Cryptocurrency markets are recovering on Thursday, with Ethereum leading the rally across altcoins.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $119,157.24 |
| Ethereum | (CRYPTO: ETH) | $3,738.63 |
| Solana | (CRYPTO: SOL) | $189.07 |
| XRP | (CRYPTO: XRP) | $3.23 |
| Dogecoin | (CRYPTO: DOGE) | $0.2399 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001388 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin's large transaction decreased by 13.4% and daily active addresses grew 6.2%. Exchanges netflows were down by 90.8%. Transactions greater than $100,000 shot up from 10,510 to 11,053.
- Coinglass data shows 229,386 traders were liquidated in the past 24 hours for $666.60 million.
- The top losers in the past 24 hours include Pump.fun (CRYPTO: PUMP), Fartcoin (CRYPTO: FARTCOIN) and Virtuals Protocol (CRYPTO: VIRTUAL).
Notable Developments:
- Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG
- Crypto A Gamble Too Rich For Americans? 60% Say ‘Never’ Despite Bitcoin’s All-Time High Moves
- Ethereum, XRP Sink While Bitcoin Holds: What’s Going On With Altcoins?
- Jim Cramer Says He’s Buying ‘A Lot’ Of Bitcoin As Protection Against Spiraling US Debt: ‘Worried About My Kids’
- Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might
Trader Notes: Glassnode data shows that Bitcoin's recent surge from $110,000 to $117,000 carved out a low-density accumulation zone, often referred to as an on-chain air gap.
These gaps, while typically thin in volume, have historically served as bottoming zones during corrective phases.
So far, Bitcoin has remained comfortably above its $122,600 all-time high, but if support falters, that air gap could re-emerge as a key demand zone.
Crypto chart analyst Ali Martinez points to tightening Bollinger Bands on the 4-hour Bitcoin chart, signaling that a volatility spike is likely imminent.
He suggests a decisive close beyond the $117,000–$119,700 range could set off the next significant directional move.
Daan Crypto Trades also highlighted that Bitcoin is nearing a critical decision point, noting price action has been trapped in a choppy triangle pattern for the last couple of weeks.
He urges to wait for confirmation rather than anticipate the breakout prematurely, to avoid getting whipsawed by indecisive market behavior.
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