Bitcoin Nears $100K: Crypto Market Soars to $3T, Ethereum Set for Breakout

Bitcoin Approaches New Highs Amid Tariff Developments and Market Consolidation

According to CoinDesk, the cryptocurrency market is currently consolidating near a $3 trillion market capitalization, with Bitcoin trading around $95,000. Analysts are predicting a potential breakout, as the market has been range-bound over the past week. Spot Bitcoin ETFs experienced a $56 million outflow, ending an eight-day streak of inflows that totaled nearly $3 billion. This period of consolidation, combined with negative funding rates, is seen by analysts as a precursor to a strong upward move in Bitcoin, especially as macroeconomic factors, such as ongoing tariff negotiations led by President Donald Trump, continue to influence sentiment.

“Such long consolidations usually accumulate strength for further movement. The next major trigger is likely to be Friday’s labour market data,” said Alex Kuptsikevich, FxPro chief market analyst, in an email to CoinDesk.

Pat Zhang, head of research at WOO X, noted that the average funding rate for Bitcoin has been negative over the past week, a rare occurrence that has only happened four times in the last two years. Historically, these periods have been followed by strong upward trends, suggesting that whale accumulation could be positioning Bitcoin for a significant move.

Asset	Recent Price Movement
Bitcoin (BTC)	Hovering near $95,000
Ether (ETH), BNB, Solana (SOL)	Stagnant
XRP, Cardano (ADA)	-2%
Dogecoin (DOGE)	-3%

Market cap near $3 trillion
Spot Bitcoin ETFs: $56 million outflow after $3 billion inflow streak
Key resistance: 200-day moving average at $3.01 trillion

Summary: The crypto market is consolidating near all-time highs, with analysts watching for a breakout as macroeconomic and technical factors align. (Source: CoinDesk)

Bitcoin Surges Past $96,000, Global Crypto Market Reclaims $3 Trillion

The Crypto Basic reports that Bitcoin has surged 3% in the past 24 hours, pushing its price above $96,000 and helping the global cryptocurrency market cap reclaim the $3 trillion mark. Ethereum, XRP, and Solana have also appreciated by 5%, 3.6%, and 7% respectively over the same period. Bitcoin has rebounded by over 29% from an intraweek low of $74,363 to above $96,000, driven by positive sentiment from US-China tariff discussions and speculation about institutional adoption, including rumors that NVIDIA may consider buying Bitcoin.

US Bitcoin spot ETFs have regained momentum, with an eight-day inflow streak totaling $3.9 billion, despite a recent net outflow of $56.23 million. However, Bitcoin faces strong resistance at $96,950, where 1.38 million addresses acquired BTC, making this a significant supply zone. If Bitcoin breaks this resistance, analysts suggest it could quickly escalate to $109,000 due to negligible supply zones above.

Metric	Value
Bitcoin Price	$96,920
BTC Market Cap	$1.92 trillion
Global Crypto Market Cap	$3 trillion
BTC ETF 8-day Inflow	$3.9 billion
BTC ETF Recent Outflow	$56.23 million

Strong resistance at $96,950 (1.38 million addresses)
Potential target if resistance breaks: $109,000

Summary: Bitcoin’s rally has pushed the global crypto market back above $3 trillion, but significant resistance remains at $96,950. (Source: The Crypto Basic)

Key Bitcoin Price Levels: $100,000 in Sight

According to Investopedia, Bitcoin has surged to its highest point since February, recently trading at $97,000. The digital asset is now within reach of the psychological $100,000 level, following a breakout above a pennant pattern. Investors are advised to watch for resistance at $100,000 and $107,000, with key support levels at $92,000 and $85,000.

The rally was fueled by news that Morgan Stanley is considering adding spot cryptocurrency trading to its E*Trade platform, and that MicroStrategy (Strategy) plans to acquire more Bitcoin through a $21 billion equity offering. Bitcoin is up about 30% from its early-April low, and is being viewed by some investors as a safe haven amid uncertainty surrounding US trade policies.

Price Level	Significance
$100,000	Major resistance, psychological level
$107,000	Next resistance, aligns with previous highs
$92,000	Key support, pennant low
$85,000	Secondary support, February low

Recent high: $97,000
Record high: ~$109,000 (January)
April low: below $75,000

Summary: Bitcoin is approaching the $100,000 mark, with technical analysis highlighting key resistance and support levels for investors to monitor. (Source: Investopedia)

Trump-Linked Stablecoin Powers $2 Billion Binance Deal; Major Firms Plan Bitcoin Purchases

Investor's Business Daily reports that Bitcoin has rallied 30% from its April low, reaching its highest level since late February. Binance and MGX have reportedly selected the Trump-backed World Liberty Financial to power a $2 billion investment deal. Additionally, Strategy and Metaplanet have announced plans to raise significant funds to buy more Bitcoin.

