Latest news with #SeamusRocca
Yahoo
12-07-2025
- Business
- Yahoo
Crypto Traders Eye $130K Bitcoin as Majors Price-Action Shows Market Structure Shift
Bitcoin's rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana's SOL, XRP, and dogecoin (DOGE) all posting high single-digit percentage gains. However, this time, price action isn't just about momentum, as traders claim that market structure is evolving under the weight of institutional influence. 'This isn't a frenzied boom with no foundation,' said Seamus Rocca, CEO of Xapo Bank. 'It's a measured ascent, backed up by large institutional players with the long-term in mind.' Rocca pointed to tight monetary policy and geopolitical volatility as reinforcing Bitcoin's emerging role as a macro hedge, adding that 'the momentum we've seen over the last 48 hours is clear. Bitcoin isn't just growing in value, but also as a genuine asset class that is rivalling traditional finance.' Ethereum, up over 17% on the week and briefly crossed $3,000, remains a primary beneficiary. "In Q2, corporate treasury purchases of BTC outpaced inflows into spot ETFs," said the analytics team at Bitcoin yield protocol TeraHash in a note to CoinDesk. "That points to strategic positioning. At the same time, custodians like Anchorage and Fidelity are scaling institutional pipelines, while OTC desks are tightening spreads." Solana, now trading around $163, gained over 11% on the week amid renewed demand across retail and memecoin ecosystems. The chain continues to act as a high-beta proxy for risk-on sentiment. XRP, meanwhile, jumped 25%, benefiting from both a technical breakout and rising speculation around regulatory resolution. 'Price action may grab the spotlight,' TeraHash added, 'but the real breakthrough this summer is structural.' The altcoin move is broad-based. Dogecoin has rallied 23% over the past week, driven by increased retail participation through platforms like Robinhood and Binance. XRP volumes have spiked on Korean exchanges, while Cardano, TRX, and AVAX are all trading firmly in the green. Meanwhile, Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad said that 'strong bitcoin rallies are often followed by significant movements in altcoins with a slight delay — and a potential comeback of meme coins can't be ruled out either.' But not everyone sees a straight line up. 'Despite briefly touching this key milestone, BTC remains below a major resistance zone,' said Ruslan Lienkha, Chief of Markets at YouHodler, said in an email. 'A decisive breakout and sustained move above this level could trigger a sharp upward rally, potentially targeting the $130,000 range,' Lienkha added. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
18-03-2025
- Business
- Yahoo
Xapo Bank launches Bitcoin-backed loans
Xapo Bank is providing its members access to Bitcoin-backed lending and loans, allowing them to leverage their Bitcoin holdings as collateral. The product will initially offer several features to protect members' investments and aims to ease borrowing while also enabling qualifying members to retain their Bitcoin as a long-term financial instrument. By using Bitcoin as collateral, qualifying Xapo Bank members can access USD funds without selling their assets. This preserves the potential for long-term appreciation of their Bitcoin investments and offers lower short-term loan rates compared to typical credit card providers while benefiting from flexible repayment terms and robust security measures. In addition, eligible members with sufficient Bitcoin holdings can use the in-app calculator to determine their borrowing limit. During the application process, members can select their desired loan amount, with personalised limits of up to $1m, while having complete visibility of the final repayment amount and applicable interest rate. Seamus Rocca, CEO of Xapo Bank, commented: "Many long-term Bitcoin holders have steered away from crypto-asset-backed lending after seeing predatory lending practices and products they couldn't count on. That's why we're doing things differently at Xapo Bank. With over a decade of experience, we've built a lending product our members can trust. We give our members the flexibility to pursue their long-term investment strategy while still accessing their Bitcoin's value when needed. This is what Bitcoin is meant to be, not just a powerful store of value, but an asset that puts financial control back in your hands.' "Xapo Bank launches Bitcoin-backed loans" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
