## Market Highlights
Today, Ethereum emerges as the largest gainer with a 10.01% increase, while TRON is the largest loser, down 1.88%. Bitcoin’s current price is $116,810.66 with a daily performance of 3.91%.
## 7-Day Performance Chart
## Recent Crypto News Summary
In recent crypto news, Bitcoin (BTC) surged to $116,000 following dovish signals from Federal Reserve Chair Jerome Powell regarding potential interest rate cuts, boosting overall market sentiment. This spike prompted significant liquidations in crypto futures, totaling approximately $375 million. XRP also saw a 3% increase in response to Bitcoin’s rally.
In regulatory news, a Philippine bill has been proposed to establish a strategic reserve of 10,000 Bitcoin, requiring the central bank to purchase 2,000 Bitcoin annually over five years. This move could enhance the country’s crypto stance and market participation.
Meanwhile, discussions around the banning of virtual currency kiosks are ongoing, with critics arguing that such measures would unfairly penalize legitimate users while failing to deter fraud. Instead, implementing smart warning systems at these kiosks could provide better protection against scams.
On the corporate front, SharpLink Gaming has approved a $1.5 billion stock buyback program to bolster its Ether treasury, which currently holds $3.14 billion in ETH. This reflects a growing trend among companies to strengthen their crypto holdings amid market fluctuations.
Despite Bitcoin’s recent gains, other cryptocurrencies like Ethereum (ETH) and Ripple (XRP) are exhibiting mixed performance. Ethereum remains steady, while XRP and Bitcoin are facing potential downside risks as the supply in profit declines, indicating a cautious outlook for the broader market.
## Technical Analysis
MACD suggests bearish momentum for Bitcoin; Bitcoin is 0.1% above its 20-day MA, hinting at a resistance test; Bitcoin is 0.49% above its 50-day MA, hinting at a resistance test. MACD suggests bullish momentum for Ethereum. MACD suggests bearish momentum for XRP; XRP is -1.95% below its 20-day MA, suggesting a potential support test; XRP is 0.86% above its 50-day MA, hinting at a resistance test. MACD suggests bullish momentum for BNB. MACD suggests bullish momentum for Solana. MACD suggests bullish momentum for TRON. MACD suggests bullish momentum for Cardano
## Performance
The crypto market shows mixed signals today. Below is a table of prices, performance, and moving averages for the mentioned assets:
| Asset | Price | Daily (%) | 7D (%) | 1M (%) | 3M (%) | YTD (%) | MA20 | MA50 | MA200 |
|---|---|---|---|---|---|---|---|---|---|
| Bitcoin | 116,810.66 | 3.91 | -0.5 | -1.64 | 8.37 | 23.71 | nan | nan | nan |
| Ethereum | 4,645.94 | 10.01 | 4.64 | 28.0 | 83.59 | 38.54 | nan | nan | nan |
| XRP | 3.03 | 6.26 | -1.62 | -4.9 | 29.83 | 30.42 | 3.09 | 3.0 | 2.46 |
| BNB | 879.05 | 4.77 | 6.26 | 13.19 | 31.53 | 24.42 | 817.14 | 766.22 | 660.34 |
| Solana | 194.21 | 7.73 | 4.56 | 2.46 | 10.32 | 0.17 | 181.4 | 175.27 | 157.07 |
| TRON | 0.36 | 1.88 | 2.19 | 16.31 | 33.19 | 41.07 | 0.35 | 0.32 | 0.27 |
| Cardano | 0.91 | 7.4 | -3.17 | 11.97 | 22.32 | -0.4 | 0.84 | 0.78 | 0.72 |
Prices are in USD. Performance metrics and moving averages are calculated based on historical data.
