Why Is Crypto Up Today?, From Bitcoin to DeFi , the Trends Driving Crypto’s Future: WisdomTree Analyst,Hyperliquid Lead Surge
Options market, volatility, and flow signals together “suggest a market resetting into a more neutral, constructive backdrop, awaiting conviction for the next decisive move,” Glassnode writes.
The crypto market is up today, with the cryptocurrency market capitalization jumping by 4.2%, now standing at $4.17 trillion. 98 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $215 billion, higher than what we’ve been seeing lately.
TLDR:The crypto market capitalization is up 4.2% on Thursday morning (UTC);98 of the top 100 coins are up, as are all top 10 coins, with DOGE at the top;BTC is up 4% to $118,682, and ETH is up 7% to $4,399;Market is ‘awaiting conviction for the next decisive move’;’Dynamics point to healthier demand-side conditions’;The US government shutdown amplifies market volatility;Both US BTC and ETH spot ETFs continued recording inflows on Wednesday, with $675.81 million and $80.79 million, respectively;Crypto market sentiment jumps within the neutral zone.
Crypto Winners & Losers
At the time of writing, all top 10 coins per market capitalization have increased over the past 24 hours.
Ethereum (ETH) is up by 6.3%, now changing hands at $4,399. It is again among the best performers.
Dogecoin (DOGE) is the best performer on this list, having increased by 9.7% to the price of $0.2563.
Solana (SOL) is next, with an increase of 6.6%. now trading at $223.
When it comes to the top 100 coins, seven coins saw double-digit rises. Zcash (ZEC) is at the top, having seen a 74.2% jump to $147.
Provenance Blockchain (HASH) follows: it’s up 14.4% to $0.03926 .
Only two coins are down: MemeCore (M) and Figure Heloc (FIGR_HELOC) are down 10.7% and 2.5% to $2.16 and $1.01.
Meanwhile, Japanese loan provider MBK says it has bought over $2 million worth of BTC and struck a partnership deal with FINX JCrypto, which owns the Coin Estate exchange.
‘Market Awaits Conviction for Next Decisive Move’
According to Glassnode, Bitcoin “repeatedly defended the short-term holder cost basis, underscoring its role as a key pivot between bullish continuation and bearish risk.”
Moreover, long-term holder distribution has cooled after months of steady selling. ETF inflows have resumed. This has provided a stabilizing influence on market structure. “Together, these dynamics point to healthier demand-side conditions.”
Options market, volatility, and flow signals together “suggest a market resetting into a more neutral, constructive backdrop, awaiting conviction for the next decisive move,” Glassnode writes.
Why Is Crypto Up Today?, From Bitcoin to DeFi , the Trends Driving Crypto’s Future: WisdomTree Analyst,Hyperliquid Lead Surge
