Bitcoin trades above $77,000 on Wednesday morning, supported by optimism following remarks from the SEC chair at the Bitcoin 2026 event.
Bitcoin ETFs saw $89.7 million in net outflows on Tuesday, while Ethereum ETFs reported $21.8 million in net outflows.
Cryptocurrency |
Ticker |
Price |
| Bitcoin | (CRYPTO: BTC) | $77,620.71 |
| Ethereum | (CRYPTO: ETH) | $2,334.55 |
| Solana | (CRYPTO: SOL) | $85.32 |
| XRP | (CRYPTO: XRP) | $1.39 |
| Dogecoin | (CRYPTO: DOGE) | $0.1100 |
| Shiba Inu | (CRYPTO: SHIB) | $0.056473 |
Meme coin market capitalization is down 2.8% to $37.8 billion over the past 24 hours.
Trader Commentary:
Trader Michael van de Poppe said Bitcoin is showing strength ahead of key macro events such as the FOMC decision and GDP data release, which often trigger pre-event dips. He noted the formation of higher highs and higher lows on lower timeframes, supporting a bullish outlook with a potential target between $85,000 and $88,000 in May.
CryptosBatman said Ethereum’s pennant pattern appears to have broken down, shifting the short-term trend to bearish. The asset is now retesting a key bullish trendline and a bearish fair value gap; failure to reclaim these levels could lead to a move toward lower lows.
Crypto chart analyst Ali Martinez said Solana is breaking out of a triangle pattern, signaling a potential move toward the $77 level if momentum continues.
Industry expert Sjuul noted Dogecoin may have ended its downtrend and is now consolidating. Such sideways structures often precede larger moves, suggesting a breakout could follow.
Image: Shutterstock
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