Market Update*

- *Bitcoin (BTC)*: Stabilizing at $119,000, aiming to break $120,000 psychological barrier. Potential targets: $123,218 (record high), $125,000 (price discovery). Support level: $116,000.

- *Ethereum (ETH)*: Trading at $4,691.31, up 9.54%. Bulls aim for $4,868 record highs, potentially reaching $5,000 with sustained momentum. Current price action shows a steep upward trajectory.

- *XRP*: Stabilizing below $3.40 resistance level. Potential targets: $3.66 (record high) if it closes above $3.40. Support level: $2.99 (61.80% Fibonacci retracement level).

*Institutional Interest*

- *BlackRock's ETH Purchase*: $318.7 million worth of ETH bought, increasing holdings to over 2 million coins. This move signals strong institutional interest and potential for further price increases.

- *BitMine's ETH Treasury*: Boosted to $4.96 billion, with plans to acquire more ETH. This corporate buying pressure has coincided with derivatives market activity reaching unprecedented levels ¹ ² ³.