Blog Kazawallet
Market Overview: Mixed Signals as Bitcoin Consolidates
Bitcoin (BTC) traded between $117,908 and $118,134 today, showing a slight decline amid mixed market sentiment. Analysts suggest a potential ‘slow melt-up’ or consolidation phase ahead.
Meanwhile, Ethereum (ETH) gained 0.60% to $3,604.53, with bullish technical indicators and a Fear & Greed Index at 73 (Greed).
You may also be interested in: Bitcoin vs Ethereum: Which is Better for Investment?
Altcoin Performance: Bullish Momentum Dominates
BNB surged between $730–$738, reflecting strong bullish momentum. Solana (SOL) and XRP also posted gains at $176.94–$177.56 and $3.55 respectively, fueled by positive sentiment.
Cardano (ADA) ranged $0.83–$0.87, while Dogecoin (DOGE) saw heightened whale activity at $0.2340–$0.2466. Polkadot (DOT) and Avalanche (AVAX) showed mixed signals at $4.38 and $24.32.
Read more: Cardano vs Dogecoin: Which Suits Your Needs?
Stablecoin Dominance: USDT Leads with $155B Market Cap
Tether (USDT) maintained its 65–70% stablecoin market share, while USDC held 25% ($61B circulation). DAI’s $8.4B supply remained deeply integrated with DeFi protocols (71% usage).
You may also be interested in: USDT vs USDC: What’s the Different?
Breaking News: Ethereum ETFs Overtake Bitcoin ETFs
Ethereum ETFs recorded $602M in daily flows—surpassing Bitcoin ETFs ($522.6M) for the first time, led by BlackRock’s iShares Ethereum Trust ($550M).
Separately, BNB Chain announced infrastructure upgrades to support 5,000 DEX swaps/second.
Read more: Bitcoin vs Ethereum: Which is Better for Investment?
On-Chain Insights: Bitcoin Reserves Decline
Per Glassnode, Bitcoin exchange reserves dropped below 3M BTC—a steady decline since April—signaling reduced selling pressure.
Read more: Bitcoin mining: Everything you need to know about Bitcoin mining
