Uncategorized

XRP derivatives activity has remained strong even as the cryptocurrency continues to struggle with price momentum.

According to data shared by Santiment on May 22, the XRP network recorded approximately 4,300 new wallet creations within 24 hours. The increase marked the fourth-largest spike in network growth recorded so far this year.

The surge occurred while XRP traded around $1.37, alongside elevated derivatives activity across major platforms including Binance and the Chicago Mercantile Exchange. Analysts are paying close attention because sharp increases in wallet growth often reflect rising trader interest before significant market moves.

Wallet Growth and Futures Activity Rise Together

Santiment described the latest jump in wallet creation as one of XRP’s strongest network expansion periods of 2026. The analytics platform added that network growth has historically served as one of the more reliable indicators for spotting potential market reversals.

The increase also coincided with heightened activity in XRP’s derivatives market. According to Arab Chain, open interest in XRP futures on Binance climbed to roughly $488 million this month, representing one of the highest levels recorded since March.

Open interest spent much of May steadily increasing, which analysts generally interpret as a sign that traders are opening more leveraged positions. However, rising open interest alone does not confirm whether traders are leaning bullish or bearish.

At the same time, exchange flow data shared by analyst Amr Taha showed XRP withdrawals on Binance accounting for 53% of transaction activity, compared with 47% for deposits. The previous time withdrawals reached similar levels was on April 10, when XRP traded around the same $1.34 price range.

Higher withdrawal activity can indicate that traders are moving assets away from exchanges rather than preparing them for immediate selling. While this may point to reduced short term selling pressure, it does not necessarily guarantee that a rally is about to begin.

XRP Price Performance Remains Weak

Despite rising network and trading activity, XRP’s price has remained relatively subdued. Data from CoinGecko showed the token slipping 0.3% over the past 24 hours after fluctuating between $1.35 and $1.38 during that period.

The asset is also down roughly 8% over the past week and nearly 5% over the last month. On a yearly basis, XRP has lost more than 43% of its value and remains over 62% below its July 2025 all time high of $3.65.

Institutional Demand for XRP Products Remains Strong

While XRP’s spot price has struggled, institutional participation in XRP related products has remained relatively stable.

As previously reported by CryptoPotato, CME’s XRP futures products generated nearly $63 billion in notional trading volume during their first year on the market.

CME introduced the XRP futures contracts in May 2025 through both standard and micro sized products tied to the XRP Dollar Reference Rate. Since launch, traders have exchanged approximately 1.32 million contracts, representing nearly 28.6 billion XRP in trading volume.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Another weekly crypto options expiry event is approaching as digital asset markets remain under pressure from continued selling activity.

Approximately 20,500 Bitcoin options contracts are set to expire on Friday, May 22, carrying a combined notional value of around $1.5 billion. Compared to previous expiries, the size of this week’s event is relatively modest, making it less likely to trigger major movements in spot markets.

The broader crypto market has struggled throughout the week, with nearly $50 billion wiped from total market capitalization as Bitcoin continues to lose momentum. Even positive developments across the industry have done little to improve investor sentiment amid persistent macroeconomic uncertainty.

Bitcoin Traders Increase Defensive Positioning

This week’s Bitcoin options contracts carry a put to call ratio of 0.69, indicating stronger positioning from traders expecting downside protection compared to bullish bets. According to Coinglass, the max pain level sits near $79,000, slightly above Bitcoin’s current market price, leaving some contracts at risk of expiring out of the money.

Open interest, which measures the number and value of active options contracts, remains heavily concentrated around the $80,000 strike price on Deribit, where roughly $1.65 billion in positions are held. At the same time, bearish traders continue to maintain approximately $1.2 billion in open interest at the $60,000 strike level.

Across all exchanges, total Bitcoin options open interest has continued climbing throughout the month and currently stands at around $37.6 billion, according to Coinglass.

Crypto derivatives platform Greeks Live noted that traders have been using the recent market rebound to establish more defensive positions heading into the final days of the month. The firm said market participants appear focused on protecting against additional pullbacks rather than preparing for a complete market collapse.

Greeks Live also pointed out that May and June have historically been viewed as difficult trading periods for crypto markets. During May, larger investors reportedly increased hedging activity by purchasing downside protection, selling margin calls near the market extremes, and managing exposure to reduce costs.

