| SUI Leads Altcoins, Bitcoin Defends Crucial Level Bitcoin briefly dipped below the key $100,500 level amid market turbulence caused by an ECB rate cut and a public clash between Elon Musk and Donald Trump, shaking investor confidence. The altcoin market mirrored Bitcoin’s volatility but rebounded strongly. SUI stood out with a nearly 9% surge to over $3.25, driven by renewed developer and community support. Elsewhere, BNB, ADA, DOGE, and SOL also saw slight gains, while HYPE dipped around 2% to below $34. Meanwhile, Ethereum struggled to break $2,500, while XRP rose to $2.17. Overall, the total crypto market cap recovered by over $50 billion, reaching $3.38 trillion. Despite ongoing volatility, investor interest appears strong around key support levels.
Bitcoin Clouded By Leverage & Speculation Technical analyst Willy Woo warns that Bitcoin's market is at high risk due to excessive leverage and speculative derivatives trading. He cautions against "paper bets," noting that whales may trigger "liquidation hunts" in low-liquidity periods. Supporting this, Bitcoin's OI (Open Interest) indicates renewed vulnerability to forced liquidations, complicating short-term price predictions. However, Woo remains bullish long-term, citing a surge in the M2 money supply as a positive macroeconomic signal for Bitcoin once leverage clears.
Potential XRP Breakout As Double Bottom Holds Analyst EGRAG remains bullish on XRP due to a strong double bottom pattern on the 3-day chart. According to the veteran analyst, as long as XRP holds above the $2.07 support, a breakout remains possible. Key resistance is at $2.30; a close above it could drive XRP to $2.65–$3.00. However, three daily closes below $2.00 would invalidate the bullish setup. A retest of the April 7th, 2025, low may occur before further gains. Momentum also aligns with broader altcoin optimism as Bitcoin eyes $120K.
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