Altcoins

Bitcoin surged over 3% yesterday, its best day in six weeks, climbing past $91,000 and suggesting the recent downturn may have ended. Altcoins followed the rally, with Kaspa, known as ‘Bitcoin 2.0’, leading the top 100 with a 17% surge.

Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.

The crypto market shows slight gains with a total cap above $3 trillion, but Bitcoin remains volatile and down 30% from its October peak. Analysts are split on whether the recent dip was the bottom or if further declines are likely.

Bitcoin’s price showed resilience after a minor dip, with buyers defending the $86,000 level. The market is now focused on the upcoming US PCE inflation data for further direction.

BitMine Immersion Technologies has purchased an additional €170 million worth of Ethereum, solidifying its position as the largest corporate holder with 3% of the total supply. While the price saw a short-term bump, analysts remain divided on ETH’s near-term trajectory.

Bitcoin rallied over the weekend after a steep drop, but a CME gap suggests a potential short-term dip. Altcoins also posted gains.

While the broader crypto market struggles, privacy-focused coins like Monero (XMR) and Zcash (ZEC) are posting significant gains. Renewed exchange listings and growing demand for financial anonymity are fueling their rally.

Learn to identify red flags in crypto projects, such as unrealistic returns and anonymous teams. The article highlights recent scams and failures to emphasize the importance of due diligence for investors.

While Bitcoin and other major cryptocurrencies tumbled, a free grid trading bot on OKX generated a 106% profit on 1INCH for Dutch users, highlighting the potential of automated strategies in volatile markets.

Bitcoin’s price shows a modest recovery, up several percent from its 24-hour low, but analysts caution that the bottom may not yet be in. The RSI indicates oversold conditions, and the market awaits a decisive move.