Bitcoin is trading near $111,700 resistance after recovering from $108,000, with technical indicators showing weakening bearish momentum. The cryptocurrency maintains higher lows while order book data reveals thin liquidity above current levels. A breach above the immediate resistance zone could open the path toward $117,000.

Ripple has completed its $1.25 billion acquisition of Hidden Road, rebranding the non-bank prime broker as Ripple Prime. The transaction makes Ripple the first cryptocurrency company to own a global multi-asset prime brokerage. Ripple Prime will provide clearing, financing, and brokerage services across digital assets, derivatives, foreign exchange, and fixed-income products to institutional clients.

Tom Lee of Fundstrat Global Advisors and veteran trader Peter Brandt have warned that Bitcoin could face a 50% correction despite record inflows into BTC exchange-traded funds. Lee characterized Bitcoin as a high-beta asset that amplifies broader market moves during periods of weakness. Brandt drew parallels between Bitcoin's current price structure and the 1977 soybean crash, which saw prices plunge more than 50%.

Approximately $800 billion in capital has shifted from altcoins into Bitcoin and corporate digital asset treasuries this cycle, according to 10x Research. Retail investors are moving toward established assets while institutional portfolios holding BTC and ETH now represent a significant share of crypto market capitalization. CoinMarketCap's altcoin season index currently stands at 24, well below the 75 threshold required to signal an altcoin season.

JPMorgan upgraded Coinbase to "overweight" from "neutral" and raised its price target to $404 from $342. The bank cited two primary catalysts: potential monetization of a Base token and expanded USDC yield offerings through Coinbase One. Shares climbed more than 8% in early trading to approximately $349.56.