Here are some key updates in the crypto market:
## Recent Price Movements
- *Bitcoin (BTC)*: Surpassed $94,000, wiping out 166,000+ traders with a 10.2% increase against the US dollar. It's now ranked 5th among global assets, surpassing Google.
- *Litecoin*: Shows signs of a potential market rally with a rise in UTXOs, indicating increased investor activity.
- *XRP*: Outpaced altcoins against Bitcoin, with predictions of a potential rise to $3.20 if bullish indicators are confirmed.
- *TRUMP Token*: Saw a surge in buying activity after President Trump's gala invite, with one whale purchasing 278,196 tokens.
## Market Trends
- *Institutional Investment*: Bitcoin Spot ETFs recorded $963.55 million in inflows, with BlackRock and Fidelity fueling massive ETF inflows.
- *Derivatives Market*: Bitcoin derivatives saw 57,000 BTC inflows, with a rise in open interest signaling a market rally.
- *Whale Activity*: A Bitcoin whale transferred 800 BTC worth $74 million to Binance, while another whale ended a staking cycle with a $25 million loss.
## Other Developments
- *Metaplanet's Bitcoin Purchase*: Metaplanet surpassed 5,000 BTC after a $13.6 million purchase, advancing its 2025 target.
- *NFT Market*: CryptoPunks led NFT sales with $767,000, while Gaming NFTs showed strong engagement.
- *Regulatory Environment*: Countries are tightening crypto regulations, impacting investor sentiment and paving the way for long-term stability and adoption
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