Bitcoin at $4.2 Million Puts Saylor Ahead of Elon Musk; XRP Rally Stalls After Hyperliquid ETF Launch; Cardano Hits Millionaire Milestone – Morning Crypto Report
The post Bitcoin at $4.2 Million Puts Saylor Ahead of Elon Musk; XRP Rally Stalls After Hyperliquid ETF Launch; Cardano Hits Millionaire Milestone – Morning Crypto Report appeared on BitcoinEthereumNews.com. TL;DR Saylor vs. Musk Wealth Race: Michael Saylor could surpass Elon Musk in net worth if Bitcoin reaches $4.2 million. The scenario becomes possible due to the MNAV premium at which MicroStrategy shares trade relative to net asset value. XRP Rally Pauses: Capital inflows into XRP funds dropped to $0 following the launch of the first U.S. spot Hyperliquid ETF (THYP) from 21Shares and ahead of the final Senate vote on the CLARITY Act. Record Cardano Accumulation: Large holders – addresses with balances above 1 million ADA – accumulated a historic record of 25.09 billion tokens, taking control of 67.47% of the total circulating supply of Cardano. Crypto Market Outlook: Bitcoin corrected below $80,000 amid a record $635 million single-day ETF outflow and escalating trade tensions betw