Cryptocurrency markets are trading higher, driven by high institutional and retail interest, supported by optimistic regulatory developments.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $116,439.73 |
| Ethereum | (CRYPTO: ETH) | $4,051.48 |
| Solana | (CRYPTO: SOL) | $177.78 |
| XRP | (CRYPTO: XRP) | $3.29 |
| Dogecoin | (CRYPTO: DOGE) | $0.2277 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001321 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transactions decreased by 2.4% and grew 15.7%, respectively, in a single day. Daily active addresses decreased by 1.7% and increased by 1.3%, respectively.
- CoinGlass data shows 106,668 traders were liquidated in the past 24 hours for $332.89 million.
- The top gainers/losers in the past 24 hours include Aerodrome Finance (CRYPTO: AERO), Pendle (CRYPTO: PENDLE) and Lido DAO (CRYPTO: LDO).
Notable Developments:
- Blockchain Meets The Stratosphere: World Mobile Launches High-Altitude Connectivity Aircraft With Protelindo
- Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So Here’s The Data
- Coinbase’s DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees
- Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law
- Block’s Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars
- Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure
Trader Notes: Altcoin Sherpa says BTC has hit a natural pause at the range equilibrium, with choppy lower-timeframe action. The bias remains for a move into the $120,000 in the short term.
Crypto Chase noted BTC is at a crucial support — bulls need to hold it or risk a deviation with liquidity below. Heading into the weekend, the plan is to exercise patience, watching for either a drop toward approximately $110,000 or a breakout above roughly $120,000.
Crypto chart analyst Ali Martinez highlighted that the MVRV ratio has just flashed a golden cross for XRP, a signal that previously preceded rallies of 630% and 54%.
Crypto General sees the Ethereum surge as planned. While short-term positions are booked, the next plan will come after a close above $4,000.
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