Cryptocurrency markets are surging on Wednesday as financial markets interpreted freshly-released inflation data as a positive sign for equities.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $100,135.47 | +4% |
| Ethereum ETH/USD | $3,456.54 | +7.9% |
| Solana SOL/USD | $202.23 | +8.9% |
| XRP XRP/USD | $2.94 | +11% |
| Dogecoin DOGE/USD | $0.3773 | +7% |
| Shiba Inu SHIB/USD | $0.00002235 | +4.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 25.6% and daily active addresses up by 6%. Transactions greater than $100,000 are down from 10,421 to 10,217 in a single day. Exchanges netflows are down by 132.8%.
- Coinglass data reports 100,006 traders were liquidated in the past 24 hours for $266.75 million.
Notable Developments:
- EXCLUSIVE: Direxion CEO Predicts Crypto, Commodities Will Take Center Stage Amid Volatility In 2025
- Dubai Announces ‘Crypto Tower’ To Host Blockchain Businesses
- Trump’s Crypto Legislation Will Be A ‘Frankenstein’ Bill Of Mishmash, Says Arthur Hayes — Bitcoin Doesn’t Need Government Support To Flourish
- SEC Under Trump Administration To Revise Crypto Policies: Report
- Italy’s Largest Bank Leaps Into Bitcoin Trading With $1 Million ‘Test’ Investment But CEO Says He Doesn’t Invest In BTC Personally
- Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled
Top Gainer:
| Cryptocurrency | Price | Gains +/- |
| Virtuals Protocol VIRTUAL/USD | $3.90 | +31.5% |
| ai16z AI/USD | $1.61 | +25.7% |
| XDC Network XDC/USD | $0.1304 | +23.9% |
Trader Notes: With Bitcoin prices touching $100,000, CryptoCon provided technical analysis for the crypto king stating that 5.618 extension of the first move of the cycle has had a near-perfect hit rate for all major Bitcoin highs.
He sees Bitcoin’s price target at $184,181.
Crypto content creator Michael Pizzino welcomes back $100,000 and expects a higher low, saying “Off to the races.” However, this will need a few days to form if it is to happen right now.
Stoic sees Bitcoin having experienced a clean breakout from its value area, followed by a reaction near the high $80,000 and a successful reclaim of the $90,000 level.
Currently, a brief period of cooling off is anticipated in the interim, with attention focused on finding spot support on the buyside.
A pullback into the high timeframe range would provide an ideal entry point for bulls to step in.
Currently, passive spot stacking has been observed between $100,000 and $104,000.
If another breakout occurs, the focus will be on spot aggressively chasing bids and absorbing any sell walls.
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