Bitcoin shows stable growth, breaking the significant level of $118,800. This has attracted investors' attention to a number of altcoins, which continue to gain popularity.
Current Bitcoin Positions
Bitcoin (BTC) continues to strengthen, surpassing $118,800, clearly demonstrating buyer interest. CoinGlass data shows that about $570 million in BTC short positions were liquidated on Thursday. Additionally, a second-largest inflow into Bitcoin ETFs amounting to $1.17 billion suggests optimism from institutional investors.
Outlook for Altcoins
Bitcoin's growth has also been observed in the altcoin market. Ethereum (ETH) has regained momentum, breaking resistance at $2,879. HYPE, UNI, and SEI are also showing positive trends. Analysis indicates that if prices are supported again, there is potential for further ascents to significant levels for both BTC and these altcoins.
Overall Conclusions
The situation in the cryptocurrency market remains active. Bitcoin, sitting above the key level of $110,530, provides a foundation for further growth in both its own price and the prices of alternative coins. Analysts continue to monitor trading patterns and volumes, suggesting potential upward movements for all major cryptocurrencies.
The overall trend is positive, and while a short-term correction may be possible, Bitcoin and altcoins are likely to continue their ascent amid active investor interest.
