Bitcoin and ether continued to hover around the flat line Wednesday at the $27,000 and $1,800 levels, respectively.
, a Swiss crypto custody services firm. The deal is expected to give Ripple access to clients like Citi and BNP Paribas and expand its overseas presence.
Crypto price action has been relatively subdued for the past month, despite volatility coming back a bit recently due to thin liquidity in the market. Still, realized 30-day volatility for both bitcoin and ether are off their record lows of the year, according to Glassnode.and toward smaller and newer tokens, or "altcoins." This is a recurring period in the bitcoin cycle known as "altcoin season.
"Like macro markets, juggling resilient stock prices with increasingly bleak economic data points, the crypto market is also dealing with duality. There are some signs of frothiness," said Noelle Acheson, author of the "Crypto is Macro Now" newsletter.
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