Analysis of the Five Major Currencies
Bitcoin
Price 84857 USD Change +0.9%
Bitcoin is above 84 thousand and is playing in a narrow range, which indicates accumulation happening from large entities, and there are open options contracts at 90 and 100 thousand, meaning large investors see the price going higher, but the market still needs a push… either from a major economic news or a breakthrough in liquidity.
Ethereum $ETH
Price: 1580 USD Change +0.3%
Ethereum is still trying to get out of the bottleneck, but the price is stable.
The improvements happening on the network are very strong. Any news about speeding up transactions or reducing gas fees could trigger a movement.
Binance $BNB
Price: 588.88 USD Change +0.9%
A strong currency away from the noise, Binance is expanding its services in Asia and Latin America, translating to trust in the currency. If the market takes a breath of BNB's rise, it could break the 600 barrier and build on it.
Ripple $XRP
Price: 2.068 USD Change -0.76%
XRP has started to drop again after a slight rise, but the big picture remains stable.
Positive news might push it to the 3 dollar range.
Solana $ Today's Champion Uncontested
Price: 134.68 USD Change: +2.6% after a 4% rise.
Solana SOL has proven to be a project that adopts step-by-step new funds in Canada that opened the door for institutions to enter, and the important thing is that the funds have staking, meaning long-term investment.
Coinbase released updates that reduce fees and make the network faster.