The crypto market is rising again, while Bitcoin seems to stabilize around 113,000 dollars.
The cryptocurrency market experiences a slight recovery. Bitcoin stabilizes near 113,000 dollars, while Ethereum and XRP record modest movements. Meanwhile, Cronos (CRO) continues to stand out as the big winner with a notable jump in its price.
The previous correction began to give way thanks to institutional backing and renewed expectations in strategic altcoins.
Circle and Finastra announced on Wednesday a partnership to integrate USDC settlement into Finastra's Global PAYplus platform, which handles over 5 trillion dollars in daily cross-border payment flows.
Pi Network (PI) is entering a crucial stage with the launch of Pi Node Linux and preparations for the upcoming protocol update to version 23.
The Spanish startup Internxt announced that it will start accepting payments in cryptocurrencies and that part of this income will be converted into Bitcoin to incorporate it into its treasury.
The market begins the day with a selective capital reassignment: Bitcoin remains consolidated, Ethereum and XRP settle with stability, and Cronos emerges with strong technical momentum due to institutional backing.
Bitcoin ($BTC ) stabilizes near 113,000 dollars, robust against recovery after falling from higher levels. Technically, if it consolidates above 112,000 dollars, it could pave the way to test 115,000 dollars again. Immediate support is located around 109,000 as a critical point to maintain market bottom.
Ethereum ($ETH ) is showing a slight correction, trading near 4,570 dollars, after a slight increase of 0.1%. Institutional demand remains active and could act as a stabilizing force towards higher levels around 4,600–4,700 dollars.
#XRP maintains its price around 3 dollars, with no significant changes since yesterday. This behavior reflects caution, although regulatory support remains favorable, which could provide stable technical support.
#Cronos (CRO) continues its exceptional rally, accumulating an intraday increase of over 60%. Driven by the creation of a 6.4 billion dollar treasury, CRO reaches levels above 0.34–0.35 dollars, registering its largest rally since 2022. Its technical structure is clearly in bullish momentum with resistance in the 0.36 dollar zone, while a sustainable close above could trigger new purchases towards 0.50 dollars.
The cryptocurrency market reflects a significant technical shift: Bitcoin remains firm, Ethereum and XRP consolidate, and Cronos leads with strength driven by massive institutional backing. If the key supports in BTC and ETH hold, we could see a gradual reactivation across the market, while CRO could continue to attract attention if its rally sustains beyond initial speculation.
