Bitcoin is up 4% on Monday, attempting to reclaim $70,000 amid hopes of potential U.S.-Iran ceasefire.
Bitcoin ETFs saw $8.99 million in net inflows on Friday, while Ethereum ETFs reported $71.2 million in net inflows.
Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $69,492 |
| Ethereum | (CRYPTO: ETH) | $2,151.92 |
| Solana | (CRYPTO: SOL) | $82.46 |
| XRP | (CRYPTO: XRP) | $1.35 |
| Dogecoin | (CRYPTO: DOGE) | $0.09291 |
| Shiba Inu | (CRYPTO: SHIB) | $0.056036 |
Meme coin market capitalization jumped around 3% over the past 24 hours to $34.2 billion.
Trader Commentary:
Trader Michael van de Poppe said Bitcoin is showing strong momentum alongside rising volatility, possibly fueled by easing tensions around the Strait of Hormuz. A breakout above $71,000 could confirm a bullish move, with the next major resistance near $80,000.
Trader CryptosBatman noted Ethereum has broken out of an inverse head and shoulders pattern on the four-hour chart, signaling a potential trend reversal. Sustaining support along the trendline will be key for continuation.
Crypto chart analyst Ali Martinez said Dogecoin whales have accumulated more than 500 million DOGE since March 31 while the price remains range-bound, indicating stealth accumulation. A Bollinger Band squeeze is also forming, suggesting a significant volatility move may be approaching, likely setting up for a breakout.
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