Zinger Key Points
- Global crypto market cap rises 3.3% to $3.4 trillion, with BTC dominance increasing to 63.6%.
- Traders identify $2,575 as a critical support for Ethereum, while Bitcoin must clear resistance before Q3 to sustain momentum.
- 9 Out of the Last 10 Summers this "Power Pattern" Delivered Winners - Get The Details Now.
Cryptocurrencies are surging on Tuesday morning, with Bitcoin briefly tapping the $110,000 mark.
Optimism is being fueled by institutional accumulation and a fresh wave of regulatory clarity from the joint U.S. SEC and CFTC statement, boosting investor confidence.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $109,525.03 | +1.9% |
| Ethereum ETH/USD | $2,714.58 | +7% |
| Solana SOL/USD | $158.01 | +1.4% |
| XRP XRP/USD | $2.27 | +0.9% |
| Dogecoin DOGE/USD | $0.1912 | +3.1% |
| Shiba Inu SHIB/USD | $0.00001301 | +2.4% |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increased by 54.8% and 164.1% respectively. Daily active addresses are up by 17.9% and 8%. BTC's exchange netflows are down by 241.9%.
- Coinglass data shows 102,059 traders were liquidated in the past 24 hours for $408.36 million.
- SoSoValue data shows net outflows of $386.3 million into spot Bitcoin ETFs while Spot Ethereum ETFs saw net inflows of $52.7 million.
Trader Notes: Carl Moon, founder of a popular crypto show, warned that Bitcoin must break key resistance before the start of Q3, or risk stagnating throughout summer.
Crypto Seth pointed to a recent short squeeze as a positive development but urged caution. He expects an all-time high is on the horizon but reminds traders to apply stop-loss discipline due to potential pullbacks.
While Ethereum is heading into key resistance, crypto trader Jelle predicts a break above $3,000 to trigger an altcoin run. Michael van de Poppe believes Ethereum is building up for a breakout after its strong consolidation of more than a month. He marks $2,575 as key area to hold and breaking the resistance at $2,800 will see the next leg to $3,400-3,500.
Crypto chart analyst Ali Martinez predicts a break above $200 for Solana could trigger a 5x to 10x bull run.
DefiVillain argues that XRP may have already topped forever, dismissing further upside potential.
Trader Tardigrade highlights a break above key resistance, along with an imminent MACD bullish crossover, both signaling strong upside momentum.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
