Crypto wrap: Bitcoin dips to $115k, Ethena leads altcoins as ETH, XRP hold gains

Key Points

1. Bitcoin fell 2.9% to $115,150, driven by Galaxy Digital selling 30k BTC, triggering market liquidations.

2. Ethena (ENA) surged 20% to $0.58, leading altcoin gainers amid bullish predictions and whale activity.

3. Ethereum (ETH) held above $3,500, XRP defended $3.00, and Binance Coin (BNB) maintained a bullish trend near $775.

4. Some altcoins like Pump.fun’s PUMP dropped over 17%, while others like Raydium and Fartcoin pared gains.

5. Bitwise CIO Matt Hougan suggested the four-year crypto cycle may be weakening due to reduced halving impact and ETF growth.