Ethereum Options Also Expire as Traders Await New Catalysts

Alongside Bitcoin, roughly 123,000 Ethereum options contracts are also expiring today, representing a notional value of approximately $263 million. Ethereum’s max pain level is currently around $2,200, while its put to call ratio stands at 1, signaling balanced positioning between bullish and bearish traders.

Total Ethereum options open interest across exchanges is estimated at around $6.9 billion.

According to Deribit, Ethereum market positioning has shifted significantly over the past week. The exchange noted that trader sentiment has moved from strongly bullish toward a more neutral stance as investors wait for fresh catalysts before making larger directional bets.

Crypto Market Remains Under Pressure

Crypto markets continued to weaken on Friday, with total market capitalization falling to around $2.67 trillion.

Bitcoin was unable to sustain momentum above the $78,000 level and dropped to an intraday low near $76,750 before posting a slight recovery during early trading hours. The asset appears to have resumed its broader downtrend, putting additional pressure on the wider market.

Ethereum and most major altcoins remained relatively flat over the past 24 hours, showing limited trading activity following a largely bearish week across the crypto sector.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

One year after the launch of XRP futures, figures from the Chicago Mercantile Exchange show that the product has seen strong and consistent growth in the derivatives market.

Since trading officially began on May 19, 2025, CME has recorded close to $63 billion in notional trading volume across its XRP futures products as of May 15, 2026.

Strong Institutional Interest Drives XRP Futures Activity

At launch, CME introduced two XRP futures products. The first was a standard futures contract covering 50,000 XRP tokens, while the second was a smaller micro contract tied to 2,500 XRP. Both products were created to give traders exposure to XRP price movements without requiring them to directly own the cryptocurrency.

The contracts are cash settled and follow the CME CF XRP Dollar Reference Rate, giving institutional and retail traders access to XRP exposure through a regulated trading environment. Over the last year, traders exchanged approximately 1.32 million contracts, representing nearly 28.6 billion XRP.

The trading figures highlight growing demand for XRP related derivatives, especially among investors using futures for hedging, speculation, and leveraged trading strategies.

Unlike spot markets, futures trading allows investors to take either bullish or bearish positions based on market expectations. CME has since expanded its XRP offerings by introducing XRP options and Spot Quoted XRP futures in response to rising institutional demand for XRP based products.

XRP Price Continues to Lag Despite ETF Inflows

Despite strong interest in XRP derivatives, the token’s market performance has remained under pressure amid wider crypto market volatility. Spot XRP ETFs in the United States have continued attracting capital, recording more than $98 million in inflows so far in May.

Even with these inflows, XRP has struggled to mirror the same momentum in price performance. The cryptocurrency remains down more than 26% since the start of the year and was trading near $1.35 at the time of writing.

Meanwhile, exchange flow data from CryptoQuant suggests XRP trading activity may be shifting into a new phase. According to the analytics platform, the heavy deposit activity previously concentrated on Bybit has started to decline, while Binance and Coinbase are now recording stronger withdrawal activity.

The trend could signal easing sell side pressure compared to the market behavior seen in recent weeks.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Syndicate Labs announced that all of its code will remain permanently open source and accessible to developers who want to continue building with the technology.

Syndicate Labs, an on chain development startup backed by Andreessen Horowitz, has announced plans to shut down operations after spending five years building infrastructure for on chain developers.

The company said major changes in the rollup market played a key role in the decision.

EVM Rollups No Longer Seen as the Industry Standard

In a statement shared on X, Syndicate Labs explained that its mission had always been to provide developers with better tools for building and scaling on chain applications. However, the company said the rollup market has changed significantly over the past few years. It pointed out that fewer new rollups are being launched, while many older projects have gradually faded from the ecosystem.

According to the company, the market has shifted away from the type of technology it specialized in. Syndicate Labs added that EVM rollups are no longer considered the default standard across the industry. Instead, more developers are choosing to build custom chains from the ground up with the help of consulting teams. The company said this trend has reduced reusable infrastructure and weakened network effects throughout the ecosystem.

Syndicate Labs said it spent years working to support the expansion of on chain applications and admitted it had hoped for a different outcome. Despite the company shutting down, it emphasized that the broader Syndicate ecosystem will continue separately through the Syndicate Network Collective, a Wyoming based DUNA responsible for governance over SYND tokens.

