Crypto market nears milestone

Over the previous week, the crypto market cap has climbed 7.5%, stabilizing below $3 trillion. This is a strong consolidation of strength before the 200-day moving average. Overcoming this line will attract significant active funds, an important benchmark. A confident return above $3 trillion can boost buyer activity.

In the week, the Cryptocurrency Fear and Greed Index moved out of fear and into greed, reaching 60. From late February until mid-week, the index didn't exceed 50. A comeback from dramatic lows frequently indicates additional gains.

Bitcoin has entered the bull market. While hovering around $95k, the price has confidently exceeded the 50- and 200-day moving averages and recent local highs. Thus, the decline ended. This frequently leads to market growth among more altcoins.

Last week, CoinShares reported $3.423bn in global crypto fund investment, the biggest since mid-December 2024 and the third largest ever. Investments in Bitcoin gained $3.188bn, Ethereum $183m, XRP $32m, and Sui $21m, while Solana declined $6m.

Bernstein expects BTC to reach around $200,000 by 2025. Bitcoin will reach $500,000 by 2030 and $1 million by 2033 after inevitable bear times. Increased corporate hoarding and supply reduction will drive growth. Nearly 9% of BTC supply is in ETFs and corporate reserves.

Ethereum proposes 100-fold gas cap increase. The modification could allow the second cryptocurrency to perform 2,000 transactions per second.

Anonymous cryptocurrency Monero rose 50% Monday to 4-year highs. The spike is attributed to a suspicious 3,520 BTC ($330 million) transaction on Sunday. It said the monies were stolen and changed into anonymous currencies like Monero and Zcash.

#BinanceAlphaAlert #AITokensBounce #BTCRebound #SaylorBTCPurchase #ArizonaBTCReserve $BTC $XRP $ETH