Blog Kazawallet
Market Overview: Greed Dominates as Bitcoin Holds Steady
Bitcoin (BTC) continues to trade around the $118,500 mark, reflecting cautious optimism among investors.
The Fear & Greed Index stands at 67, indicating a ‘Greed’ phase, which often precedes potential profit-taking.
Meanwhile, Ethereum (ETH) shows mixed signals, fluctuating between $3,690 and $3,791, with a stronger bullish sentiment (Fear & Greed Index at 72).
Read more: How to deposit Bitcoin in Kazawallet in 4 effective steps
Altcoins Rally: BNB, XRP, and DOGE Lead Gains
BNB has surged past the $750 mark, trading at $760.17—a 3.90% daily increase—fueled by strong market confidence (Fear & Greed Index: 73).
XRP also impressed with a 50% weekly gain, now hovering between $3.45 and $3.50.
Dogecoin (DOGE) rose 7.22% to $0.2718 amid ETF speculation and institutional interest.
Read more: Bitcoin vs Dogecoin: Which is Better for Investment?
Regulatory Breakthrough: US Stablecoin Law Enacted
President Trump signed the GENIUS Act into law, establishing the first federal framework for dollar-pegged stablecoins.
This landmark legislation could bolster confidence in USDT, USDC, and DAI, all of which maintained their pegs today.
Read more: USDT vs USDC: What’s the Different?
On-Chain Alert: 90% of Bitcoin Supply in Profit
Glassnode reports that over 90% of Bitcoin’s circulating supply is currently profitable—a historical signal that often precedes increased sell pressure. Traders should monitor for potential corrections.
Security Incident: CoinDCX Loses $44M in Hack
Indian exchange CoinDCX confirmed a $44 million breach from an internal account, underscoring persistent security risks in centralized platforms.
Read more: Cryptocurrency Trading: The Essentials Before You Start.
ETF Inflows: US Bitcoin Funds Attract $2.39B
US Bitcoin ETFs extended their inflow streak to 12 days, absorbing $2.39 billion as institutional demand remains robust.
