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Bitcoin surpassed $26,000, marking its highest level in a week, following BlackRock’s recent filing for a spot bitcoin ETF. Other cryptocurrencies like Ether, SOL, ADA, MATIC, and ALGO also experienced a boost. The market’s recovery highlights the influential power of major financial institutions on the crypto market despite regulatory and inflation concerns.

The Pepe Coin price has risen by 10% in the past 24 hours, as the wider cryptocurrency market gains by 2%. Its 24-hour trading volume has climbed from $50 million to over $100 million, suggesting a potential recovery rally for the meme token. However, more risk-averse traders may prefer new altcoins with use cases, like ecoterra, a recycle-to-earn platform with promising fundamentals.

XRP’s price has surged by 1% in the past 24 hours, reaching $0.478546, amid increasingly positive expectations regarding Ripple’s ongoing case with the SEC. XRP’s recent dips could be an opportunity for investors anticipating substantial returns. The release of the Hinman emails this week strengthens Ripple’s case, and the market anticipates a favorable outcome, which could push XRP’s value higher.

Bitcoin faces resistance at $25,600 as market participants await key developments, such as growing regulatory scrutiny in the US and potential changes in the cryptocurrency market landscape. Meanwhile, Cryptocurrency wallet provider Celsius plans to convert 15 tokens to Bitcoin and Ethereum, and Hong Kong invites international exchanges to apply for licenses amid SEC crackdowns.

Chinese banks plan to expand the use of the digital yuan for purchasing wealth management products, allowing customers to connect their central bank digital currency (CBDC) holdings with securities accounts. This move strengthens the digital yuan’s practical applications in the financial industry and continues its ongoing rollout, but potential adverse effects on privacy, freedom, and the global economy remain to be seen.

The cryptocurrency market shows signs of recovery with Bitcoin bouncing back to $25,500, driven by factors such as Blackrock’s filing for a spot Bitcoin ETF and oversold conditions. However, caution and vigilance are essential as the market navigates uncertain conditions and ongoing regulatory disputes.

BlackRock’s filing for a spot Bitcoin (BTC) trust has received mixed reactions from the crypto community, with some believing it boosts investor confidence while others argue it undermines cryptocurrencies’ decentralized nature. The move highlights the ongoing tension between the decentralized ethos and traditional financial institutions’ growing interest in the sector.

Federal Reserve Chair Jerome Powell’s recent statement on maintaining current interest rates has raised concerns among investors, possibly impacting Bitcoin’s value. The cryptocurrency market experiences a liquidity decline as uncertainty around a potential Bitcoin downturn looms. Meanwhile, Binance nears a compromise with the SEC to avoid asset freezing, and technical analysis reveals intriguing patterns for Bitcoin price prediction.

Federal Reserve Chairman Jerome Powell opts to “skip” a round of rising interest rates amid mixed reactions. As inflation reaches a 40-year high and citizens report higher living costs, some analysts believe the decision might do more harm than good. This scenario also highlights the varying roles and adoption of cryptocurrencies across different countries.

Crypto prices face sell pressure due to the US Federal Reserve’s hawkish interest rate outlook, impacting Bitcoin and Ether. Despite setbacks and regulatory uncertainty, projects like Wall Street Memes, yPredict, and AiDoge show promise and gain traction, offering opportunities for investors.

A Bitcoin whale recently transferred 50 BTC, worth over $1.2 million, that had remained untouched for more than 13 years, stirring curiosity around long dormancy and sudden asset shifts. Long-term “HODLers” have proven to be the most successful investors, with Bitcoin’s value consistently increasing despite volatility.

Bitcoin’s daily RSI, Cipher B readings, and Bitcoin Risk Signal are reflecting similarities to Q3 2020, just before BTC surpassed its all-time high. Glassnode co-founders Yann Allemann and Jan Happel identify these metrics as indicators of potential significant reversals and rallies, showing promise for the cryptocurrency’s long-term prospects. However, investors should exercise caution due to market unpredictability and volatility.

The cryptocurrency market is experiencing increased HODLing and a shift of capital from altcoins to major cryptocurrencies like Bitcoin. Recent data indicates a growing preference for Bitcoin, with its dominance rising to 47.6%. Despite this, investors should remain cautious and vigilant, as market conditions can change rapidly.

The wallet associated with Curve Finance founder Michael Egorov partially repaid a debt to lending protocol Aave, alleviating potential liquidation and selling pressure concerns. The wallet holds over 288.7 million Curve DAO tokens and has 60.7 million USDT borrowed against it, accounting for over 30% of the entire CRV token supply.

The Shiba Inu price dropped 4% in the past 24 hours, possibly due to recent SEC actions against Binance and Coinbase. Whale activity in SHIB has surged, hinting at recovery as Shibarium’s layer-two network progresses, and the token maintains popularity among ERC-20 whales.