Daily Crypto Signals: Bitcoin Hovers Near Record Highs, Ethereum Tests Key Resistance as Institutional Interest Surges
Bitcoin maintains strength above $107,000 amid geopolitical tensions and Middle East conflicts, while Ethereum consolidates between $2,400
Quick overview
- Bitcoin remains strong above $107,000 despite geopolitical tensions, with institutional inflows of $1.3 billion reported.
- Ethereum is consolidating between $2,400 and $2,800, with significant institutional interest in staking solutions leading to $583 million in inflows.
- Major exchanges Coinbase and Gemini are pursuing EU licenses under new MiCA regulations, enhancing their global presence.
- XRP, Sui, and Hyperliquid show renewed strength with notable inflows, while Solana and BNB continue to consolidate within established ranges.
Bitcoin BTC/USD maintains strength above $107,000 amid geopolitical tensions and Middle East conflicts, while Ethereum ETH/USD consolidates between $2,400-$2,800 as institutional demand for staking solutions grows. Crypto investment funds recorded $1.9 billion in weekly inflows, with major exchanges Coinbase and Gemini pursuing European Union licenses under new MiCA regulations.
Crypto Market Developments
This week, the cryptocurrency market held up well even though tensions were rising in the Middle East. For the ninth week in a row, global crypto exchange-traded products (ETPs) saw inflows of $1.9 billion, extending the overall inflow streak to $12.9 billion. This momentum boosted the entire amount of money that has come in this year to a record $13.2 billion, and the total amount of assets under administration to $179 billion.
Under new rules, major bitcoin exchanges are growing their global presence. It has been rumored that Coinbase and Gemini will soon get licenses to do business in the European Union under the Markets in Crypto-Assets (MiCA) rules. Malta is likely to give Gemini the go light, while Coinbase is trying to get its license through Luxembourg. This adjustment comes after similar improvements made by other big exchanges. Bybit recently got regulatory permission through Austria, and Binance recently changed its procedures in Poland to meet MiCA criteria.
As institutions look for ways to get into crypto that are legal, the rules keep changing. The European Securities and Markets Authority gave EU member states final guidance in December 2024, and the MiCA rules went into full force. This made it easier for crypto businesses to operate in the region.
Bitcoin Holds Above $107,000
Bitcoin has a lot of momentum and was trading above $107,000, which is close to its all-time high of almost $112,000. Despite rising tensions in the Middle East, the digital asset held its ground. Reports say that President Trump asked the National Security Council to be ready in the White House Situation Room.
Investment data shows that institutions still have faith in Bitcoin. After two weeks of small outflows, investment products saw $1.3 billion in weekly inflows. Along with this rise, there were small inflows of $3.7 million into short-Bitcoin products. However, the total amount of money they managed was still minimal at $96 million.
Technical analysis shows that Bitcoin has found firm support above the $100,000 level and is still in the range-bound channel it created in early May. Bitcoin’s price dropped by $2,000 for a short time because of geopolitical events, but it rapidly bounced back, showing that the market is strong. If Bitcoin stays over $95,000, analysts think it might reach targets of $116,000 to $120,000.
The story of institutional acceptance got even stronger when Michael Saylor of Strategy apparently helped Pakistan with its national crypto strategy. Saylor’s company has the most Bitcoin of any public corporation, with 582,000 BTC worth more than $61 billion. This is a model for how institutions might use Bitcoin.
Ethereum Trading Above $2,500
Ethereum is still in its consolidation period, trading between $2,400 and $2,800 as it tries to break through important resistance levels. Even though ETH is down 24% this year and is not doing as well as Bitcoin, institutional interest in Ethereum staking solutions is growing quickly.
Last week, $583 million flowed into Ethereum products, the most since February. This keeps the asset’s strong inflow trend going. This desire from institutions is backed up by the growing need for liquid staking solutions. Lido Staked ETH (stETH) makes up 27% of all staked Ether.
The institutional staking scene is growing quickly. Komainu, a regulated digital asset custody service, has started offering custody support for stETH in Dubai, UAE, and Jersey. These custody solutions deal with typical institutional worries about capital lock-ups and complicated custody arrangements while also making sure that the funds are always available and following the rules.
Ethereum whales showed they were confident when wallets holding between 1,000 and 10,000 ETH added up to approximately 818,410 ETH (about $2.5 billion) in one day. approximately the past year, their total holdings went from 11.9 million ETH to 16 million ETH. The Beacon Chain recently hit a new all-time high for the amount of Ether staked. This shows that more people are using the network’s proof-of-stake consensus process.
Top Altcoins to Watch Today
- XRP XRP/USD showed renewed strength with investment products recording $11.8 million in inflows after three weeks of outflows. The asset continues to trade within its established $2.00-$2.65 range, with technical indicators suggesting potential for a breakout above $2.65 that could target the $3.00 level.
- Sui (SUI) maintained its positive momentum with investment products seeing an additional $3.5 million in inflows. The asset has demonstrated consistent growth patterns and continues to attract institutional attention among newer blockchain protocols.
- Hyperliquid (HYPE) emerged as a standout performer, resuming its uptrend after breaking above the $44 resistance level. Technical analysis suggests potential targets toward $50, with the asset invalidating previous negative divergence signals and reasserting bullish momentum.
- Solana SOL/USD remains range-bound between $140 and $185, with solid buying support demonstrated at the $140 level. The next significant move is expected on a decisive break above $185 or below $140, with potential targets at $210-$220 on the upside.
- BNB BNB/USD continues consolidating within its $634-$693 range, with buyers attempting to push above the 20-day exponential moving average. A sustained break above $693 could target the $732 level, while downside support remains at $634.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