The company also clarified that the collective operates independently from Syndicate Labs, meaning governance of the SYND token will not face any immediate impact. It noted that another organization could eventually take over management of the DUNA structure. At the same time, the company outlined plans for an orderly wind down process if no successor organization steps forward.

In late April, the Syndicate Commons Bridge on Base was compromised after attackers gained access through a leaked private key. The breach resulted in the loss of 18.5 million SYND tokens valued at nearly $330,000. Syndicate Labs stressed that the shutdown decision was unrelated to the incident.

The company confirmed that the affected customer and all SYND holders on Commons Chain have already been reimbursed using treasury reserves set aside for these situations. It also stated that team members and investors remain bound by token lockup agreements, preventing any affiliated individuals from accessing allocations for short term gains.

Syndicate Labs added that its vesting model was designed to encourage long term commitment.

Two DeFi Projects Also Face Collapse

Syndicate Labs is not the only crypto project to struggle amid security breaches and changing market conditions this year. Two DeFi projects have also moved toward shutdowns following major financial and security setbacks.

In February, Solana based DeFi aggregator Step Finance, along with SolanaFloor and Remora Markets, ceased operations after a wallet compromise triggered losses of roughly $30 million. The teams involved said efforts to secure funding and explore acquisition opportunities failed to produce a recovery strategy.

One month later, Balancer Labs proposed restructuring the Balancer protocol following months of financial pressure, declining TVL, and a November exploit that accelerated liquidity outflows across the platform.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

WLFI recently experienced its largest realized profit event on record after billions of tokens were sold by holders following a major market catalyst.

According to blockchain analytics platform Santiment, approximately 1.8 billion WLFI tokens were sold at a profit on May 18. The large scale selling activity came only weeks after the token fell to an all time low.

Binance Related Catalyst Triggers Major WLFI Selloff

Santiment also revealed that the “age consumed” metric, which measures dormant tokens suddenly moving on chain, surged to a record 17.4 trillion during the event.

The sharp increase suggests that a significant amount of long inactive WLFI supply reentered the market at once.

The analytics firm linked the activity to Binance launching a USD1/BTC trading pair, allowing traders to use WLFI’s USD1 stablecoin as collateral for Bitcoin futures for the first time.

According to Santiment, the listing created a rare opportunity for long term holders to finally exit positions after months of sustained price declines.

The firm stated that the highly publicized listing provided investors with a major moment to cash out after a prolonged downturn.

Despite the recent rebound, WLFI remains down more than 80% from its September 2025 all time high near $0.33.

The situation worsened further late last month when the token collapsed to a record low around $0.05.

Santiment attributed that decline to governance disputes, controversy surrounding a proposed unlock of 62 billion tokens, and allegations of undisclosed insider token sales.

The token unlock proposal sparked intense criticism from investors and eventually led to a public clash with Justin Sun, one of World Liberty Financial’s largest investors.

Sun reportedly described the proposal as one of the most absurd governance scams he had ever encountered.

The dispute escalated further after Sun filed a lawsuit against the project in a California federal court. WLFI later responded with a countersuit, accusing him of orchestrating a coordinated media smear campaign.

Current State of WLFI

Beyond unlocking dormant selling pressure, the Binance listing appears to have triggered additional on chain activity connected to the project.

Crypto analyst CryptoNotaz highlighted several large USD1 burn transactions reportedly linked to World Liberty Financial during the same period.

At the time of writing, WLFI was trading near $0.061, representing a decline of almost 12% over the past week and roughly 22% over the last month.

The token currently holds a market capitalization of approximately $1.9 billion, while its fully diluted valuation stands near $6.1 billion.

Only around 31.8 billion of the token’s total 100 billion supply is currently circulating in the market.

Meanwhile, futures open interest for WLFI sits around $181.7 million, according to data from CoinGlass.

Over the past 24 hours, roughly $226,000 worth of positions were liquidated, with long positions accounting for slightly more than $133,000 of the total.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ethereum has lost more than half of its value over the past nine months, and analysts say one of the most concerning developments is the lack of buyers stepping in during the downturn.

