Bitcoin rose above $117,000 as investors braced for Jerome Powell’s post-FOMC speech that could see volatile swings toward key BTC price levels.
Ether price eyed fresh highs as it held above a key trendline, with markets betting on a 96% chance of Fed cuts and further easing this year.
Whale selling and a reduction in XRP ledger activity over the past two months increased the downside potential for XRP price to drop toward $2.
Bitcoin eyes a 35% breakout as analysts point to a bullish RSI signal and the upcoming FOMC interest rate decision.
Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level.
Spot Bitcoin ETFs saw $260 million in inflows on Monday, extending a six-day streak that may fuel BTC price to finally break the resistance level at $118,000.
Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge.
An uptick in Solana onchain activity, digital asset treasury allocation, and its expanding DeFi ecosystem could be the fuel that sends SOL to $300.
Bitcoin’s $113,000 zone emerges as a critical support with new investors absorbing whale supply, hinting at one of the last discounts before new highs.
A bullish signal from Solana’s SuperTrend indicator projected a major rally, though SOL price could drop to $220 before taking off.