Bitcoin Hits $72,000 as Ethereum Jumps 11%, XRP, Dogecoin Spike 10%

Bitcoin and major cryptocurrencies extended their rally amid optimism surrounding the White House crypto meeting.

Notable Statistics:

• Coinglass data shows 150,510 traders were liquidated in the past 24 hours for $1.83 billion.       
• SoSoValue data shows net inflows of $517.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $189.2 million.
• In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.

Notable Developments:

• Bitcoin Breaks $71,000 but Top Analyst Isn’t Impressed: ‘BTC Still Has a Little Bit To Prove’
• Bitcoin Cracks $72,000 Enters ‘the Early Stage Of the Bull Market’ With $82,000 Target, Analyst Says
• ‘Sell Bitcoin, Buy Gold,’ Says Peter Schiff: Bitcoin’s Rally Is a ‘Fakeout, Not a Breakout’
• Ethereum’s Target Is $4,000 or $10,000, Says Trader Who Predicted The Breakout
• Bitcoin Surges Above $71,000 as Raoul Pal Says It’s The ‘Bessent Put’ and ‘The Signal Is Enormous’
• Ripple CEO Garlinghouse Says Crypto Isn’t ‘Fringe’ After President Trump Declares US Is ‘Winning’

Trader Notes:

Trader Michael van de Poppe highlighted Bitcoin’s increased volatility is creating more trading opportunities, with potential longs around $70,300 to $70,800 and below $68,000 if a broader correction hits.

The trader remains bullish overall and expects more opportunities in altcoins.

ExitpumpBTC predicts Bitcoin could extend its rally toward $78,000 to $80,000, where the trader expects a meaningful rejection and consolidation.

However, the latest surge has strengthened their conviction that BTC is forming a bottom as its market structure improves.

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