According to on chain analyst Easy On Chain, the issue extends beyond Ethereum’s falling price. The analyst pointed to a widening gap between activity in the derivatives market and genuine spot market demand, describing the situation as increasingly fragile.

Ethereum Market Structure Showing Signs of Weakness

In a market report published on May 21, Easy On Chain argued that Ethereum has already entered a medium to long term bear market phase after its market capitalization plunged from roughly $585 billion in August 2025 to around $255 billion this month.

One of the clearest warning signs highlighted in the report was the steady decline in institutional participation.

Fund holdings, which previously exceeded 7 million ETH in October 2025, have reportedly dropped to between 5.5 million and 5.7 million ETH.

At the same time, the Coinbase Premium Index remained negative throughout May, suggesting that US based institutional investors have largely stayed away from the market during the recent selloff.

Trading activity has also weakened considerably. According to Easy On Chain, daily fund trading volumes have fallen well below yearly averages, dropping into a range between $17 million and $42 million in recent months.

The analyst described the current environment as a market where “futures driven optimism is building without strong spot market support.”

That disconnect is becoming increasingly visible in Ethereum’s price performance. Data from CoinGecko shows ETH has fallen nearly 7% over the past week, more than 9% over the last month, and roughly 17% across the past year.

Ethereum also remains more than 57% below its all time high near $4,950 reached in August 2025.

Technical Indicators Continue Pointing Lower

Several analysts on X argued that Ethereum’s technical outlook remains weak despite Bitcoin recovering above the $78,000 level.

Crypto commentator Ted Pillows noted that ETH still has not managed to reclaim the $2,150 level even as stocks and Bitcoin moved higher, adding that major buyers appear uninterested in accumulating the asset.

Meanwhile, analyst Benjamin Cowen warned that Ethereum could revisit its April 2025 lows near the lower logarithmic regression trend line.

Another analyst, Cryptorphic, cautioned that a break below Ethereum’s rising support trend line could open the door for a decline toward the $2,050 region.

Broader macroeconomic conditions have also added pressure.

In a post published on May 18, Tom Lee linked part of Ethereum’s weakness to rising oil prices, claiming ETH currently has its strongest inverse correlation with crude oil on record.

That same day, geopolitical tensions intensified after Donald Trump issued warnings directed at Iran. The development pushed Bitcoin down to around $76,700 and triggered more than $660 million in liquidations across the crypto market.

Ethereum alone accounted for approximately $256 million of those liquidations.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Trading volumes for newly launched US based exchange traded funds linked to Hyperliquid continued climbing this week, with activity surging another 50% on Wednesday alone.

According to data from SoSoValue, the recently launched HYPE focused ETFs from 21Shares and Bitwise have already generated nearly $41 million in combined trading volume since entering the market earlier this month.

Hyperliquid ETFs Build Rare Early Momentum

Bloomberg ETF analyst Eric Balchunas commented on the rapid rise in trading activity, noting that both funds experienced another 50% jump in volume during Wednesday trading.

In a post shared on X, Balchunas described the timing of the launches as “perfect,” especially as traditional markets and major asset classes including stocks, bonds, gold, Bitcoin, and the broader crypto sector have struggled in recent weeks.

In contrast, HYPE has rallied roughly 37% since the launch of the THYP ETF on May 12.

Balchunas also pointed out that the continued rise in trading activity during the first week is uncommon for newly launched ETFs, which often experience a brief burst of excitement before volumes quickly fade.

21Shares became the first company to launch a HYPE linked ETF in the United States when it introduced THYP on May 12. The product attracted approximately $1.2 million in net inflows shortly after launch.

Bitwise followed with its BHYP ETF on May 14, bringing in around $750,000 in net inflows. Trading activity for the fund has continued trending higher since its debut.

Meanwhile, Grayscale Investments has also joined the race to launch a Hyperliquid related investment product after filing for a HYPE ETF in March. The proposed fund remains under review by US regulators.

Blockchain analytics platform Lookonchain recently reported that wallets connected to Grayscale purchased and staked approximately 510,387 HYPE tokens worth nearly $24.95 million over the past week.

A wallet reportedly linked to Galaxy Digital also accumulated around 158,100 HYPE tokens valued at roughly $8.8 million.

Hyperliquid’s Growth Continues Accelerating

Zooming out, HYPE has gained close to 40% so far this month, pushing its year to date returns to nearly 123%.

