws to a close, the cryptocurrency market is at a crossroads. Ether’s upward trajectory and XRP’s steady stance amid treasury developments provide a semblance of stability, yet Bitcoin’s recent slide and the overall market’s jitteriness raise questions about the path ahead. The elusive Goldilocks zone may offer a temporary respite, but with Q3 looming—and new data and policy shifts likely to emerge—the market’s next moves remain shrouded in uncertainty.
Investors and analysts alike will be watching closely, dissecting each development and adjusting strategies accordingly. The coming months promise a complex dance of market forces, where every move could tip the scales in unexpected ways. Whether stability holds or volatility surges anew, one thing is certain: the crypto world will be anything but dull. For additional insights, explore our coverage on Metaplanet’s plans to raise $250M for Bitcoin strategy.
Source
This article is based on: Ether Only Crypto Major in Green, XRP Muted After Mammoth Treasury Plans
Further Reading
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- Litecoin Surges 7% as SEC Likely to Approve Spot ETF with 90% Odds: Analyst
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
