The cryptocurrency market is witnessing a swift rise, with Bitcoin hitting historical highs and other assets showing positive trends.
Daily Market Highlights
In a global surge, Bitcoin (BTC) hit a new record at **$117,600**, an increase of 5.6% on the day. The total crypto market cap reached **$3.73 trillion**.
Ethereum (ETH) increased by 6.5%, returning to the psychologically important level of **$3,000**. The memecoin Dogecoin (DOGE) stood out with a daily increase of 8.9%, reaching around ~$0.1965. Overall market sentiment has turned optimistic, as reflected by the Fear & Greed Index rising to **67**, the highest level in a month.
Client Positioning and Active Trades
Open interest statistics show **XRP** and **Apecoin (APE)** leading the options positions, with **~566k** and **~518k** contracts open respectively. Investors are placing large bets, such as **200,000 XRP call contracts** at a price of $2.815, indicating expectations of a positive court ruling for Ripple.
Similarly, APE has tens of thousands of open call options at various strike prices, reflecting bullish outlooks for this coin.
Technical Aspects of Memecoins WIF and MOG
The memecoin Dogwifhat (WIF) has revived, breaking important horizontal resistance at ~$0.77. Technical analysis suggests WIF could reach **$1.67** if it manages to break out. WIF has surged 133% over the past month.
Meanwhile, the memecoin Mog Coin (MOG) is showing positive signals, jumping 65% to ~$0.0000017, breaking resistance at ~$0.00000110. Analysts suggest MOG could soon reach **$0.0000020+**.
The cryptocurrency market continues to show positive trends, with Bitcoin and Ethereum hitting all-time highs. The interest in memecoins highlights traders' optimistic sentiment, but potential volatility, particularly over the weekend, should be considered.
