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Bitcoin dominance nears historic resistance, a level that previously triggered altcoin surges. A breakout or rejection is imminent. If history repeats, dominance rejection could fuel an altseason, shifting market sentiment toward alternative cryptocurrencies. A decisive move past resistance may signal continued Bitcoin strength, while failure could mark the start of another altcoin cycle.
Ali Martinez highlighted XRP forming a striking symmetrical triangle chart with a target of $15. XRP is currently attempting to flip the $2.75 price level into support before moving higher. Bloomberg analyst said that the SEC could acknowledge the Grayscale 19b-4 for a spot XRP ETF.
Bitcoin’s resilience suggests a changing view of inflation’s impact on digital assets. U.S. inflation exceeds forecasts, delaying Federal Reserve rate cut expectations. Powell signals cautious Fed stance as inflation concerns persist despite progress.
- 13:21Report: Bullish Momentum for Bitcoin Begins to FormMarket-related reports indicate that Bitcoin continues to demonstrate impressive resilience, having risen over 10% in the past week, outperforming traditional risk assets like the S&P 500. After weeks of volatility and low liquidity, Bitcoin has reclaimed the $94,000 range low—a critical sign, as it was this level that supported Bitcoin's rally to its all-time high in January. Furthermore, Bitcoin has now also risen back to the short-term holding cost basis, approximately $92,900, which is a key on-chain pivot point that typically distinguishes the drawdown phase from new bullish momentum. In addition to a positive market structure, margin indicators have also rebounded to 87.3%, indicating improved market health and investor profitability.
- 12:47U.S. Treasury Secretary: The First Trade Agreement May Be Reached as Early as This Week or NextU.S. Treasury Secretary stated that the first trade agreement could be reached as early as this week or next.
- 12:46El Salvador Bitcoin Office: Will Continue to "Stack" BTCDespite the International Monetary Fund's request for El Salvador to stop directly purchasing Bitcoin, the El Salvador Bitcoin Office posted on the X platform: "El Salvador will continue stacking, adding one Bitcoin a day to its strategic Bitcoin reserve, just watch...". Analysts believe that El Salvador's loan agreement with the International Monetary Fund only commits the country's fiscal department to not accumulate Bitcoin, but technically, the El Salvador Bitcoin Office operates beyond the "fiscal department" boundaries.