Bitcoin has remained steady at $97,000 over the past 24 hours, showing little movement while altcoins experience volatility.
The SEC’s approval of 19b-4 applications for Grayscale’s XRP and Dogecoin ETFs has sparked price increases, with XRP surging 12% and DOGE climbing 5%.
Analyst Valentin Fournier from BRN told CoinDesk that Bitcoin and altcoins are gaining bullish momentum, driven by regulatory developments and improving market conditions.
He highlighted that the SEC is now reviewing altcoin ETFs beyond XRP and DOGE, including Solana and Litecoin. If these products receive final approval, institutional access to altcoins could expand significantly, bringing more liquidity into the market. Fournier suggested that this could lay the groundwork for a potential altcoin rally later this year.
He also addressed the latest U.S. CPI and PPI data, which exceeded expectations, yet Bitcoin remained stable. According to him, BTC’s resilience in the face of inflation and clearer regulatory direction signals the possibility of a strong breakout in the coming weeks.
He maintains a bullish stance, advising investors to keep substantial exposure to digital assets, balancing Bitcoin and Ethereum by market cap.
A whale trader is navigating a precarious situation as their heavily leveraged PEPE position on Hyperliquid teeters on the brink of liquidation.
Cryptocurrency exchanges that introduce altcoins may find themselves trapped in an endless cycle of listing speculative tokens, particularly memecoins, warns Alex Leishman, CEO of River Financial.
As Bitcoin continues to recover from a significant decline, its price remains just below the $90,000 mark, struggling to break through the $88,000 resistance level as the first quarter of 2025 draws to a close.
CryptoQuant analyst Maartunn has highlighted an intriguing development that has added to the growing bearish sentiment in the cryptocurrency market: the sudden movement of 8,000 Bitcoin (BTC) that had been dormant for five to seven years.