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Hyperliquid's HYPE token has defied the crypto bear market, with open interest reaching $3 billion and a 32% weekly growth. The token rallied 44% in five days, hitting an all-time high near $77. The exchange's innovation in TradFi perpetuals, including SpaceX pre-IPO trading, is driving demand and institutional interest.
Bitcoin's price is showing signs of a potential rebound to $100,000 by September, driven by a developing double-bottom pattern and bullish divergence on its weekly chart. A break above $66,700 resistance is key, with a confirmed double-bottom suggesting a 60% upside. However, a bear flag pattern and increased whale inflows pose downside risks.
BitMine Immersion Technologies acquired 76,881 Ether last week, increasing its holdings to over 5.6 million ETH despite a market downturn. The company continues to stake over 4.1 million ETH to generate yield, aiming for 5% of the total circulating supply.
Bitcoin's recovery is linked to a potential US-Iran peace deal, with on-chain metrics showing weak momentum. Meanwhile, the CFTC has hired a former SEC crypto task force adviser, and MicroStrategy purchased 1,587 BTC, increasing its holdings to 846,842.
Bitcoin (BTC) shows signs of a potential double-bottom and bullish divergence, suggesting a rebound to $100,000 by September. A break above $66,700 resistance is key, with a confirmed double-bottom pattern potentially targeting $108,000. However, a bear flag pattern and increased whale inflows pose downside risks.
Ether (ETH) price is struggling to reclaim $1,700 due to bearish ETH futures trends and spot ETF outflows, signaling weak institutional appetite. However, strong demand for ETH staking and falling exchange deposits indicate holder confidence in its long-term value, preventing further price declines.
