Crypto Watch: 3 Coins to Monitor This Weekend
The post Crypto Watch: 3 Coins to Monitor This Weekend appeared on BitcoinEthereumNews.com.
The largest crypto asset, Bitcoin (BTC), remains steady around $109,000 following its all-time high of $111,970, driven by institutional inflows, including $934.8 million into spot BTC ETFs. Cardano (ADA) has maintained strong support above critical levels while Dogwifhat (WIF) outperformed the broader market with double-digit gains. Now that the crypto market is taking a breather after the latest surge, certain digital assets are getting more attention leading into the weekend. Bitcoin (BTC), Cardano (ADA), and the Solana meme coin Dogwifhat (WIF) have come forth because of their promising market actions, fueling the bullish sentiment. Bitcoin (BTC) Holds Steady After Recent ATH Despite the rise of other currencies, Bitcoin remains in the top spot of cryptocurrencies. Since reaching its all-time high of $111,970 on May 22, Bitcoin’s price has been steady around $109,000. BTC’s recent drop from its high has not lowered its price much. This means that large investors, also known as whales, continue to see it as a promising investment. The main reason for the current upswing is inflows by large financial groups, with retail investors remaining on the sidelines. On Thursday, spot BTC ETFs recorded a phenomenal inflow of $934.8 million with BlackRock’s IBIT leading the pack with $877.2 million inflow. However, Bitcoin continues to struggle as long liquidations skyrocket after the latest dip. According to CoinGlass data, $112.02 million worth of BTC longs were liquidated in the past 24 hours. This sell move signals that derivatives traders are turning bearish on BTC. Nonetheless, as Bitcoin maximalists and whales continue to hold onto their BTC reserves, a rebound could be witnessed soon. Cardano (ADA) Price Stands Strong Amid the volatile market, Cardano’s price remained resilient, holding above critical levels. As of press time, the Cardano price dipped 3.92% to $0.7734. Earlier, ADA defied the slowing market trend and…
Filed under: News - @ May 24, 2025 6:27 pm