Bitcoin and Ethereum reach new highs; $5 billion in options expiring may cause volatility.

Bitcoin has recently continuously reached new highs, now rising to above $118,000, with Ethereum also following suit, briefly breaking through $3,000.

However, today there is a key point - $4.3 billion in Bitcoin options and $710 million in Ethereum options expire, like the 'routine test' every Friday, which may increase price volatility.

Currently, Bitcoin's 'maximum pain point' is at $108,000, and Ethereum is at $2,600, meaning if the price moves towards these positions, many options traders may incur losses.

Analysts feel that market sentiment is currently bullish, but institutions are still hesitating; it is not yet a time for crazy buying.

BNB is approaching $700, with token burns driving the increase.

BNB has been fluctuating between $630 and $690 recently, now rising to $686, nearing the key resistance level of $700.

There are two positive supports:

Firstly, the 32nd quarterly token burn has just been completed, burning 1.59 million BNB, making the token scarcer.

Secondly, the number of active addresses has increased significantly, from 400,000 to 900,000 - 1 million.

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If it can stabilize above $700, it may rise to $730-$745; if it falls, $625-$635 is a key support level. Currently, indicators show bullish sentiment, but RSI is nearing the overbought zone, which may lead to a short-term correction.

XRP rises 8% to break $2.58, can it reach $6?

XRP recently rose 8%, now at $2.58, with trading volume increased by 168%, breaking through previous resistance levels. Large funds are also in motion, with whale wallets holding over 1 million XRP, totaling 47.32 billion coins.

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Historically, XRP has surged significantly during bull markets, even increasing 800 times in 2017. Now, the technical indicators show it has broken out of years of consolidation, with a possible target reaching $3.8 (exceeding the 2018 high). If institutions participate more, it may reach $4-$6.

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SHIB is rising, but this new project is attracting more attention.

SHIB is now $0.00001240, up 2.6% in 24 hours, with a market cap of $7.3 billion. The Shibarium in the ecosystem is still under development, and confidence is recovering.

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However, many investors have their eyes on Remittix (RTX) - this project focuses on cross-border remittances, solving real problems. The pre-sale has raised $16 million, selling 550 million tokens, currently at $0.0811, with early buyers receiving a 50% reward, which may have more potential than SHIB.

Stellar rises 31%, with $0.30 being a hurdle.

Stellar (XLM) started well in July, rising from $0.22 to now, up 31%. But $0.30 is a hurdle, and it is currently stuck here.

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In the short term, there may be volatility; long-term investors might consider buying slowly. If the weekly close can be above $0.334, it would be considered a real reversal upwards; otherwise, it may continue to oscillate within a range.

Overall, Bitcoin is leading the rise, with other coins each having their highlights, but short-term volatility may be significant, so key price changes should be monitored.