- Bitcoin surpasses $107K with strong buying activity and low leverage, suggesting a fundamentally sound rally.
- Aave surges as DeFi activity and regulatory optimism grow, while Ankr faces mixed sentiment over unmet user expectations.
- Institutional interest rises as Bitcoin, Ethereum exchange supplies hit decade lows and Coinbase joins the S&P 500.
Bitcoin is trading past $107,000 for the first time since January, approaching a new all-time high. According to Santiment, the high was a talking point across social platforms, with Bitcoin dominating discussions.
Topics range from its long term value as a hedge against inflation to its positioning as a reliable store of wealth. Analysts see the bullish sentiment remaining intact, with no clear signs of market overheating. Supporting this view, CryptoQuant reports that Bitcoin’s rally appears fundamentally sound, driven by strong buying activity without excessive speculation or leverage.
Altcoins See Shifting Sentiment
While Bitcoin led the conversation, several altcoins also captured attention for different reasons. TRUMP rose in mentions after links to President Donald Trump circulated, especially in relation to political news and events. These include reported phone conversations with Vladimir Putin and broader geopolitical topics.
Aave had a strong performance, supported by its growing role in the DeFi space. The altcoin’s Total Value Locked (TVL) surged between $25 billion and $40.7 billion, with daily fees and loan activity increasing. Its recent 15–25% price jump aligns with renewed optimism over regulatory movements, including interest in the GENIUS Act stablecoin bill.
However, not all altcoins saw positive reception. Ankr had mixed responses, with user frustration over communication gaps and unmet expectations. Despite this, some in the community recognized ongoing integrations with Neura and broader efforts to expand token utility.
Stablecoin Uncertainty Grows
Santiment also noted growing discussions around USDC, especially due to speculation over a potential acquisition by Coinbase or Ripple. The stablecoin’s use across Ethereum and Algorand ecosystems is intact, though possible replacement by Ripple’s RLUSD has led to debates over its long-term positioning.
XRP remained a trending topic due to developments around its cross-border payment use through Ripple’s On-Demand Liquidity. Additionally, new futures trading on the CME has drawn institutional interest.
Regulatory updates and speculation surrounding an XRP ETF also fueled market activity. The recent launch of the XSGD stablecoin on the XRP Ledger and Ripple’s ongoing expansion efforts further intensified discussions.
Exchange Supply Drops as Institutional Focus Deepens
According to CryptoRank, Bitcoin and Ethereum balances on centralized exchanges have dropped to 8 year and 10 year lows, respectively. This trend shows a growing move toward DeFi applications and Web3 infrastructure, including cold wallets, decentralized exchanges, and perpetual markets.
Meanwhile, QCP Broadcast reported elevated volatility levels in options markets, with bullish candles observed across Bitcoin call options. Coinbase’s upcoming entry into the S&P 500 and its recent Deribit acquisition show growing institutional interest in the crypto sector.
