Bitcoin and Ethereum are powering the rally today:
Bitcoin surged ~3.6%, clearing the $122K mark and sitting just ~1% below its July all-time high.
Ethereum reached its strongest level since late 2021, trading above $4,300 and showing solid upward momentum.
The total crypto market cap crossed $4.1 trillion amid broad gains—NFTs and tokens like Zora and Pudgy Penguins led the charge with 4–28% jumps.
Key Factors Driving the Move:
A new U.S. executive order now allows crypto to be included in 401(k) retirement accounts, mobilizing billions in institutional inflows.
Volatility is rising, with BTC’s implied volatility climbing, signaling bigger potential moves ahead.
Be aware: there’s a noticeable gap in CME futures after the weekend surge—historically, BTC tends to “fill” these price gaps quickly.
Quick Strategy Thoughts:
Momentum’s strong—efficient longs could still work, especially on high-liquidity assets like BTC and ETH.
Watch downside gaps from CME—keep stops tight if you’re in leveraged trades.
Altcoins showing promise? This phase could push alt season—sharpen your altcoin scans.