The crypto market surged in the past 24 hours, with Bitcoin climbing, altcoins rallying, and meme coins fueling speculation. Regulatory shifts and macroeconomic catalysts drove momentum. Here’s a daily market recap of key developments.
Daily Market Snapshot
- Bitcoin (BTC): Rose 4.2% to ~$105,000, driven by pro-crypto SEC signals and the U.S.-UK trade deal. The Fear & Greed Index at 73 reflects cautious optimism.
- Ethereum (ETH): Jumped 10.35% to $2,716, leading altcoin gains, boosted by Pectra upgrade momentum and a projected $10,000 target this cycle.
- Meme Coins: MOODENG, PIPPIN, Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB) dominated trading. PEPE and DOGE led futures gains, with SHIB nearing $0.0000217 resistance.
Meme Coin Highlights
- $LAUNCHCOIN: Launch Coin on Believe is transforming the Web3 landscape as the core token of the Believe App, a SocialFi platform on Solana
- $INTEL: Intel Protocol emerges as a pioneering platform that integrates artificial intelligence (AI) to redefine intelligent blockchain management.
- $CTD: Chain Talk Daily is a project revolutionizing blockchain education by making complex concepts accessible and engaging, particularly within the BNB Smart Chain (BSC) ecosystem, led by the charismatic voices of industry pioneers Changpeng Zhao (CZ) and He Yi.
Top Developments
- SEC’s Pro-Crypto Pivot: SEC Chair Paul Atkins outlined a “new era” for crypto regulation, lifting sentiment for XRP and ETH.
- U.S.-UK Trade Deal: Trump’s trade agreement pushed BTC above $100,000, marking its first break since February.
- ETF Inflows: U.S. crypto ETFs, led by BlackRock’s IBIT, saw strong inflows, contributing to market bullishness.
- Liquidations: $642 million in short positions were liquidated, reinforcing upward momentum for BTC and altcoins.
Key Coin Updates
- XRP: Surged 10.53% to $2.59, overtaking Tether as the third-largest coin, with ETF prospects fueling growth.
- Sui (SUI): Gained traction with new projects, positioning as a Solana rival.
- Cardano (ADA): Rose with whale accumulation and Grayscale support.
The crypto market is gaining strong momentum, fueled by regulatory optimism and major macro events. As Bitcoin nears new highs and altcoins thrive, investors should stay informed and act strategically.
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