According to Congress.gоv, the Bitcoin Act of 2024, introduced by Senator Cynthia Lummis, has garnered significant attention, ranking among the top four most viewed pieces of legislation in the United States.
📊 Crypto Investors Set New Record with $1.98 Billion Inflow Investors added $1.98 billion to digital asset investment products last week, pushing total assets under management to a record $116 billion, marking the fifth consecutive week of inflows.
According to CryptoQuant, retail investors are holding firm amid Ethereum’s recent price surge, signaling continued confidence in its growth potential.
🟠ETH price surge fueled by easing risks and the 'Trump Trade' (pro-market election sentiment) 🟠Retail investors perceive ETH as undervalued, holding positions rather than taking profits 🟠Low inflows to exchange deposit addresses (e.g., Binance, OKX) indicate minimal liquidation activity 🟠SOPR (an on-chain metric used to measure the profitability of cryptocurrency transactions) close to 1 (<1.10) suggests transactions are near breakeven, not profit-taking 🟠Strong "buy and hold" sentiment aligns with expectations of further price increases, possibly reaching $4,000 if ETH sustains above $2,800
🚀 Bitcoin Surpasses $88,000, Market Cap Hits $1.75 Trillion
Bitcoin has broken through the $88,000 resistance, trading between $88,200 and $88,300, with its market capitalization reaching $1.75 trillion. This surge represents a 25% increase since Donald Trump's presidential election victory.
#BTC build-up a new consolidation range with resistance at $92,550 and support at $89,800. We have minor news in this week, and expect a breakout either sides. #Disclamer -Not -Not Buy and sale
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