Bitcoin surged to a new all-time high above $126,000, driven by significant institutional inflows and its growing 'digital gold' narrative, with IBIT generating over $244 million in annual revenue. Ethereum saw the launch of Grayscale's first Ether staking ETP, signaling increased institutional adoption and pushing price targets towards $7,331. XRP is under close observation for a potential bullish breakout towards $3.15, while Dogecoin experienced a 6% surge amid whale activity.
Key Developments
- Bitcoin (BTC) reached a new all-time high above $126,000, fueled by strong institutional interest and ETF performance.
- Grayscale launched the first Ether (ETH) staking ETP, marking a significant step for institutional Ethereum products.
- India announced plans to roll out an RBI-backed digital currency, prioritizing state-guaranteed CBDCs over 'unbacked' cryptocurrencies.
- XRP is being closely watched for a potential price breakout, with analysts citing Fedwire & SWIFT upgrades as catalysts.
- The Abracadabra DeFi platform experienced a $1.8 million exploit involving its MIM stablecoin.
Next 6 Hour Outlook
The market is likely to continue monitoring Bitcoin's price action and institutional inflows, while developments around Ethereum's ETPs and XRP's speculative movements will remain key focal points.
Top Tickers
BTC
ETH
XRP
DOGE