Here is a 2-minute breakdown of everything important that happened in crypto today.
Bitcoin just dropped below $100K for the fifth time this week.
Those sell orders aren’t slowing down.
While Bitcoin is stumbling, something interesting is happening with Ethereum.
See, the market’s been so focused on Bitcoin’s six-figure dream that most people missed what’s happening on Ethereum’s charts. The patterns? They’re starting to look eerily similar to the ones we saw right before 2021’s massive run.
Ethereum needs a 24% weekly gain to hit its all-time high. Usually, that would sound ambitious. But with BlackRock injecting $500M into ETH holdings and institutional money flowing in, the numbers are starting to make sense.
Even the analysts who’ve been bearish since 2022 are changing their tune. They’re talking about “structural changes” and sustainable growth – words they don’t throw around lightly.
The really interesting part? The resistance levels between here and the all-time high are surprisingly thin. It’s like someone cleared the path while we weren’t looking.
So what’s actually going on in the crypto markets right now? Let me break down today’s biggest stories…
- PEPE coin flips Uniswap with an $11B market cap. So what’s pumping its price so high? 🤔
- Alt season signals are flashing – HBAR +99%, IOTA +79%, JASMY +72%. But what concerning signals is the perpetual futures market showing? đź“Š
- Ethereum ETFs hit a 10-day winning streak. What’s sparking such a huge interest in it now? đź’«
- Bitcoin keeps bouncing off $100K like it’s made of rubber. Here’s what’s causing this rigid resistance! 🔍
- Trump’s David Sacks steps in to battle “Operation Choke Point 2.0” as Coinbase shares evidence. What are they? ⚖️
Let’s dive in!
PEPE just accomplished something that seemed impossible a few months ago – it jumped over Uniswap in market value.
Pepe coin, which started as yet another meme token in 2023, now sits at an $11 billion market cap. That’s bigger than Uniswap’s UNI token, one of DeFi’s cornerstone projects.
The surge isn’t just a short-term spike either. Since January, Pepe’s value has multiplied 18 times, turning what many dismissed as a joke into a serious market player.
So what’s pumping its price so high? Read the full story!
The alts market is painting an interesting picture right now. Some tokens are going absolutely wild – Hedera jumped 99%, IOTA climbed 79%, and JasmyCoin shot up 72% since November.
Meanwhile, Bitcoin’s grip on the market is loosening. Its dominance dropped below 55% for the first time in months, sparking debates about whether we’re entering the alt-season territory.
But there’s a problem. The perpetual futures market is showing some concerning signals. What are they? Read the full story!
Ethereum ETFs just hit a milestone – 10 straight days of money flowing in, pushing the weekly total to a staggering $836.7 million.
Fidelity is leading the charge, with their Ethereum Fund pulling in $47.9 million in a single day. The total trading volume is hitting record after record, approaching $1 billion daily.
The timing couldn’t be more perfect. Ethereum just broke past $4,000, hitting levels we haven’t seen since March. And it’s not just the price – the NFT market is showing signs of life again, with top projects posting double-digit gains.
But remember when analysts were calling ETH ETF a gigantic failure just a few months ago? What’s sparking such a huge interest in it now? Read the full story!
Bitcoin crossed 100K again, only to fall back to 99K (again).
Back in 2011, you could buy a Bitcoin for just $1. Two years later, it hit $1,000, and people thought that was crazy. Now? We’re talking about six figures.
So what’s causing this rigid resistance? Read the full story!
David Sacks, Trump’s new AI and Crypto Czar, is stepping into a battle that’s been brewing beneath the surface of crypto regulations – the mysterious “Operation Choke Point 2.0.”
The story starts with Silvergate Bank’s collapse. Chris Lane, their former CTO, stated that the bank was perfectly solvent after FTX’s fall, but regulators systematically cut off their ability to serve crypto clients until they had no choice but to shut down.
Now Coinbase has entered the chat with some explosive evidence. What are they? Read the full story!
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