Bitcoin rallied to an almost eight-month high as institutional interest surged, while crude oil prices fell below $100 and Treasury yields slipped below 5%.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $85,996.27
Ethereum (CRYPTO: ETH) $2,748.30
Solana (CRYPTO: SOL) $117.42
XRP (CRYPTO: XRP) $1.51
Dogecoin (CRYPTO: DOGE) $0.09882
Shiba Inu (CRYPTO: SHIB) $0.055937

Notable Statistics:

  • Coinglass data shows 130,362 traders were liquidated in the past 24 hours for $928.11 million.       
  • SoSoValue data shows net inflows of $433 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $143.8 million.
  • In the past 24 hours, top gainers include Bitway, Pepe and Dogecoin.

Notable Developments:

Trader Notes:

Heavily followed crypto trader CrediBULL Crypto said Bitcoin is now pushing into higher-timeframe resistance, raising the risk of a short- to medium-term pullback.

He said such a move could still form a higher low above $60,000 before BTC resumes toward $100,000-plus, while consolidation could give altcoins room to rally.

Jelle noted Bitcoin’s higher high signals the start of a new bull market, with a weekly close at $83,000 or above providing further confirmation.

He believes traders now face a choice between buying immediately, waiting for confirmation or hoping for a better entry on a pullback.

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