๐๐๐๐๐๐๐๐๐๐๐๐ฅ๐ฅBITCOIN, ALTCOINS, MEMECOINS: WHY THE CRYPTO MARKET IS EXPLODING
Bitcoin leads the way: a 10% rise for crypto. The crypto market is experiencing a phase of widespread optimism this week, with positive performances observed across all segments. Bitcoin (BTC) recorded...
Bitcoin Leads the Way: Crypto Gains 10%
The crypto market is experiencing a phase of widespread optimism this week, with positive performance observed across all segments.
Bitcoin (BTC) has recorded an impressive increase of more than 10% over the past seven days, approaching the $96,000 mark. In its wake, major altcoins such as Ethereum (ETH), Solana (SOL), and XRP have also posted significant gains, while the memecoin sector exploded with gains of up to 21% this Friday.
Bitcoin closed the week with a high of $95,880, up more than 10% over the past seven days. This performance comes amid a particularly favorable environment, marked by a series of positive developments. Furthermore, the long/short ratio is at its lowest since the previous bear market, which gives us a healthier market for the future.
For example, the Japanese company Metaplanet acquired an additional 330 BTC this week, strengthening its position in the flagship cryptocurrency. This decision adds to a broader trend of institutional adoption, illustrated by the $3 billion in inflows recorded in US spot Bitcoin ETFs over the same period.
Trader interest in Bitcoin is also confirmed by the open interest in futures contracts, which exceeded $64 billion at the end of the week, according to data from Coinglass. This figure reflects sustained speculative activity and renewed confidence in the cryptocurrency's short-term outlook.
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