Strategy missed earnings but increased its Bitcoin target as the price topped $97,000. The report also notes that the dollar and S&P 500 have tumbled, while gold and Bitcoin have risen, as cash exits the US in response to trade war concerns.

Bitcoin up 30% from April low
Trump-backed World Liberty Financial to power $2 billion Binance/MGX deal
Strategy and Metaplanet to raise funds for Bitcoin purchases
Strategy missed earnings, hiked Bitcoin target at $97,000

Summary: Major institutional moves and a Trump-linked stablecoin are driving significant investment activity in the crypto sector, with Bitcoin at multi-month highs. (Source: Investor's Business Daily)

Ethereum to Simplify Cross-Chain Transactions with New Token Standards

Cointelegraph reports that Ethereum developers are working on two new token standards, ERC-7930 and ERC-7828, to improve blockchain interoperability. ERC-7930 defines a compact, binary format for interoperable addresses, optimized for protocols requiring a single representation for all blockchains. ERC-7828 adds a human-readable layer, using formats like address@chain, to ensure clarity for users.

The goal is to finalize both standards within the next two weeks, according to a recent Ethereum Foundation interoperability working group call. The new system would allow senders to specify the target blockchain when sending a payment address, reducing the risk of sending assets to the wrong chain and improving the user experience across wallets and decentralized applications.

ERC-7930: Machine-friendly, binary address format
ERC-7828: Human-readable address@chain format
Finalization targeted within two weeks
Prevents cross-chain asset loss and reduces user friction

Summary: Ethereum is set to enhance cross-chain usability and security with two new token standards, aiming for a more seamless multichain experience. (Source: Cointelegraph)

Ethereum Consolidates After 11% Rally: Key Resistance Levels

According to Yahoo Finance, Ethereum has rallied more than 11% since April 22, but has spent the last six days consolidating in a tight range between $1,744 and $1,835. The next directional move out of this range is expected to set the tone for the coming weeks. Key resistance levels to watch are $1,835, $1,956 (April high), $2,140 (March swing high), and the $2,520–$2,700 zone formed after the March 2 crypto reserve announcement.

A clean reclaim of $1,956 could open the door to higher prices, but without strong follow-through, there is a risk of false breakouts. The report advises traders to remain patient and wait for confirmation before acting, as broader market volatility has declined.

Level	Significance
$1,835	Top of current consolidation
$1,956	April high, next major target
$2,140	March swing high, key technical zone
$2,520–$2,700	Major high-timeframe resistance

Summary: Ethereum is consolidating after a strong rally, with several key resistance levels to watch for the next breakout. (Source: Yahoo Finance)

Analyst: Ethereum Is Underestimated, Holds Long-Term Potential

The Daily Hodl highlights the views of a trader known as DonAlt, who believes Ethereum is being underestimated and could emerge as a top market performer. DonAlt states that, aside from Bitcoin, Ethereum is his top pick for the long term, noting that ETH/BTC is holding key historic support levels on the weekly chart.

“If I had to pick one asset other than Bitcoin in crypto for the long term, it would still be ETH for me,” DonAlt said.

At the time of reporting, ETH/BTC is trading at 0.01914 BTC ($1,856), up nearly 2% in the last 24 hours. The analyst compares Ethereum’s current situation to Solana’s previous recovery, suggesting that negative sentiment due to poor price action may be temporary.

ETH/BTC: 0.01914 BTC ($1,856)
Up nearly 2% in 24 hours
ETH holding key support levels

Summary: Ethereum is seen as a strong long-term contender, with analysts pointing to its resilience and potential for a breakout. (Source: The Daily Hodl)

Ethereum Rally Fades as Indicators Point to Reversal

CCN.com reports that Ethereum, after recovering from its April low of $1,453 to $1,833, is struggling to maintain upward momentum. The price–Daily Active Addresses (DAA) divergence has turned bearish, falling to -51%, indicating reduced user engagement. Additionally, the Global In/Out of the Money (GIOM) metric shows that over 69 million ETH, held by 12.67 million addresses between $2,066 and $2,517, could create significant selling pressure if the price approaches this range.

ETH has been trading sideways between $1,756 and $1,833 since April 23, reflecting market indecision. The combination of declining network activity and looming resistance suggests that Ethereum may drift closer to its recent bottom rather than stage a quick rally.

ETH price: $1,833 (from $1,453 April low)
DAA divergence: -51%
Resistance: $2,066–$2,517 (69 million ETH, 12.67 million addresses)
Sideways range: $1,756–$1,833 since April 23

Summary: Ethereum faces bearish on-chain signals and strong resistance, raising the risk of a reversal toward recent lows. (Source: CCN.com)

Sources: