The crypto market is experiencing a notable upswing today, with major assets rebounding after recent corrections.
🟢 Market Highlights
#Bitcoin (#BTC ): Surged past $106,000, marking a 2.8% increase. Analysts suggest a potential breakout towards $110,000, driven by bullish momentum and significant #ETFs inflows totaling $667 million.
Ethereum (#ETH ): Leads the altcoin rally with a 7.1% gain, reaching $2,544.
Solana (#SOL ): Up by 4.8% to $168, reclaiming crucial levels amid its price rally.
Cardano (#ADA ): Increased by 3%, with massive exchange outflows and a bullish channel breakout suggesting a move towards $0.82.
📈 Noteworthy Developments
XRP Futures Launch: #CME Group initiated XRP futures trading, recording $1.5 million in volume on its debut.
JPMorgan Embraces #Bitcoin: CEO JamieDimon announced that clients will soon be able to purchase Bitcoin through the bank, marking a significant shift in traditional finance's approach to crypto.
Metaplanet's Bitcoin Investment: The company's shares soared following a $104 million Bitcoin acquisition, highlighting growing corporate adoption.
📊 Meme Coins & Altcoins
Dogecoin (DOGE ): Analysts identify a trend break opportunity, targeting a price of $0.43 following an inverse head and shoulders breakout.
PEPE: Eyes a bull flag breakout as open interest rebounds to $527 million, nearing an all-time high.
Bittensor ( TAO ): Gaining attention with its decentralized AI approach, sparking discussions about its long-term potential.
🌍 Regulatory & Global News
Trump Proposes Strategic Bitcoin Reserve: The former president suggests the U.S. should hold a strategic Bitcoin reserve, indicating a shift in political perspectives on crypto.
UK's Crypto Lending Restrictions: Britain plans to bar consumers from using credit cards to buy crypto and limit access to crypto lending products, aiming to enhance consumer protection.