Bitwise Chief Investment Officer Matt Hougan recently described Hyperliquid as one of the most significant crypto projects to emerge in recent years. He also argued that the market continues to underestimate both the platform’s long term influence and the value of the HYPE token itself.

Hougan stated that Hyperliquid has evolved far beyond a standard crypto perpetual futures exchange and is increasingly becoming a financial “super app.”

According to him, the platform now provides exposure to commodities, S&P 500 futures, pre IPO stocks, and prediction markets. He added that nearly half of Hyperliquid’s trading volume currently comes from non crypto assets, with that figure potentially rising even further before the end of the year.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Hyperliquid and Zcash emerged as the top performers in the crypto market, posting strong double digit gains over the past 24 hours, while assets such as Dash and Mantle also recorded notable advances.

Meanwhile, Bitcoin attempted to extend its recovery rally but faced resistance around the $78,000 level before retreating slightly by roughly $500.

Bitcoin Rally Loses Momentum at $78K

Bitcoin struggled to maintain momentum after repeatedly facing rejection near the $82,000 zone last week, with the latest failed breakout occurring on Thursday.

At the time, BTC had surged more than $3,000 within hours following the passage of the CLARITY Act through the US Senate Banking Committee. However, the rally quickly lost steam, causing the cryptocurrency to fall back below the psychologically important $80,000 level.

Selling pressure intensified on Friday evening, pushing Bitcoin below $79,000 before bears drove the asset under $78,000 on Saturday.

After a relatively stable Sunday, Bitcoin resumed its decline on Monday and Tuesday, eventually dropping to around $76,000, its lowest level in more than three weeks.

Following losses exceeding $6,000 within several days, buyers finally stepped in to stabilize the market. Bitcoin gradually recovered above $77,000 yesterday and briefly climbed past $78,000 during Thursday morning trading before once again losing momentum.

At the time of writing, Bitcoin was trading below $78,000, with its market capitalization slipping beneath $1.56 trillion. Its dominance over the altcoin market also eased slightly to 58.2%, according to CoinGecko data.

HYPE and ZEC Outperform Broader Market

Ethereum continued to show relatively weak performance, remaining slightly in negative territory on the day despite holding above the $2,100 level.

In comparison, Solana, Dogecoin, Bitcoin Cash, and Monero posted modest gains ranging between 1% and 2%.

HYPE delivered the strongest rally among major altcoins, surging approximately 19% in the past 24 hours to reach around $58, placing the token within close range of a new all time high.

ZEC also recorded impressive gains, climbing more than 13% and trading comfortably above the $660 mark.

Additional strong performers included DASH, MNT, Ondo, and Bittensor, while Sui and Near Protocol followed closely behind in daily performance.

Overall, the total cryptocurrency market capitalization increased by more than $30 billion over the past day, bringing the combined market value close to $2.68 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Deeply negative funding rates failed to slow HYPE’s momentum, as crowded bearish positions instead fueled a powerful rally that pushed the token within touching distance of a new all time high.

Hyperliquid token HYPE surged above $57 on Thursday, marking its return to those levels for the first time in eight months. The sharp rally came as heavy short liquidations and growing ETF related demand pushed the asset to within 2% of its previous record high near $59 reached in September 2025.

The latest surge has positioned HYPE as one of the strongest performing large cap cryptocurrencies of the year, with traders increasingly piling into leveraged positions linked to the rapidly expanding perpetual futures platform.

How the Short Squeeze Unfolded

According to analytics platform Santiment, funding rates across exchanges turned sharply negative on May 18 and 19, signaling that a large number of traders were aggressively betting on a price pullback by opening short positions.

Instead of falling, however, HYPE continued climbing. As prices moved higher, bearish traders were forced to buy back their positions to avoid liquidation, creating even more buying pressure and accelerating the rally.

Data from CoinGlass highlighted the scale of the squeeze. Over the past 12 hours alone, approximately $21 million worth of HYPE futures positions were liquidated, with short sellers accounting for nearly all of the losses except about $677,000.

Over a 24 hour period, short liquidations climbed to roughly $30.6 million compared to just $1.08 million in long liquidations, underscoring how heavily bearish traders were caught off guard.

