1. Bitcoin (BTC) Holds Steady Above $70K
- Bitcoin is trading at $70,500, showing resilience despite recent volatility.
- Analysts suggest institutional demand from spot Bitcoin ETFs continues to support the price.
- Key resistance levels to watch: $72K (all-time high retest).
2. Ethereum (ETH) Eyes $4,000 as ETF Approval Nears
- Ethereum is up 3% today, trading at $3,850.
- Optimism grows as the SEC’s final decision on spot Ethereum ETFs is expected this month.
- Major altcoins like $SOL , $ADA , and $XRP are also gaining momentum.
3. Meme Coins Surge:$PEPE, $WIF, and $BONK Rally
$Pepe (PEPE) hits a new all-time high, up 25% in 24 hours.
Dogwifhat ($WIF) and $Bonk ($BONK) also see double-digit gains amid renewed retail interest.
4. Regulatory Updates: SEC vs. Binance Case Developments
- The SEC’s lawsuit against Binance continues, with new filings suggesting a possible settlement.
- Binance’s native token, $BNB, remains stable at $620.
5. DeFi & Layer 2 Growth
Arbitrum (ARB) and Optimism (OP) see increased activity as Ethereum gas fees rise.
Total Value Locked (TVL) in $DeFi crosses $100B for the first time since 2022.
6. Macro Factors Influencing Crypto The U.S. jobs report due Friday) could impact Fed rate cut expectations, affecting crypto markets.
Goldman Sachs predicts Bitcoin could hit $100K by year-end if macro conditions improve.
Market Snapshot (Top Movers)
$BTC:$70,500 (+1.5%)
$ETH:$3,850 (+3%)
$SOL:$180 (+5%)
$PEPE: $0.000015 (+25%)
$BNB:$620 (+2%)
