The week has started on an optimistic note for Bitcoin, surpassing the $107,500 mark. While many altcoins remain in range, HYPE shows signs of growth.
Positive Dynamics of Bitcoin
Bitcoin began the week on a bullish note, rising above $107,500. Both large and retail investors are holding their positions while awaiting clearer macroeconomic signals. IG Markets analyst Tony Sycamore stated that Bitcoin could retest the all-time high near $112,000 and then rise toward the $116,000-$120,000 region if it remains above the $95,000 support.
Analysis of Other Cryptocurrencies
Ethereum analysis shows that wallets holding between 1,000 and 10,000 ETH have accumulated over 818,410 ETH, boosting their holdings to 16 million ETH. Meanwhile, XRP has oscillated between $2 and $2.65, with other altcoins like BNB and Solana also showing activity within their ranges. Notably, Hyperliquid (HYPE) has resumed its uptrend after breaking above the $44 level.
Predictions for Major Indices
The S&P 500 index has shown a decline, retreating from 6,059, although bullish activity remains around the 6,000 level. The US Dollar Index faces pushback between bulls and bears, increasing the likelihood of a drop to 95.67.
Current trends in the cryptocurrency market are drawing the attention of analysts and investors. Bitcoin holds a potential growth position, while other assets are influenced by various factors. It is essential to monitor the situation closely.
