The bullish santiment is prevailing within the Bitcoin market as we are witnessing major price surges across the board.
Bitcoin (BTC) has surged by around 2.4% in the past 24 hours and is currently priced at $66,250 and has a trading volume of around $37.5 billion. This past week BTC gained 4.9% and hit a market cap of $1.3 trillion.
The 1-day technical analysis from TradingView is looking very bullish – the summary shows “buy” at 15, the moving averages point to “strong buy” at 14, while oscillators remain “neutral” at 9.
Ethereum (ETH) also surged by almost 2% in the past 24 hours and 4.6% on the weekly chart, and has a volume of $17.5 billion.
Memecoins are experiencing a major uptrend as well, with the biggest gainers today being Shiba Inu (SHIB), Floki Inu (FLOKI), Pepe (PEPE).
SHIB soared 23.85% in the past 24 hours and 51% during the past week, FLOKI gained 20% today and 31.3% on the weekly. chart and PEPE surged by 17.5% in the past 24 hours and over 31% this week.
During the past day $160.1 million were liquidated from the crypto market ($53.99 million in longs and $106.11 million in shorts.)
The total market cap of all cryptocurrencies reached $2.33 trillion after gaining 2.5% in the past 24 hours and the volume peaked at $88.2 billion (+17.7%)
Ethereum is rapidly emerging as the institutional favorite, with new ETF inflow data suggesting a seismic shift in investor focus away from Bitcoin.
Ethereum (ETH) appears to be entering a breakout phase eerily reminiscent of its historic 2017 rally—but this time, the move is backed by deep institutional support and ETF inflows.
SUI, the native token of the Sui blockchain, is drawing attention following a major breakout on the charts—driven by surging total value locked (TVL) and growing anticipation around Bitcoin-native decentralized finance (BTCFi) infrastructure.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors, recently outlined his bullish stance on Ethereum, linking it directly to the rapid growth of the stablecoin sector.