📊 Market Overview

- Bitcoin (BTC): Currently trading at $104,409, up 0.46% over the past 24 hours.

- Ethereum (ETH): Holding at $2,483.68, with a slight decrease of 0.37%.

🔑 Update Key Drivers

1. 📉 Bitcoin Technical Resistance & Bear Flag Warnings

Analysts have flagged a bear flag pattern on Bitcoin’s chart, hinting at potential downside to the $97K–$100K level if momentum fades. The price is currently hovering around $104K, holding key support.

2. 💼 Institutional Inflows Remain Strong

Despite minor dips, institutional interest in BTC and ETH remains solid, especially ahead of major ETF developments. Fidelity, BlackRock, and others continue accumulating.

3. 🏦 Fed Watch: Interest Rate Signals in Focus

Traders are closely monitoring this week’s macro data, including U.S. jobs numbers and inflation updates, which could sway the Fed’s decision on interest rate cuts.

→ No cuts = tighter liquidity = slower upside for risk assets like crypto.

4. 📊 Ethereum ETF Decision Window Opens

SEC approval for Ethereum spot ETFs is now expected within 5–7 days. Multiple analysts have raised approval odds to 90%, fueling speculative positioning in ETH and related altcoins.

5. 🏢 Metaplanet’s Bitcoin Treasury Expansion

Japanese firm Metaplanet bought 1,088 BTC, bringing their total holdings to 8,888 BTC (~$117M). This puts them in the spotlight alongside MicroStrategy and others.

6. ⚽ PSG Adds Bitcoin to Treasury

French football giant Paris Saint-Germain (PSG) revealed it now holds Bitcoin in its reserve strategy.

→ One of the first major sports clubs to formally do so.

#cryptoupdates