Zinger Key Points
- Global cryptocurrency market capitalization is trading 0.9% higher to $2.77 trillion.
- One trader says breaking above $88,000 would be the trigger for another rally.
- China’s new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins for Matt Maley. Get the next trade alert free.
Cryptocurrency markets are surging ahead of a crucial tariff announcement by President Trump.
Cryptocurrency | Price | Gains +/- |
Bitcoin BTC/USD | $86,692.07 | +2% |
Ethereum ETH/USD | $1,912.93 | +0.2% |
Solana SOL/USD | $131.12 | +3.4% |
XRP XRP/USD | $2.15 | +0.8% |
Dogecoin DOGE/USD | $0.1740 | +1.2% |
Shiba Inu SHIB/USD | $0.00001268 | -0.04% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 18.6% and daily active addresses growing by 4.7%. Transactions greater than $100,000 are up from 10,147 to 10,387 in a single day. Exchanges netflows are down by 66.4%.
- Coinglass data reports 107,025 traders were liquidated in the past 24 hours for $236.01 million.
- Crypto chart analyst Ali Martinez noted that miners have sold 1,500 BTC, worth $127.5 million, in the past week.
Notable Developments:
- Strategic Bitcoin Embrace By US Could Trigger Global Crypto Policy Shift, Says Grayscale
- Circle’s Revenue Grows, But IPO Filing Shows Falling Profitability
- AVAX To Outperform Bitcoin, Ethereum, Reaching $250 By 2029: Standard Chartered
- Ripple’s Stablecoin Gains Momentum As Financial Institutions Embrace RLUSD For Cross-Border Payments
- Arthur Hayes Predicts Bitcoin To Hit $250,000 By End Of Year
Top Gainers:
Cryptocurrency | Price | Gains +/- |
EOS EOS/USD | $0.8226 | +20.4% |
Raydium RAY/USD | $2.04 | +12.7% |
DeXe DEXE/USD | $14.65 | +9.2% |
Trader Notes: Crypto investor Ted Pillows believes no new tariffs or threats could signal a bullish reversal, while new tariffs could mean continued downward momentum.
CrediBULL Crypto notes that Bitcoin’s local demand is holding, but the market remains choppy.
Michael van de Poppe sees a break above $87,000–$87,500 as the key trigger for BTC to enter price discovery, suggesting today "might be the day crypto finally takes off."
Meanwhile, crypto trader CrypNuevo highlights BTC remains trapped below $91,500 and needs a clean breakout to confirm bullish momentum.
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