Cryptocurrency markets continued their upward momentum on Thursday morning.
Notable Statistics:
Coinglass data shows 135,215 traders were liquidated in the past 24 hours for $265.11 million. SoSoValue data shows net inflows of $757.1 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net inflows of $171.5 million.
Trader Notes: Michael van de Poppe stressed Bitcoin’s key support at $112,500, saying a flip of this level confirms a renewed uptrend that could boost altcoins.
Trader BitBull agreed, noting Bitcoin has already turned $113,500 into support, with $117,000 now the next milestone before a potential all-time high.
Ethereum is approaching $4,500, with trader Ted Pillows warning a close above could spark a breakout to new highs, while rejection risks a pullback toward $4,000-$4,100.
Solana is showing strength above $215, according to PostyXBT, though its rally is overshadowed by meme coin hype.
Henry said XRP is flashing a bullish reversal, forming higher highs after breaking its downtrend, making current levels favorable for entries.
Dogecoin has also moved above its weekly range mean, with trader George pointing to $0.35 as the next upside target. He is holding spot positions while waiting for further confirmation.
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Reveal Full ScoreEdge RankingsMomentum87.96Price TrendShortMediumLongOverview$DOGEDogecoin – United States dollar$0.25132.38%$ETHEthereum – United States dollar$4436.982.00%$SHIBShiba Inu – United States dollar$0.0000130.15%$SOLSolana – United States dollar$227.281.41%$XRPRipple – United States dollar$3.021.17%Market News and Data brought to you by Benzinga APIs
