Altcoin
Crypto Trading Boom Sends Robinhood’s Revenue Past $1 Billion

Robinhood finished 2024 on a high note, thanks to its $1 billion growth in the fourth quarter, which exceeded analysts’ estimates. The company’s fourth-quarter revenue hit $1.01 billion, beating analysts’ estimates of $940.8 million. Also, Robinhood’s crypto trading volume surged by 700%, banking $358 million.
As Bloomberg and other media outlets reported, the popular brokerage was buoyed by interest in the crypto market during the US election cycle. The company’s fourth-quarter revenue was $1.01 billion, beating analysts’ estimates of $940.8 million.
Robinhood Benefitted From Surge In Crypto Trading In Q4
According to a Bloomberg report, Robinhood saw a surge in crypto trading in the fourth quarter of 2024. The company’s crypto trading volume increased by 700%, reflecting a total revenue of $358 million.
Robinhood’s impressive fourth-quarter performance compensated for its poor third-quarter performance with $14.4 billion in revenues, a massive drop from the first quarter’s $36 billion.
The company benefited from increased trading activity in the last quarter of the year, fueled by enthusiasm over the results of the US elections. This was also the time when Bitcoin surged past the $100k mark.
📢 Robinhood Soars 15% After Blowing Past Q4 Profit Estimates 🚀📊
🔹 Q4 revenue surpasses $1B for the first time in company history 💰
🔹 Transaction-based revenue up 236% YoY to $672M, fueled by trading frenzy 📈
🔹 Crypto trading revenue surges 700% as Bitcoin nears $100K… pic.twitter.com/VFhqMJTmZ7— AFV GLOBAL (@afvglobal) February 13, 2025
Robinhood Expands Cryptocurrency Offerings
Robinhood expanded its cryptocurrency offerings by adding seven new tokens for its US customers to address the growing market demands. It also launched its ETH staking services for customers based in the European Union.
The popular brokerage also expanded its services in Spain, complying with the latest EU’s MiCa regulations. Robinhood now boasts cryptocurrency trading staking and supports viral digital assets like the TRUMP coin.
According to CEO Vlad Tenev, the company focused on its product development in 2024. In a statement, Tenev shared that it found an opportunity and now offers its customers a secure way to trade or hold digital assets.
BTCUSD trading at $96,811 on the daily chart: TradingView.com
A Streak Of Profitable Quarters
Robinhood continues to grow its profitability, extending its streak to a fifth quarter of net positive income. The company’s fourth-quarter results beat last year’s net income at $0.03 per share. Also, Robinhood’s diluted earnings per share increased to $1.01, reflecting strong financial performance.
The brokerage ends the year with $193 billion in total assets under custody (AUC), an 88% increase from last year. Robinhood’s growth in total assets was supported by increased valuations in digital assets and equities, including the growing net deposits from customers.
Also, the company’s equity trading value surged to $423 billion in the quarter, a 154% increase from last year. The reported increase in income makes Robinhood one of the best-performing retail trading platforms for the quarter.
Featured image from Gemini Imagen, chart from TradingView
Altcoin
Is Solana Forming a Death Cross Against Bitcoin?

Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price.
This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the altcoin can recover or continue to underperform.
Will Solana Form a Death Cross Against Bitcoin?
Over the past few months, Solana price has experienced a sharp decline when compared to Bitcoin. As of mid-April 2025, Solana is priced at 0.00158 BTC, down by 23% from earlier in the month. This comes after a significant 54% drop since January, showing a steady loss in value relative to Bitcoin.
The recent drop in Solana’s price has raised concerns among traders and analysts. Moving averages, which track price trends over time, have been narrowing, which is often a precursor to a potential death cross formation.


Specifically, the 23-day moving average is approaching the 200-day moving average in the weekly chart, a key level for technical analysts. If it crosses below the 200-day average, it would officially signal a death cross. This could indicate a further decline in Solana’s price against Bitcoin.
Solana’s Recent Performance and Market Trend
Nonetheless, Solana has had some strength, which can be attributed to the recent launch of Solana ETFs in Canada.
At the same time, institutional investors’ attention contributed to the altcoin’s success in surpassing the performance of numerous other cryptocurrencies, including Bitcoin. Solana delivered a 10.5% return within a week, while Bitcoin delivered a 1.8% return in the same time frame.
Nonetheless, the recent excitement about Solana appears to have subsided with the lessened market movements. Analysts like Ali Charts are now analysing whether the recent strength was just a blip in the charts or the first sign of an actual trend reversal to $65.
SOL/BTC Technical Patterns and Support Levels
Based on the current technical perspective, Solana’s price trend against Bitcoin has established the “Falling wedge” chart. This pattern is normally noticed during the consolidation phase, and the break above the upper trend line is usually interpreted as a signal for a bullish move.
The declining moving averages indicate that Solana may continue to decline against Bitcoin and possibly test lower supports despite the SOL/ETH ratio recording its highest weekly close
At present, the price is almost at the apex of the wedge pattern, meaning that it can break soon. If the price surmounts the resistance level at around 0.0018BTC, it will possibly lead to a bullish run and might even regain the value of 0.001895BTC for Sol. However, if the price cannot hold its support at 0.0014 BTC, then it may decrease even lower.


Solana’s performance against Bitcoin will be very significant over the next few weeks. The potential death cross and the support and resistance levels on the chart pinpoint that Solana might experience a difficult time moving forward. If the trend persists, the altcoin could potentially drop as low as 0.001 BTC—a price point that, when measured in dollar terms, is below $100.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Canary Capital Files For Staked Tron ETF

American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.
The Canary Capital Staked Tron ETF
According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.
Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).
This is a breaking news, please check back for updates!!!
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
XRP Price History Signals July As The Next Bullish Month

Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.
Historical Data Points To July Being The Next Bullish Month For The XRP Price
Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.
Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.
For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.
It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.
Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.
Analysts Argue XRP’s Consolidation Could End Soon
Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.
Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.
As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.
However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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