Zinger Key Points
- Global cryptocurrency market capitalization remains steady, down just 0.6% to $2.9 trillion.
- One trader sees Bitcoin above $80,000 as an accumulation zone, while another expects a rally if BTC flips $91,500.
- Markets are swinging wildly, but for Matt Maley, it's just another opportunity to trade. His clear, simple trade alerts have helped members lock in gains as high as 100% and 450%. Now, you can get his next trade signal—completely free.
Cryptocurrency markets are trading relatively flat on Tuesday as GameStop announced the acquisition of Bitcoin for its treasury.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $88,471.10 | +0.03% |
| Ethereum ETH/USD | $2,079.34 | -0.6% |
| Solana SOL/USD | $145.94 | +2% |
| XRP XRP/USD | $2.46 | -0.3% |
| Dogecoin DOGE/USD | $0.1910 | +1.6% |
| Shiba Inu SHIB/USD | $0.00001376 | +0.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 78% and daily active addresses growing by 30%. Transactions greater than $100,000 are up from 6,350 to 10,665 in a single day. Exchanges netflows are down by 792.4%.
- Coinglass data reports 81,429 traders were liquidated in the past 24 hours for $172.32 million.
- Crypto chart analyst Ali Martinez noted that more than 22,000 BTC were withdrawn from exchanges in the past week.
Notable Developments:
- Trump-Backed World Liberty Financial Confirms Dollar Stablecoin Plans With BitGo
- BlackRock Brings Tokenized Money Market Fund ‘BUIDL’ To Solana
- BlackRock Expands Bitcoin ETF Offering To Europe
- Peter Schiff Says Bitcoin Demand Fueled By Michael Saylor, Speculators Betting On Strategic Reserve
- Japan Set To Welcome First Legally-Backed Dollar Stablecoin: Find Out Which One It Is
- Strategy Aims For More Bitcoin With ‘Strife’ Stock: How Does It Work?
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Cronos CRO/USD | $0.1063 | +29.2% |
| Movement MOVE/USD | $0.5414 | +23.9% |
| Zcash ZEC/USD | $36.68 | +14.2% |
Trader Notes: Crypto trader Altcoin Sherpa predicts a breakout into the low $90,000s, signaling "we're so back," but warns of a potential dump afterward.
Daan Crypto Trades attributes Bitcoin's recent volatility to stock market movements, noting BTC's strong correlation with the S&P 500 (SPX).
CrypNuevo highlights Bitcoin's bounce from the 1W 50 EMA, calling it the likely bottom. A full recovery hinges on reclaiming $91,500, though a revisit to $82,000-$81,000 remains possible.
Santiment data shows Bitcoin having surged to around $88,350 after bottoming at around $77,500 two weeks ago. A key factor in the recovery has been whale accumulation, with wallets holding 100–10,000 BTC increasing. As usual, the market improves when whales step back in.
Stockmoney Lizards sees Bitcoin corrections as temporary, calling any price below $80,000 an accumulation opportunity, regardless of how long the recovery takes.
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