Global #Bitcoin

According to the recent weekly report from Bitfinex, there are indications that the selling pressure from short-term holders in the Bitcoin (BTC) market might be diminishing, potentially paving the way for a quicker price recovery than previously anticipated.

Bitcoin's recent price surge has prompted options traders to reconsider the possibility of the cryptocurrency reaching the $100,000 level by the end of this year.

According to data from IntoTheBlock, Polygon (MATIC) reached a significant point where 31,000 addresses collectively acquired 216.94 million tokens at an average price of $0.73.

The price of XRP is undergoing a correction after encountering resistance at the $0.570 level.

Recent on-chain data indicates that the trend of Bitcoin exchange inflow has reached its lowest point in almost a decade, a potentially bullish sign for the asset.

Bitcoin's price briefly surged above $65,000 today, marking a notable uptick. However, analysts caution against interpreting this as the start of a new bull market in the short term.