The crypto market is roaring back to life, with Bitcoin ($BTC ) leading the charge above $90,000—a 23% surge from its April low—while altcoins like Solana ($SOL ) and meme coins also post strong gains. Here’s the latest on the rebound and what’s driving the rally.
🔥 Bitcoin’s Breakout: Decoupling From Stocks, Acting Like Gold
BTC surged past $91,000, its highest since early March, as investors treat it more like a safe-haven asset (similar to gold) rather than a tech stock 112.
Key drivers:
Dollar weakness (Bloomberg Dollar Index near 2023 lows).
Fed uncertainty (Trump’s criticism of Powell fuels rate-cut bets).
Strategic Bitcoin Reserve (SBR) hype—Trump’s 60-day review deadline nears 19.
📈 Altcoins Riding the Wave
While Bitcoin dominates headlines, other cryptos are rebounding too:
Solana (SOL): Up 35% since early April, nearing $250 resistance.
Ethereum ($ETH ): Gaining momentum ahead of ETF approval rumors.
Meme coins (DOGE, SHIB): Bouncing back with double-digit gains as risk appetite returns 1113.
⚠️ Caution Ahead: Mixed Signals in Derivatives
Futures markets show bullish CME basis at 3-month highs, but perpetual funding rates remain negative, suggesting short-term traders are still skeptical 1.
Options activity spikes, with traders betting on 100KBTC∗∗butalsohedgingwith∗∗100KBTC∗∗butalsohedgingwith∗∗70K puts 112.
💡 What’s Next?
If BTC holds above 90K∗∗,nexttargetsare∗∗90K∗∗,nexttargetsare∗∗93K–$96K (key Fibonacci levels) 14.
Altcoin season? SOL, ETH, and others could see extended rallies if Bitcoin stabilizes.
Watch for:
Fed rate decisions (any dovish hints = crypto bullish).
SBR updates (Trump’s Bitcoin reserve plan due soon).
Bottom Line: Crypto is back in the green, but volatility remains high. Trade wisely! 🌟
Want deeper analysis? Check our full market report here.
