Ether Is the Sole Major Crypto Posting Gains, While XRP Shows Little Change After Giant Treasury Plans

Crypto Market Finds “Goldilocks Zone” Amid Softening Yields and Corporate Crypto Treasury Moves

Crypto traders are describing the current landscape as a “Goldilocks zone,” where stable macroeconomic factors and growing corporate crypto treasury activity have yet to fully influence asset prices.

Ether (ETH) led the major cryptocurrencies with a modest gain, climbing above $2,700 early Thursday, while the broader crypto market remained range-bound despite a flurry of macroeconomic and corporate developments.

Institutional interest in Ether was reinforced by ongoing net inflows into Ether-based spot ETFs, even as Bitcoin (BTC) saw a slowdown in flows, market participants noted.

XRP remained relatively flat after Nasdaq-listed VivoPower announced a $121 million commitment to build an XRP-based treasury reserve, following the playbook of bitcoin treasury adopters like MicroStrategy (MSTR) and Metaplanet.

Nick Ruck, director at LVRG Research, told CoinDesk via Telegram: “U.S. stocks rose after a federal court blocked Trump-era tariffs, but Bitcoin declined following the Federal Reserve’s decision to hold interest rates steady. This suggests investors are optimistic about the long term but cautious in the near term when it comes to Bitcoin.”

Bitcoin slipped below $108,000, causing the overall crypto market cap to fall by about 2.5%. Other major tokens like Cardano’s ADA, Binance’s BNB, Dogecoin, and Solana’s SOL saw little movement over the last 24 hours.

Outside the top ten, Toncoin (TON) dropped in early Asian trading after surging more than 20% the previous day amid reports of a partnership with Elon Musk’s xAI to integrate the Grok AI service on its platform. Musk later clarified on X that “no deal has been signed,” while Pavel Durov of Toncoin said the agreement was reached in principle but pending formalities.

Market Calm Sets Stage for Potential Catalysts

Traders say the market is settling into a “Goldilocks zone” where volatility has dropped, major risks are absorbed, and potential new catalysts loom on the horizon.

QCP Capital noted in a recent report: “Volatility across asset classes has collapsed. With yields retreating on long-term U.S. and Japanese government bonds, we’re in a Goldilocks phase. The impact of last month’s tariff policies will take time to filter through to economic data, likely not until Q3.”

Yields on 10- and 30-year U.S. Treasuries slipped below 4.5% and 5%, respectively, while Japan’s 30-year government bond yield fell under 3%, signaling a reduction in immediate fiscal concerns despite historically high debt levels.