Cryptocurrency markets are trading higher on Wednesday, with Ethereum notably outperforming Bitcoin.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $111,944.09 |
| Ethereum | (CRYPTO: ETH) | $4,462.77 |
| Solana | (CRYPTO: SOL) | $209.99 |
| XRP | (CRYPTO: XRP) | $2.85 |
| Dogecoin | (CRYPTO: DOGE) | $0.2192 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001253 |
Notable Statistics:
- Coinglass data shows 109,129 traders were liquidated in the past 24 hours for $246.94 million.
- In the past 24 hours, top gainers included MemeCore (CRYPTO: M), Virtuals Protocol (CRYPTO: VIRTUAL) and Cronos (CRYPTO: CRO).
Notable Developments:
- Alibaba’s Jack Ma-Backed Firm Invests $44 Million In Ethereum For Strategic Reserve
- Tom Lee: Ethereum Could Reach $62,000 If It Hits This ETH/BTC Ratio
- Kevin O’Leary Says Bitcoin, Ethereum Are ‘True Gold Standards,’ Reveals They Make Up 90% Of His Crypto Holdings
- Trump’s Crypto Advisors Push SEC And CFTC To Unite And Streamline Digital Asset Regulation
- The ‘Intelligent Investor’ Is Dead, Expert Proclaims: ‘Bitcoin Will Win’ In Times Of ‘Ideological Investors’
Trader Notes: IncomeSharks noted that Bitcoin is re-entering its major trading channel, aligning with prior expectations.
Ted Pillows predicted that Bitcoin could remain sideways or bearish through the month before staging a strong rally in Q4, pointing toward a potential blow-off top in late 2025 or early 2026, consistent with prior cycle peaks.
ShardiB2 flagged $113,250 as the critical breakout level to confirm a market bottom, while Michael van de Poppe described Bitcoin's current setup as a "crucial test." He noted that reclaiming the 20-day EMA would put the bull trend back on track, but failure to break higher could invite further dips — opportunities he is preparing to buy.
On a higher timeframe, analyst CryptosBatman pointed out a massive bullish divergence on Bitcoin's weekly chart. Despite the rebound, the stochastic indicator remains deeply oversold and has yet to trigger a golden cross, suggesting that the latest move may still be in its early stages.
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Image: Shutterstock
