Zinger Key Points
- Global cryptocurrency market cap jumps 3%, hitting $3.5 trillion.
- Traders signal the start of Bitcoin’s final major leg up, with Ethereum, Solana, XRP, and Dogecoin showing bullish breakouts.
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Cryptocurrency markets are trading higher on Thursday morning, with Bitcoin consolidating below its new all-time high at $112,000.
Cryptocurrency | Ticker | Price |
Bitcoin | BTC/USD | $111,184.73 |
Ethereum | ETH/USD | $2,781.84 |
Solana | SOL/USD | $157.46 |
XRP | XRP/USD | $2.44 |
Dogecoin | DOGE/USD | $0.1808 |
Shiba Inu | SHIB/USD | $0.00001251 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 7.2% and 99.6%, respectively. Daily active addresses dropped by 2% and 3.7%, respectively.
- Coinglass data shows 123,505 traders were liquidated in the past 24 hours for $547.91 million.
- SoSoValue data shows net inflows of $218 million into spot Bitcoin ETFs on Wednesday, while spot Ethereum ETFs saw net inflows of $211.3 million.
Trader Notes: Crypto trader Jelle Jelle called the current Bitcoin move a "rare and significant breakthrough," suggesting this marks the start of Bitcoin's final major leg higher in the current cycle.
Bitcoinsensus confirmed the breakout from a bull flag pattern on BTC's daily chart, highlighting strong upward momentum with a projected target of $136,000 if the move sustains.
For Ethereum, Michael van de Poppe believes $2,400 is holding firm as support. He expects a brief pullback before a climb toward $3,000.
XRP is showing bullish momentum. Altcoin Gordon said the wedge structure has broken, signaling that "the pump is about to come."
Solana broke past a key resistance level, according to Ali Martinez, who now sets a near-term target of $164.
As for Dogecoin, Degen Hardy noted shorts are under pressure and liquidity is stacking to the upside. If current momentum holds, a breakout appears imminent.
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