Crypto Market Explodes: Bitcoin Hits $114K, Altcoins Rally Hard!

Crypto Market Explodes: Bitcoin Hits $114K, Altcoins Rally Hard!

The crypto market never sleeps—and neither should your portfolio. With Bitcoin testing new highs and Ethereum upgrading its tech, missing these moves could cost you. Get the latest insights and signals in under five minutes!

Key Market Developments

The crypto market experienced volatility with major digital assets hitting important resistance levels. Bitcoin reached a daily high of $114,000 but then slid back to around $108,000. Futures open interest surged above $32 billion, showing renewed trader confidence.

Ethereum is entering the final testnet phase of its Fusaka upgrade, expected to improve network efficiency and scalability, with the mainnet launch planned for December 3, 2025. The US Federal Reserve is exploring a new „payment account” model to enhance fintech and crypto companies’ access to its payment system, signaling institutional support for industry growth.

Coinbase made a significant acquisition of crowdfunding site Echo for $375 million, signaling a shift towards community-driven investing in crypto.​

CMC Crypto Fear and Greed Index

CMC Crypto Fear and Greed Index, Coinmarketcap.com
CMC Crypto Fear and Greed Index, Coinmarketcap.com

Latest Bitcoin and Ethereum Price Movements

Bitcoin hit a high of $114,000 before settling around $108,000, down about 1.7% in the last 24 hours. Market activity shows a battle between sellers closing profitable positions and bulls defending the key $107,000 support level.

Ethereum saw a modest price dip to approximately $3,873, down about 1.4%, struggling to break above the $4,000 level. However, it remains supported by stacking activity and institutional interest.​

Key On-Chain Bitcoin Metrics (Past 24 Hours)

MetricValueInterpretation
Transactions526,299Healthy transactional activity
Total Sent Value$6.57 billionStrong on-chain value movement
Network Hashrate976.98 EH/sHigh network security and mining activity
Unique Addresses577,530Active participants in the network
Futures Open Interest$32+ billionIndicates strong trader engagement
200-day EMAHeld at ~$106KBullish technical support
MVRV Z-Score2.15Accumulation phase per historical context

Bitcoin holders, especially smaller ones, are accumulating despite recent price dips, with exchange balances declining, suggesting reduced selling pressure.

Although the Bitcoin price experienced significant fluctuations yesterday, it ultimately stayed where we left it. However, something has changed. A buying signal has formed, supported by a strong candle with high volume. The Buy long signal is at $114,160.

BTCUSD. 4HTF
BTCUSD. 4HTF

Key On-Chain Ethereum Metrics (Past 24 Hours):

    MetricValueInterpretation
    Price Range$3,800 – $4,110Resistant at $4,000 level
    ETH StakedOver 35 millionReduced circulating supply; bullish
    Daily Transactions~1.45 millionActive network usage
    Market CapApprox. $7.75T IDRSignificant market presence
    Network Upgrade PhaseFusaka TestnetFinal upgrade phase towards December launch
    Gas Cap per Txn16.78 million unitsExpected efficiency improvement

    Ethereum’s Fusaka upgrade will limit gas per transaction to improve performance and prepare for multi-transaction parallelism, a major scaling step. Staking remains a strong bullish factor even though price recovery above $4,000 has been slow.

    Ethereum’s price behavior yesterday aligned precisely with our and our readers’ expectations. The price moved strictly within the channel we had defined. Additionally, a Buy long signal was generated at $4,115.0.

    ETHUSD. 4HTF
    ETHUSD. 4HTF

    Best Performing Altcoin of the Day

    BlockDAG (BDAG) has shown the most potential recently, with $430 million raised and 3.5 million app users, fueled by its innovative approach and upcoming mainnet release. It has sparked a buying surge around its token generation event price of $0.0015. Other altcoins like XRP and Remittix (RTX) are also gaining attention, but BlockDAG stands out for adoption and structure.​

    Here is a concise list of the top crypto market movers over the past 24 hours with percent changes:

    RankCrypto24h % Change
    1LUNC Terra Classic+14.03%
    2ZANO Zano+11.18%
    3ATH Aethir+10.68%
    4ZEC Zcash+6.19%
    5ZEN Horizen+6.04%
    6DASH Dash+5.34%
    7BERA Berachain+4.89%
    8MERL Merlin Chain+4.86%
    9GLM Golem+4.20%
    10THETA Theta Token+4.20%

    Current Market and Price Predictions

    • Bitcoin is predicted to test resistance at $110,000-$115,000, with strong support at $107,000. If these hold, there is potential upside toward $130,000 by month-end, driven by institutional buying and futures market activity.
    • Ethereum targets a price rally toward $9,000 in the coming months according to bullish technical patterns like a golden cross though short-term support at $4,400 must be preserved.
    • Overall market sentiment shows cautious optimism, balancing risk amid macroeconomic uncertainties like inflation and regulatory developments.​

    High Growth Potential Crypto Projects

      • Bitcoin-related growth: BullZilla (BULL), focusing on liquidity mining and stablecoin parts to reduce volatility exposure.
      • For Ethereum-related innovation: IPO Genie ($IPO), an AI-powered private market access platform combining AI analytics, DeFi, and real-world asset tokenization, offering a structured and secure investment approach.
      • Other promising projects include MoonBull (cross-chain staking), La Culex (NFT governance), and StellarNova (fast cross-border payments) showcasing utility amid volatility.​

      Crypto Conclusion

      Looks like crypto is throwing a party—Bitcoin and Ethereum showing off, altcoins making moves, and upgrades keeping things spicy. Don’t just watch from the sidelines; join the dance floor, but keep your dance moves (and stop loss) sharp!

      Source: Coincentral.com, Tradingview.com, Coinranking.comCoingecko.com, Coinmarketcap.com


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