The cryptocurrency market has started strong this week, with the total market cap rising 4% to $3.42 trillion, indicating a return of bullish sentiment.
Here are the dynamics of key currencies:
BTC: Price broke $109,000, up 4% within 24 hours. Coinbase shows increased interest from U.S. investors, with significant whale accumulation. Continued bullishness may persist into the second half of 2025.
ETH: Up 8%, breaking through $2,650. The Pectra upgrade introduces blob transactions significantly reducing fees, doubling aggregate capacity and supporting wider adoption.
SOL: Up 5% to $158.99, approaching the Bollinger Band midline at $162.31, with a neutral RSI; a breakout could trigger a new upward trend.
TAO: Up 10% to $426.64, driven by Oblong's $7.5 million private placement supporting its AI ecosystem expansion, emphasizing the potential of decentralized AI.
DOT: Up nearly 4% to $4.14, with a clear technical rebound. A new SDK supports modular development, enhancing ecosystem flexibility, with a target price of $5.50 in June.
The overall market is bullish, with technological upgrades and institutional interest as the main driving forces.