Bitcoin Holds $116,000, Ethereum Breaches $4,000, XRP Flashes Golden Cross – What's Next?

Cryptocurrency markets are trading higher, driven by high institutional and retail interest, supported by optimistic regulatory developments.

Notable Statistics:

• IntoTheBlock data shows Bitcoin and Ethereum large transactions decreased by 2.4% and grew 15.7%, respectively, in a single day. Daily active addresses decreased by 1.7% and increased by 1.3%, respectively.
• CoinGlass data shows 106,668 traders were liquidated in the past 24 hours for $332.89 million.   
• The top gainers/losers in the past 24 hours include Aerodrome Finance (CRYPTO: AERO), Pendle (CRYPTO: PENDLE) and Lido DAO (CRYPTO: LDO).

Notable Developments:

• Blockchain Meets The Stratosphere: World Mobile Launches High-Altitude Connectivity Aircraft With Protelindo
• Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So Here’s The Data
• Coinbase’s DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees
• Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law
• Block’s Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars
• Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure

Trader Notes: Altcoin Sherpa says BTC has hit a natural pause at the range equilibrium, with choppy lower-timeframe action. The bias remains for a move into the $120,000 in the short term.

Crypto Chase noted BTC is at a crucial support — bulls need to hold it or risk a deviation with liquidity below. Heading into the weekend, the plan is to exercise patience, watching for either a drop toward approximately $110,000 or a breakout above roughly $120,000.

Crypto chart analyst Ali Martinez highlighted that the MVRV ratio has just flashed a golden cross for XRP, a signal that previously preceded rallies of 630% and 54%.

Crypto General sees the Ethereum surge as planned. While short-term positions are booked, the next plan will come after a close above $4,000.

Read Next: 

• Every Bitcoin Crash ‘Looked Like The End’—How This Correction Stacks Up

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