Crypto market recap: XRP and Solana rebound, Stripe considers buying PayPal

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Crypto market recap

Highlights

Crypto market cap rebounded to $2.24T, but BTC, ETH, XRP, SOL and BNB remain down weekly.
Fear & Greed at 11 signals extreme caution despite rising Bitcoin adoption and accumulation trends.
Stripe–PayPal M&A talks and new U.S. tax proposals add regulatory and structural uncertainty.

Ethereum is holding near $1,893 with a 3.60% daily increase and a 5.54% weekly decline. XRP rose to $1.36 (+2.37% over 24 hours), but remains down 7.88% over seven days. Solana gained 6.44% to $81.75, while posting a 3.92% weekly drop. BNB is trading around $594, showing a 0.73% daily increase and a 3.68% decline over the week. The Fear & Greed Index stands at 11, placing the market in the extreme fear zone and reflecting continued investor caution.

Bitcoin adoption rises amid price pressure

River reported that Bitcoin adoption continues to grow despite weak price performance. The platform is seeing an increase in new clients and in the volume of BTC held in custody. The share of long-term holdings is rising, reducing the amount of coins available in active circulation.

According to River, the current phase resembles accumulation rather than a speculative cycle. Nevertheless, BTC’s price remains under pressure due to limited institutional inflows and low liquidity. The divergence between fundamentals and market valuation is widening. Similar gaps in previous cycles preceded recovery phases.

Stripe, PayPal and tax agenda add pressure to the sector

According to Bloomberg, Stripe is considering a potential acquisition of PayPal, which could become one of the largest deals in fintech. A merger could accelerate the integration of cryptocurrencies and stablecoins into the global payment infrastructure. Stripe has already been expanding crypto payment services for businesses.

At the same time, the Blockchain Association has spoken out against a new U.S. congressional tax proposal that expands reporting requirements for crypto companies. Industry representatives warn about rising operating costs for exchanges and custodians. Increased regulatory pressure coincides with the current price correction. The market is reacting cautiously, assessing long-term implications for institutional demand.

Key market metrics and structural trends

The average market RSI stands at 47.23, indicating a neutral phase after recent oversold levels in the 36–38 range. Over the past seven days, BTC fell 4.16%, Ethereum 5.54%, XRP 7.88%, Solana 3.92%, and BNB 3.68%. The Altcoin Season Index at 36 confirms BTC dominance in liquidity allocation.

Market capitalization remains more than 10% below recent quarterly highs. River data shows growth in its client base and BTC holdings despite the price decline. A potential Stripe–PayPal deal could reshape crypto payments in the U.S. and Europe. The proposed tax initiatives add further uncertainty for the industry. In the short term, the market remains sensitive to corporate and regulatory decisions amid continued growth in Bitcoin’s fundamental adoption.

Recently we wrote that the Ethereum Foundation has officially begun in-house staking of its ETH and plans to stake 70,000 ETH in the coming weeks as part of its treasury policy. The Foundation has already staked 2,016 ETH (approximately $3.8 million), which will begin generating rewards for the main treasury.

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