Current price: ~$104,400, down ~3% today after an intraday high above $108,800 .
Risks: Traders warn of a potential “rug pull” near the $104K mark if bulls fail to defend the level .
Outlook: Technicals remain mixed: if it holds above $105K, bulls may push toward ~$110K (or even $112K); but a break under ~$104K could lead to steeper losses . $BTC
Ethereum (ETH)
Price action: Down to ~$2,500–2,500, from a recent peak near $2,730 .
On‑chain indicators: Large wallet holders (1K–10K ETH) recently added $2.5 B) to their positions—suggesting confidence in long-term price potential . $ETH
Altcoins & Market Sentiment
Overall trend: Crypto market cap has declined ~4–6% in the last 24 hrs, hovering around $3.3 T .
Gainers: Tokens like HYPE (+28%) and Solana/Eggerlayer continue to move higher .
Technicals: Bitcoin’s breakout past $106K may pave the way to a new all-time high (~$111‐112K), though altcoins remain rang-bound
> “If price breaks below $105k, be prepared for a rug pull at $104k.” — Material Indicators on X
Crypto market dip from inflation worries:
> “Crypto market dips 1.79% as inflation worries grow, Bitcoin ($BTC ) and Ethereum ($ETH ) fall…” — Blockchain Reporter
Ethereum accumulation alert:
> “SharpLink just bought 176,271 ETH ($463M): now the largest public Ethereum holder.” — CryptoQuant.com
Bullish moonshots:
> “#Bitcoin to $250k by year end and says there will be no need for the dollar…” — CryptoBoomNews
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🔍 Summary & Near-Term Forecast
Asset Near-Term Outlook
Bitcoin Critical zone: $105K–$108K. Holding above supports bullish momentum; dropping below $104K may trigger a sharp pullback. Ethereum Support at ~$2,500; accumulation by large holders is a positive signal, but lack of breakout above $2,730 suggests consolidation. Altcoins Some like HYPE and SOL are rallying; most others remain flat as the market digests BTC/ETH moves.
Macro tailwinds like softening inflation and potential Fed rate cuts are helping buoy crypto. However, increased volatility means these gains are vulnerable to sudden reversals .
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🎯 What to Watch
BTC: Watch $104K–$105K support closely—if it breaks, deeper correction is likely.
ETH: Monitor large wallet activity and whether price holds near $2,500.
🚀 Crypto Market Booms: Bitcoin, Solana, and the Rise of Institutional Power–Crypto Manzil Analysis
The crypto market is once again proving its resilience. As of today, Bitcoin is confidently holding above $106,000, showing strength despite geopolitical jitters. Meanwhile, Solana (SOL) and the rising star Hyperliquid (HYPL) have surged up to 7%, signaling a fresh wave of investor optimism.
📈 The global crypto market cap has hit $3.31 trillion, marking a 0.87% increase in just 24 hours. This surge isn’t just about hype — it’s backed by growing interest from major institutions like BlackRock, JP Morgan, and Galaxy Digital.
In a recent interview, Galaxy Digital’s CEO emphasized the importance of stablecoins backed by U.S. Treasuries, calling them the “backbone of the future financial system.” This, combined with new U.S. legislation like the GENIUS and CLARITY bills, is making the crypto environment safer and more attractive for both retail and institutional investors.
🔍 Why This Matters:
Bitcoin is pushing closer to its all-time high of $111,891
Institutions are bringing credibility and liquidity to the space
Regulatory clarity is making crypto investment safer than ever
At Crypto Manzil, we believe this is just the beginning. The market isn’t just recovering — it’s evolving. With utility-driven tokens gaining traction and institutional adoption accelerating, the next bull run may not be far.
Stay tuned, stay sharp, and always DYOR. 🌍 Crypto is not just a trend — it’s a revolution in progress. $SOL $BTC ---
📢 Written by Crypto Manzil — Your Urdu + Global voice in the world of digital finance.