What made the rally even more notable was that open interest did not collapse during the liquidations, which is typically expected in such scenarios. Santiment previously reported HYPE open interest above $1.92 billion, while CoinGlass data now places the figure closer to $2.5 billion.

The increase suggests that fresh traders continued entering the market even as others were forced out, a sign of sustained demand and growing investor appetite for exposure to the asset.

At the time of writing, HYPE had gained nearly 17% in the last 24 hours and more than 46% over the previous week. Over the past year, the token has surged more than 111%, outperforming major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, BNB, and Dogecoin.

What Is Driving HYPE Higher

The token’s rally has coincided with growing institutional interest surrounding Hyperliquid. Santiment identified newly launched HYPE linked ETFs from Bitwise and 21Shares in May as one of the major catalysts behind the recent move.

Bitwise Chief Investment Officer Matt Hougan recently praised Hyperliquid, describing it as one of the fastest growing financial businesses he has seen. He also argued that both the platform and its native token remain undervalued by the market.

Meanwhile, Bitwise CEO Hunter Horsley stated on May 21 that Hyperliquid and Solana are helping create a new category of blockchain networks he referred to as “revenue chains.”

According to Horsley, Hyperliquid has generated approximately $790 million in total blockchain revenue, surpassing Solana’s $532 million. Tron and Ethereum followed with roughly $471 million and $425 million in revenue respectively.

Before the latest breakout, HYPE had already climbed around 24% from its May 13 low near $38. Analysts attributed part of that earlier move to the passing of the CLARITY Act on May 14 and the launch of synthetic SpaceX perpetual contracts on the Hyperliquid connected platform Trade.xyz.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin could be heading toward a sharper decline and potentially new bear market lows after struggling to break through a major resistance level, according to analysts.

Data from CryptoQuant on Wednesday showed that Bitcoin encountered resistance at its 200 day moving average, raising concerns about a possible trend reversal. Analysts noted that the current setup resembles the pattern seen in March 2022, when Bitcoin rallied 43% before stalling at the same level and eventually moving lower.

The report stated that overall Bitcoin demand has now shifted into contraction.

CryptoQuant also revealed that its Bull Score Index dropped from 40 back to an extreme bearish reading of 20. Analysts attributed the decline to weakening stablecoin liquidity and negative price momentum, both of which weakened the broader market signal.

According to the firm, the latest reading mirrors the deep bear market conditions recorded in February and March, when Bitcoin prices fell toward the $60,000 range. Historically, similar readings have often preceded additional downside movement or prolonged consolidation periods.

Bitcoin Correction Could Extend Further

Analysts believe that if the correction continues, the $70,000 level could become Bitcoin’s main on chain support target. This level represents the traders’ on chain realized price and has consistently acted as a major turning point throughout the current market cycle.

They also warned that a break below this level into the $60,000 region could open the door to fresh bear market lows.

Meanwhile, blockchain analytics platform Glassnode reported that Bitcoin briefly reclaimed the True Market Mean around $78,300 but failed to maintain strength above it. The company added that if previous market cycle patterns repeat, the ongoing correction from recent highs may continue.

Glassnode noted that a deeper pullback from current levels could ultimately confirm the recent rally as nothing more than a temporary local top within the broader bear market trend. The firm added that this type of structure has appeared several times in earlier cycles and remains the more likely scenario unless Bitcoin can establish sustained upward momentum.

On Thursday, market intelligence platform Swissblock stated that Bitcoin’s momentum has weakened from its previous peak levels. However, the firm maintained a cautiously bullish stance, explaining that unless momentum deteriorates significantly, the more likely outcome remains consolidation rather than a complete breakdown.

Crypto Market Outlook

Bitcoin posted gradual gains over the past 24 hours, rising 1.7% from around $76,600 to test the $78,000 level twice during Thursday morning trading in Asia.

Even so, analysts consider the $78,000 zone a critical resistance level that must be broken quickly for Bitcoin to regain momentum toward $80,000. Current trading volumes and market sentiment suggest the cryptocurrency could once again struggle to move beyond this area.

Ethereum followed a similar pattern, though Ether remained under bearish pressure below $2,150 at the time of writing.

Elsewhere in the altcoin market, several assets recorded stronger gains. Hyperliquid and Zcash both surged with double digit gains during the day.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic