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13 May 2026, 11:38

Charles Schwab opens spot BTC and ETH trading to US clients

🚀 Charles Schwab now offers spot BTC and ETH trading to US clients. This opens direct crypto access for 35 million Schwab customers. Continue Reading: Charles Schwab opens spot BTC and ETH trading to US clients The post Charles Schwab opens spot BTC and ETH trading to US clients appeared first on COINTURK NEWS .

13 May 2026, 11:33

Bitcoin and Ethereum Arrive on Wall Street Giant Charles Schwab for Selected Retail Clients

Charles Schwab has started rolling out its new Schwab Crypto accounts to retail clients, allowing users to trade Bitcoin and Ethereum directly through the platform alongside traditional investments, starting Tuesday. The offering is currently available to most residents in the United States, although residents of New York, Louisiana, and US territories are excluded at this stage. Schwab Crypto accounts are also not yet available to international users. Schwab Crypto Rollout According to the announcement, the first group of eligible clients can begin accessing crypto trading. To open a Schwab Crypto account, users must already have an eligible brokerage account with the company. Supported account types include individual and joint brokerage accounts, while additional requirements such as jurisdiction-based eligibility also apply. Schwab Premier Bank serves as the custodian for the latest offering, while Paxos will manage trade execution and sub-custody services. As per the FAQs page, Schwab Crypto plans to charge a 75-basis-point trading fee. The rollout comes as the brokerage and banking firm continues expanding its presence in the crypto market. Last month, Charles Schwab introduced a dedicated crypto-focused page on its website under the “Schwab Crypto” branding, in a bid to expand its offerings for retail investors seeking direct exposure to digital assets. Founded in 1971, Charles Schwab manages roughly $12 trillion in assets and is considered one of the largest banking and financial services organizations in the United States. But despite the major TradFi expansion into crypto, there have been no visible changes in the price of the two top assets as Bitcoin remained near $80,000, while Ethereum traded around $2,300. Schwab 1Q Results Charles Schwab posted a net income of $2.5 billion in the first quarter of 2026. After excluding certain transaction-related expenses, adjusted profit rose to $2.6 billion, while adjusted earnings per share increased 38% year-over-year to $1.43. Meanwhile, quarterly revenue was up 16% to $6.48 billion. Client assets reached $11.77 trillion by the end of March, up 19% from a year earlier. Additionally, the company recorded $140 billion in core net new assets during the quarter and opened 1.3 million new brokerage accounts, which pushed total client accounts to 47.2 million. The post Bitcoin and Ethereum Arrive on Wall Street Giant Charles Schwab for Selected Retail Clients appeared first on CryptoPotato .

13 May 2026, 11:27

Can Ethereum hold $2,300 after JPMorgan’s big blockchain move?

Ethereum is trading above $2,300 once again after adding 1% to its value in the last 24 hours. The leading altcoin briefly dropped to the $2,200 level as the broader crypto market recorded losses. However, technical indicators suggest that ETH could rally higher in the near term, with the $2,500 psychological level a target. JPMorgan files to launch another Ethereum-based tokenized Treasury fund ETH is up 1% and is now trading above $2,300. The positive performance comes after JPMorgan filed a registration statement with the US Securities and Exchange Commission (SEC) on Tuesday to launch the JPMorgan OnChain Liquidity-Token Money Market Fund. According to the filing , the fund would trade under the ticker JLTXX. JPMorgan explained that JLTXX is a tokenized government money market fund on the Ethereum blockchain. The fund introduces Token Class Shares, allowing investors to interact with fund shares through blockchain-based transactions while maintaining traditional book-entry ownership records. JPMorgan stated that the blockchain technology behind the fund will be managed by its business unit, Kinexys Digital Assets. This latest development is a huge win for Ether as the Ethereum blockchain is currently the only blockchain used by the fund. However, JPMorgan intends to expand to other blockchains in the future. The filing states that the fund will primarily invest in short-term US Treasury securities and overnight repurchase agreements fully collateralised by US Treasury securities or cash. The strategy is designed to maintain a stable net asset value of $1.00 per share while generating current income and preserving liquidity. Ethereum price forecast Similar to Bitcoin, the ETH/USD 4-hour chart remains bullish as Ether is trading above $2,300 on Wednesday. It is holding its position above the 50-day EMA at $2,275 while staying capped beneath the 100-day EMA at $2,340. However, Ether is capped by the 38.2% Fibonacci retracement of the latest upswing at roughly $2,380, with the 200-day EMA around $2,574 also limiting the current upside movement. Momentum indicators suggest that the bulls are regaining control. The RSI hovers just below the neutral 50 mark, and the MACD line is below its signal line and below the zero line, hinting that upside momentum is fragile. If the bulls regain control, they would encounter immediate resistance at the 100-day EMA near $2,340, with the 38.2% Fibonacci retracement at about $2,380 as the next hurdle. A daily candle close above these levels would bring the 200-day EMA around $2,574 into focus in the near term. However, if the sellers take control, the initial support would emerge again at the 50-day EMA around $2,275, followed by a structural band near the former channel top around $2,148. Failure to defend these levels would see ETH dip lower towards the 23.6% Fibonacci level at roughly $2,138. The major swing floor around $1,748 would ensure that the broader market trend doesn’t switch bearish in the medium term. The post Can Ethereum hold $2,300 after JPMorgan’s big blockchain move? appeared first on Invezz

13 May 2026, 11:20

GBP/USD Nears Key Moving Averages, Societe Generale Warns of Potential Inflection

BitcoinWorld GBP/USD Nears Key Moving Averages, Societe Generale Warns of Potential Inflection The British pound is approaching critical technical levels against the US dollar, with Societe Generale analysts highlighting that the currency pair is nearing key moving averages that could signal a turning point. The French bank’s latest note suggests traders should watch for a potential breakout or reversal as the exchange rate tests these thresholds. Technical Crossroads for Cable Societe Generale’s technical strategy team points out that GBP/USD, often referred to as “cable,” is currently trading in close proximity to its 50-day and 200-day moving averages. These widely monitored indicators often act as dynamic support or resistance levels. A decisive move above or below these averages could set the tone for the pair’s direction in the coming weeks. The analysis comes as the dollar has been under pressure from shifting expectations around US interest rate cuts, while the pound has been supported by relatively hawkish signals from the Bank of England. What This Means for Traders For market participants, the proximity to these moving averages creates a technically significant zone. A sustained break above the 200-day moving average, for instance, could be interpreted as a bullish signal, potentially opening the door to further gains. Conversely, a failure to hold above the 50-day moving average might suggest renewed bearish momentum. Societe Generale’s report does not provide a directional call but emphasizes the importance of these levels for short-term trading strategies. The analysis is particularly relevant given the broader macroeconomic backdrop of divergent central bank policies and ongoing geopolitical uncertainties. Broader Market Context The pound’s recent performance has been shaped by a mix of domestic and global factors. UK inflation data has remained sticky, keeping pressure on the Bank of England to maintain a cautious stance on rate cuts. Meanwhile, the US dollar has weakened as markets price in a potential pivot from the Federal Reserve. This dynamic has created a tug-of-war for GBP/USD, making technical levels like moving averages even more critical for traders seeking clarity. Societe Generale’s note adds to a growing chorus of analysts watching these technical thresholds as a barometer for the pair’s next major move. Conclusion GBP/USD’s approach toward key moving averages represents a technically significant moment for the currency pair. Societe Generale’s analysis underscores the importance of these levels in determining near-term direction, but the broader outcome will depend on evolving central bank policies and economic data. Traders should monitor these technical zones closely while remaining aware of the fundamental factors that could drive a breakout or reversal. FAQs Q1: What are moving averages and why do they matter for GBP/USD? Moving averages are technical indicators that smooth out price data to identify trends. The 50-day and 200-day moving averages are particularly important because they are widely watched by traders as dynamic support and resistance levels. When a currency pair approaches these averages, it often signals a potential inflection point. Q2: Is Societe Generale predicting a specific direction for the pound? No, the bank’s note focuses on the technical significance of the current price action near key moving averages. It highlights the levels to watch rather than making a directional forecast. The outcome will depend on whether the pair breaks above or below these thresholds. Q3: How do central bank policies affect GBP/USD technical levels? Central bank decisions on interest rates directly influence currency valuations. The Bank of England’s stance on inflation and the Federal Reserve’s outlook on rate cuts create fundamental pressure that can either reinforce or break through technical levels like moving averages. Traders must consider both technical and fundamental factors. This post GBP/USD Nears Key Moving Averages, Societe Generale Warns of Potential Inflection first appeared on BitcoinWorld .

13 May 2026, 11:18

ETF Flows Anchor Bitcoin As On-Chain Profits Return

Bitcoin crossed the midweek over $81,000 and the STRC ex-dividend date still hovering around $80,000, holding within a tight range since the weekend, after reclaiming the two cost-basis levels that defined resistance: the True Market Mean (TMM) at $79,200 and the Short-Term Holder cost basis (STHRP) at $79,500. Spot flows suggest the projected buying pressure expected around 15 May was pulled forward, and the lack of follow-through now, after reclaiming those resistance levels, is concerning. It could be an early sign of a retracement over the next few days. Bitcoin price is around $80,500 by the time of publication. The TMM and STHRP are dynamic levels that act as support or resistance respectively, representing the average cost basis across a varied cohort of participants who typically transact around their cost basis. Continuously retesting those levels as support, and failing to expand even with strong ETF buying and reduced miner distribution, places the market in a neutral region. The corporate-treasury channel that powered the prior leg has stepped back materially. The institutional bid is narrowing toward a single channel (ETFs), and that shift is the behavioural story of the week so far. Macroeconomic Backdrop The current economic environment is restrictive. On Tuesday, the US 10-year Treasury yield rose to a peak of 4.42 percent, pushing expectations for rate cuts further into the second half of 2026. While nominal yields are rising, the Dollar Index has held steady at 97.88 and the S&P 500 gained 0.84 percent to reach 7,398.93. Investors still have an appetite for risk. These conditions are not yet a major obstacle, but they do place constraints on bitcoin that influence positioning in perpetual futures. The year-on-year trend in energy costs ran higher through April, supporting the view that primary inflation gauges likely firmed beyond core price levels. High interest rates are capping price growth in assets that do not provide a yield. The positive correlation between bitcoin and equities also suggests the current recovery is being driven by a general move into risk assets and not a shift toward bitcoin as a stable form of money. That distinction matters for the derivatives market: while rallies in risk assets are usually supported by direct buying, this recovery shows more signs of leverage. Options: Skew Flattens, Gamma Tightens The options market is behaving differently from the perpetual market. On Deribit, call options make up nearly 57 percent of total open interest. The most concentrated contract is the $80,000 call for late May. A cluster of put options has also formed at the $85,000 level, worth over $1.2 billion, likely a way for traders to hedge exposure to the underlying. However, the skew is becoming more neutral as traders move away from the heavy hedging that defined April. The reduction in short-term protection is a notable trend this week. Implied volatility has risen significantly from its late-April lows and currently sits near 45 percent. Dealers are preparing for more price movement than we have seen recently. The most significant data point is gamma positioning. A concentrated short gamma cluster of roughly $2 billion has built up around the $82,000 level. In this environment, dealers must buy as prices rise and sell as prices fall, which can accelerate moves. Recent options activity has favoured call buying, so dealers have been forced to buy to manage their risk. A move between $82,000 and $85,200 could be very volatile, while a drop below $79,000 could be equally fast. The market is positioned to break sharply rather than stay in a quiet range. On-Chain Data and Challenges On-chain data is more constructive now than at any point since early February. Total realised profit and loss has turned positive for the first time in three months. The shift is small, but the change in direction is important. Long-term holders have started taking some profits, selling about $180 million per day. That is a moderate amount compared with past cycles and suggests current selling is controlled. The concern lies in daily realised losses, which are still averaging $479 million. In quieter periods, this figure sits closer to $200 million. Until losses drop back to that level, the on-chain recovery is not fully confirmed. Price has returned to average levels, but seller behaviour has not yet normalised. The market is improving but is not yet stable, which leaves room for the price moves outlined in the options section. Key Metric: Treasury Bid Composite (TBC) Through much of 2024 and 2025, two groups of institutional buyers supported the market: The ETF channel: US spot bitcoin ETFs, representing demand from traditional funds. The DAT channel: Digital Asset Treasuries, such as public companies that buy bitcoin for their balance sheets. Both groups being active provided stability. If one stepped back, the other could maintain the price. This week, only the ETF channel is active. Average monthly flows for ETFs have been positive, with significant buying recorded through March and April. Corporate buyers, by contrast, have gone quiet. Major players bought very little bitcoin last week, and one key asset has seen an 80 percent drop in purchase volume compared with last month. Alternative Viewpoint The most common view this week is that negative funding combined with a price recovery sets up a short squeeze, with a target of $85,200. An alternative reading is that the same factors supporting a squeeze also act as a cap on the price. Dealers may chase prices higher initially, but their behaviour shifts once price clears a certain level. At that point, their hedging starts to slow the move rather than accelerate it. Given the high level of realised losses still in the market, a direct push to $85,200 looks less likely. A quick jump to the $82,000 to $84,000 range, followed by a period of neutralisation, seems more probable. In that scenario, the squeeze is a temporary trigger rather than a durable trend. Key Events to Watch The following events will offer more information before the full report on Saturday. Wednesday 13 May: BitGo Q1 earnings will provide the first read on institutional storage trends and help confirm whether more large investors are entering the market. Thursday 14 May: The performance of specific corporate assets will indicate whether large companies are still interested in using bitcoin for their treasuries. Friday 15 May: STRC dividend payment occurs. A stable rate would be a positive signal for the market. Through 16 May: Watch for reports of large bitcoin sales by major companies, which could weigh on the market. Ongoing: Monitor whether realised losses drop below $200 million per day, which would confirm the recovery is sustainable. Ongoing: Watch for funding to turn positive. If it rises too high, it could signal crowded positioning on one side of the trade. The current range for bitcoin is $79,100 to $85,200. The question for the rest of the week is whether retail demand through ETFs can hold the price up, or whether larger corporate buyers will need to return. The post ETF Flows Anchor Bitcoin As On-Chain Profits Return appeared first on Bitfinex blog .

13 May 2026, 11:10

Is XRP Losing Steam? Sell Orders Start to Edge Out Buyers Despite Price Remaining Relatively Stable

XRP Shows Signs of Cooling Momentum as Buyers Lose Ground XRP is showing early signs of fading buyer momentum, according to market analyst Crypto Convicted, even as it continues to hold above key support levels. Data from CoinCodex shows the token trading at $1.46 , up 2.18% over the past week, but order flow trends suggest a more cautious shift is building beneath the surface. One closely watched metric is the 30-day Cumulative Volume Delta (CVD), which had risen to around 0.58, signaling strong spot demand and suggesting XRP’s rally was backed by real buying pressure rather than speculation. At that point, sentiment was clearly strengthening as buyers consistently absorbed sell-side pressure. However, momentum appears to be shifting. XRP’s CVD has flipped negative, dropping to roughly -10.9 million, a sign that selling pressure is now overtaking buy-side demand. The divergence between steady price action and weakening order flow is beginning to raise concerns about the rally’s short-term strength. Although XRP continues to hold key support levels, the growing imbalance points to cooling demand and the possibility of liquidity gradually rotating out of the market. XRP at a Critical Inflection Point as $1.44 Support Holds Amid Tightening Wedge Pressure Despite fading buyer momentum, XRP continues to defend the critical $1.44 support zone, a level that has so far absorbed mounting sell pressure and prevented a sharper pullback. The resilience suggests underlying demand remains intact, even as aggressive buying activity cools. Technically, XRP is still trading within a tightening symmetrical wedge, signaling that a larger move may be approaching. Market analysts are now focused on the $1.50 resistance level, where a decisive breakout could reignite bullish sentiment and confirm renewed upward momentum. Until then, XRP is likely to remain locked in consolidation, with the potential for heightened volatility in either direction. Analysts warn that XRP is nearing a decisive inflection point as price action tightens between key support and resistance levels. Historically, extended periods of compression tend to trigger sharp breakouts, though the market has yet to signal a clear direction. With selling pressure gradually increasing and buyers showing reduced aggression, the risk of a near-term volatility surge is beginning to climb. Overally, XRP remains stuck in a fragile equilibrium, holding support but lacking strong bullish momentum. Therefore, it remains to be seen whether buyers can re-enter with conviction or if mounting bearish pressure will ultimately drive the next major move.