Bitcoin, Ethereum, XRP, Dogecoin Gain As $100,000 Threshold Grows Close

Cryptocurrency markets post solid gains amid rising optimism around a potential Federal Reserve rate cut in June.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 9.5% and daily active addresses growing by 9.7%. Transactions greater than $100,000 are up from 10,199 to 10,529 in a single day. Exchanges netflows are up by 326.9%.
• Coinglass data reports 76,834 traders were liquidated in the past 24 hours for $221.20 million.

Notable Developments:

• Crypto Wallet Fragmentation Grows: 62% Of Users Manage Multiple Wallets, Report Says
• Bondex Acquires Web3.Career To Build End-To-End Web3 Hiring Platform
• Bitcoin Breaks $96,000 Ahead Of ‘Pivotal Week’
• Staking Bitcoin Is A Thing? Yes, And Here’s How You Can Do It
• Sam Altman’s Crypto Project Unveils AI-Spotting Gizmo, Brings ‘World’ To The US
• El Salvador Committed To Buy Bitcoin Despite IMF Requirement, Says Minister— ‘Important Project’ Started By Nayib Bukele

Top Gainers:

Trader Notes: XForceGlobal sees Bitcoin gaining steady momentum, with recent pullbacks viewed as healthy within the broader trend.

While some anticipate a brief corrective wave before a new all-time highs, he notes it’s equally possible that BTC pushes straight to new highs without any major dip.

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Titan of Crypto reports that Bitcoin is breaking out of its consolidation range, appearing strong on the charts. A daily close above current resistance would confirm the breakout and could pave the way toward the $99,000 target.

TimelessBeing offers a more cautious view, noting Bitcoin is trading in an overextended range without meaningful follow-through, indicating either prolonged consolidation or a possible dip.

The current high shows signs of minor excess, and the price is entering a zone heavily populated with previous long entries. For bulls, holding the $95,000 level is crucial.

Daan Crypto Trades highlighted that Bitcoin closed April with a 14% monthly gain, despite a sharp dip early in the month following Liberation Day.

The recovery established a higher low, reinforcing bullish momentum and leaving BTC in a strong position heading into May.

Read Next: 

• Bitcoin Breaks $97,000: Could A ‘Synthetic Halving’ Power A Run To All-Time Highs?

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