🔜📈 Short-to-Mid Term: Momentum is strong and positive 💪✨ — with price breakouts 💥, regulatory tailwinds 📜💨, and ETF inflows 📊🚀 boosting the rally. However, short-term volatility remains high ⚠️📉📈.
🧐 Who’s Cashing Out of #Bitcoin at Record Highs Over $120K? 🚀 #BTC soared past $124K earlier today, hitting new all-time highs — but 📉 the hype faded fast, following the same trend we’ve seen since mid-July.
Ethereum (ETH) has surged more than 8% in the last 24 hours and is trading at approximately $4,636, having touched near $4,700 briefly.
Interestingly, on-chain contract holdings are close to all-time lows, which indicates that the upsurge is being fueled by spot market demand instead of long-term holders.$ETH $BNB $XRP
Ethereum update: Ethereum is also doing well, consolidating after a multi-year high.
The total cryptocurrency market cap has hit a record high of about $4.13 trillion, signaling that there is overall optimism in the markets. $ETH $BTC $XRP
Bitcoin update: The price of bitcoin has surged, trading at almost $122K and nearing its all time high of about $123K. Part of this rally has been driven by a recent U.S. executive order permitting cryptocurrencies to be included in 401K retirement plans. $BTC $ETH $BNB
Output Ethereum experiences a surge, rising 50% in a month with inflows from ETFs and hedge funds leading the charge. It also hit a 44-month peak, showcasing solid market optimism.
🚀🚀🚀Institutional ETH accumulation and a recovering market have taken Ethereum to a new high of 4,000,itspeaksinceQ42024.HeavyETHpurchasesfrominstitutionsandETHactivismviastakinghaveseizedabout4.2 million Ethereum. $ETH $BTC $XRP
Responsible Moves for Short-Term Cryptocurrencies $SOL $BTC $ETH
Monitor real-time metrics: Check out the price charts alongside the trading volumes and the depth of the order book. Avoid focusing on the swarming headlines.
Listen for important news and regulations: New news can change the market sentiment in no time at all.
Project confidence: If trading is your venture of choice, practice confidence measures. Set your stop loss at a defined level, and only use what you can afford to lose in your investment.
Project rationale: The more clear a project is in its use and its ability to be adopted, the more rational the project appears in the long run. Such projects can bring persistent value over time.
On Binance Square, the spotlight is currently on several trending cryptocurrencies, including Sui (SUI), Dogecoin (DOGE), Just a Chill Guy (CHILLGUY), Degen (DEGEN), Bonk (BONK), SushiSwap (SUSHI), and Ethereum (ETH). These tokens have seen notable gains over the past 24 hours, with Ethereum up by around 4%, while CHILLGUY leads the pack with an impressive surge of up to 50%.
ED Freezes ₹42.8 Crore in Assets Linked to Convicted Crypto Fraudster Chirag Tomar
India’s Enforcement Directorate (ED) has frozen assets worth ₹42.8 crore (approximately $4.8 million) belonging to Chirag Tomar, a key figure in a major international crypto fraud case. Tomar is currently serving a five-year prison sentence in the United States for orchestrating a phishing scheme that defrauded investors of nearly $20 million using counterfeit versions of the Coinbase website.
The ED announced on Tuesday that it has seized 18 properties located in Delhi, along with associated bank accounts tied to Tomar’s laundering network. Authorities revealed that his operation funneled approximately ₹600 crore (around $72 million) through various channels before converting the funds into Indian rupees.
The scam involved fake Coinbase websites designed to harvest login credentials. Victims were tricked into contacting fraudulent custo mer support numbers, where sensitive data was extracted and used to drain crypto wallets. Proceeds were used to finance Tomar’s luxury lifestyle and international travel.
Tomar was arrested in December 2023 upon re-entry into the U.S. and was sentenced in October 2024. The ED’s probe remains active, and further enforcement actions are anticipated.
Sudhakar Lakshmanaraja, founder of Digital South Trust, commented, “This case highlights the growing sophistication of crypto crimes, but also demonstrates that global law enforcement is catching up. Fraudsters will be held accountable.”
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XRP Outperforms as Bitcoin Approaches $115K; Market Sentiment Hit by Trump Tariff Concerns, Fed Caution
XRP led the crypto market's gains even as broader sentiment cooled. Bitcoin hovered near the $115,000 mark, but momentum slowed amid renewed worries over former President Trump's tariff proposals and the Federal Reserve's reluctance to ease interest rates. “The pullback came as traders reacted to Trump's tough trade stance and the Fed’s clear signal that rate cuts aren’t on the table just yet,” one trader noted.$BTC $XRP $BNB