Bitcoin and Ethereum demonstrate steady consolidation with moderate price increases, while the SPX6900 meme coin recorded double-digit gains amid growing institutional activity and improving market sentiment.
Bitcoin trades near $109,507 with a 3.59% daily gain, finding technical support above its 50-day exponential moving average. Bitcoin’s relative strength index (RSI) reading of 60 indicates possible further appreciation potential.
Ethereum climbed 3.16% to $2,559 despite mixed technical signals. Its RSI of 54 approaches neutral territory while an average directional index (ADX) of 11 suggests weak trend momentum and uncertain directional movement.
SPX6900 surged 12% to $1.27, outperforming major cryptocurrencies. Technical indicators suggest continued strength as the coin holds above the key $1.10 support level at the 50-day EMA with an RSI of 52.
Institutional interest continued to grow with BlackRock’s spot Bitcoin ETF (IBIT) exceeding $75 billion in assets under management. Meanwhile, Robinhood expanded Ethereum ecosystem adoption by integrating 213 tokenized stock contracts onto the Arbitrum network.
These developments collectively highlight broadening institutional involvement across cryptocurrencies amid generally positive market dynamics.