• Bitcoin (BTC) strengthened 2.41% in the last 24 hours, reaching its highest level since the February correction at around $97,000. This increase was driven by institutional interest and inflows into Bitcoin ETFs, although year-to-date inflows are still below those of 2024.
• Ethereum (ETH) also showed positive performance, with prices rising and remaining in the green zone alongside Bitcoin.
• Meme Coins like NEET, FARTCOIN, and WIF recorded significant price spikes, rising 30%, 12%, and 28% respectively in the last few days.
• Today, around $3 billion in Bitcoin and Ethereum options will expire, potentially causing price volatility.
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• The US Dollar (USD) remains stable ahead of the release of important economic data from the United States this week, including the Non-Farm Payrolls (NFP) report.
• EUR/USD strengthened, moving away from recent lows and returning to the 1.1300 range ahead of the Eurozone inflation data and US NFP release.
• NZD/USD climbed above 0.5900 as the New Zealand Dollar strengthened due to rising market sentiment.
• USD/CAD traded below 1.3850 as the US Dollar weakened ahead of the NFP report.