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Crypto Markets Today: BTC Reclaims $111K, ETH Tops $4K After Last Week’s Sell-Off

Bitcoin and ether have rebounded back to significant support levels, with BTC now trading near $111,000 and ETH over $4,000 after a market downturn that saw a $500 billion loss. Sentiment in the crypto market is seeing recovery, partly driven by increases in altcoins, specifically LINK, which surged 14%, and FLOKI, gaining 27%. However, the overall altcoin market sentiment remains subdued, marked by a low altcoin season index score of 26 out of 100. Market participants are opting to maintain their focus on Bitcoin, as its dominance within the total crypto market cap increases. Options trading for BTC and ETH is showing a bullish tilt, with significant call concentration at higher price levels. Despite the recovery, many altcoins still reflect substantial declines from their previous positions, indicating ongoing caution among investors. The relative strength index (RSI) for the market is at 54.2, indicating a transitional phase between support levels and resistance.

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Not Just Dogecoin: Elon Musk Pumps Floki Meme Coin Price With AI Shiba Inu Video

Elon Musk recently shared an AI-generated video of his Shiba Inu dog Floki on X, jokingly announcing Floki as the CEO of X. This playful post spurred a nearly 27% surge in the price of the Ethereum meme coin Floki, which reached a market cap of approximately $829 million. Musk&

Bitcoin and Quantum Computing: Nic Carter Explains the Threat and What To Do Next

Nic Carter, co-founder of Coin Metrics, argues that quantum computing presents the most significant long-term risk to Bitcoin's cryptography. He explains how Bitcoin’s private and public keys function through elliptic-curve mathematics, emphasizing that the security relies on a one-way transformation: it is easy to derive a public

Solana founder brews up new perp DEX ‘Percolator’

Anatoly Yakovenko, co-founder and CEO of Solana Labs, has unveiled plans for a new decentralized exchange (DEX) named Percolator, which will operate on the Solana blockchain. This perpetual exchange protocol allows traders to speculate on cryptocurrency prices without expiration dates. Percolator will feature two main on-chain programs: a Router program

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