Zinger Key Points
- Global cryptocurrency market capitalization is trading 2.5% higher to $2.99 trillion.
- One trader predicts the weekend to be choppy, with a push higher predicted for next week.
- Don't face extreme market conditions unprepared. Get the professional edge with Benzinga Pro's exclusive alerts, news advantage, and volatility tools at 60% off today.
Cryptocurrency markets are trading higher as whales continue an accumulation spree to fuel bullish momentum.
Cryptocurrency | Price | Gains +/- |
Bitcoin BTC/USD | $95,277.12 | +2% |
Ethereum ETH/USD | $1,799.22 | +2.2% |
Solana SOL/USD | $151.53 | -0.2% |
XRP XRP/USD | $2.19 | -0.4% |
Dogecoin DOGE/USD | $0.1815 | +0.6% |
Shiba Inu SHIB/USD | $0.00001387 | +2.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 22.1% and daily active addresses growing by 7.8%. Transactions greater than $100,000 are down from 11,905 to 10,849 in a single day. Exchanges netflows are down by 5,813.9%.
- Coinglass data reports 131,279 traders were liquidated in the past 24 hours for $291.56 million.
- Crypto chart analyst Ali Martinez noted that Bitcoin miners have earned more than $18.57 million in profits as prices raced ahead above $93,000.
Notable Developments:
- Bitcoin ETFs See $442M Daily Inflow As BTC Hovers Around $94,000
- Bitcoin Fundamentally Decoupled From US Tech Stocks, BlackRock’s Jay Jacobs Says
- Here’s Why Bitcoin Has Decoupled From Stocks According To Standard Chartered
- Shaq Agrees To ‘Amicable Proposed Resolution’ With FTX Investors, Terms To Remain Confidential
- TRUMP Meme Coin Surges 15% As Organizers Clarify Participation Rules For Gala Dinner
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Bitcoin SV BSV/USD | $45.31 | +47.7% |
Virtuals Protocol VIRTUAL/USD | $0.9258 | +24.8% |
Dogwifhat WIF/USD | $0.6327 | +16.3% |
Trader Notes: Crypto chart trader Jelle observed that Bitcoin surged straight into the $90,000–$94,000 range with no real pause.
If BTC manages to hold this zone through the end of the day, he expects weekend volatility, but believes the uptrend could carry into next week, citing strong bullish momentum.
Trader Degen Hardy is watching the $86,000–$88,000 zone as a possible long entry, noting it likely aligns with previous structural support or a key moving average.
He warns that a weekend dip to shake out weak hands is possible given thinner liquidity.
That said, if bulls maintain control, Bitcoin might either front-run the dip or simply continue grinding higher.
Elsewhere, Titan of Crypto noted that Bitcoin has hit the $95,000 target and now eyes $99,000 as the next key resistance.
However, he emphasizes the importance of holding above the prior monthly high, which BTC has just tapped, to confirm continued strength.
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