The cryptocurrency markets are experiencing strong activity at the beginning of the week, driven by institutional flows and increasing technical momentum across several major currencies. Here are the highlights of what's happening in the market:
Bitcoin continues to stabilize above $94,000
Bitcoin has stabilized at levels exceeding $94,000, supported by massive inflows from institutional investment funds, with weekly inflows exceeding $3 billion. Analysts believe that a breakout above $95,000 could push the price toward the $97,000 barrier in the coming days.
XRP is nearing a historic breakout
XRP has recorded a 9% increase over the past two weeks and is currently trading near $2.19. It is expected to continue its rise by up to 20% to reach $2.51, especially as it approaches a significant technical resistance area.
Ethereum and Solana: Notable technical expansion
Both Ethereum and Solana have seen notable technical developments, contributing to increased trading volume and higher interest in the two networks. New projects and DApp platforms are enhancing the position of these currencies in the market.
Coinbase launches a new Bitcoin fund
Coinbase has announced the launch of a new investment fund aimed at achieving an annual return of between 4% and 8% through investment in Bitcoin, reflecting the trend of platforms towards providing more flexible investment tools for institutions and individual investors.
Nexo's return to the US market
Nexo, a company specializing in cryptocurrency lending services, has announced its return to the US market, benefiting from the pro-cryptocurrency policies adopted by former President Donald Trump, which brings attention back to the political influence on market trends.
Conclusion:
The cryptocurrency market continues to show positive indicators, and it seems that investors are approaching the upcoming phase with caution and optimism. The market remains sensitive to technical and political factors, making daily monitoring essential for investors.
