Bitcoin Eyes $125K Target
Here are the top crypto stories from the last 24 hours:
1. š§ CFX (Conflux) Explodes +40% on Conflux 3.0 Launch
The CFX/USDT pair surged about 40% in the past 24 hours following the release of Conflux Network 3.0.
2. Binance Coin (BNB) Breaks Resistance
BNB has overcome key technical resistance levels, gaining ground alongside growth in decentralized exchanges.
3. Ethereum Hits $3,700ā3,800
ETH climbed roughly 4.35% to $3,704 in the past 24 hours and is now trading as high as $3,800āits strongest monthly rise (~45%) since December 2024.
4. Bitcoin Eyes $125K Target
Analysts are predicting a strong upside for Bitcoin, with one trader citing a potential move toward a $125,000 target amid ongoing momentum.
5. Exchange Hacks: Indiaās CoinDCX & BigONE Hit
India's CoinDCX exchange lost over $40āÆmillion in a hack, but BTC prices stayed steady.
Seychelles-based BigONE was exploited for ~$27āÆmillion in cryptoābut assured users they'll cover losses fully.
6. Whale Flows: ETH & BTC Pressure
CryptoQuant notes a surge in BTC and ETH transfers to exchanges as both near record highsāan early sign of profit-taking.
7. Charles Schwab to Add Spot Crypto Trading
Schwab is set to allow spot trading of Bitcoin and Ethereum, expanding its services in line with regulatory movements like the GENIUS and CLARITY Acts.
8. Crypto Week Regulatory Push in U.S.
The U.S. House passed three major bills: GENIUS (stablecoin framework), CLARITY (defining SEC/CFTC roles), and Anti-CBDC. Only GENIUS is signed; the others are in progress.
š Market Insight
Ethereumās rally (~4.3% + surge to $3.8K) is supported by strong institutional demand, ETF inflows, and stablecoin legislative tailwinds.
Bitcoinās momentum remains robust, with analysts forecasting $125K, while recent whale activity suggests careful profit rotations.
Regulatory clarity via recent bills is backing market confidenceāespecially around stablecoins and crypto custody.