Bitcoin and major cryptocurrencies extended their rally amid optimism surrounding the White House crypto meeting.
Notable Statistics:
- Coinglass data shows 150,510 traders were liquidated in the past 24 hours for $1.83 billion.
- SoSoValue data shows net inflows of $517.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $189.2 million.
- In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.
Notable Developments:
- Bitcoin Breaks $71,000 but Top Analyst Isn’t Impressed: ‘BTC Still Has a Little Bit To Prove’
- Bitcoin Cracks $72,000 Enters ‘the Early Stage Of the Bull Market’ With $82,000 Target, Analyst Says
- ‘Sell Bitcoin, Buy Gold,’ Says Peter Schiff: Bitcoin’s Rally Is a ‘Fakeout, Not a Breakout’
- Ethereum’s Target Is $4,000 or $10,000, Says Trader Who Predicted The Breakout
- Bitcoin Surges Above $71,000 as Raoul Pal Says It’s The ‘Bessent Put’ and ‘The Signal Is Enormous’
- Ripple CEO Garlinghouse Says Crypto Isn’t ‘Fringe’ After President Trump Declares US Is ‘Winning’
Trader Notes:
Trader Michael van de Poppe highlighted Bitcoin’s increased volatility is creating more trading opportunities, with potential longs around $70,300 to $70,800 and below $68,000 if a broader correction hits.
The trader remains bullish overall and expects more opportunities in altcoins.
ExitpumpBTC predicts Bitcoin could extend its rally toward $78,000 to $80,000, where the trader expects a meaningful rejection and consolidation.
However, the latest surge has strengthened their conviction that BTC is forming a bottom as its market structure improves.
Image: Shutterstock
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