Overview
- Bitcoin rose to as high as $75,800 after breaching long‑standing resistance near $74,000, with short covering and put‑hedge unwinds cited as the primary driver.
- Ether reclaimed the $2,200–$2,300 zone and traded near $2,330, with reports highlighting recent spot ETF inflows and large corporate accumulation supporting the rebound.
- XRP extended a breakout above the $1.426 ceiling to around $1.47, while Solana registered a first bullish SuperTrend signal since January.
- Institutional and corporate demand stayed in focus, including weeks of net inflows to U.S. spot bitcoin ETFs and MicroStrategy’s purchase of 22,337 BTC, alongside fresh funding for Metaplanet’s bitcoin strategy.
- Leverage remains elevated with sizable liquidation pockets noted in ETH and BTC derivatives, and traders are watching the Federal Reserve’s policy decision for the next market catalyst.