Crypto wrap June 26: BTC eyes $108k as Ethereum, Bitcoin Cash, Kaspa gain

The cryptocurrency market is teeming with a renewed sense of optimism as Bitcoin (BTC) looks to break above $108,000. Ethereum is also up amid upticks for Bitcoin Cash and Kaspa . Gains for assets across the crypto sector sees the global market capitalization climb to $3.3 trillion, while trading volume is up 7% to over $111billion. Elsewhere, the global crypto Fear & Greed Index reads 50, suggesting neutral sentiment following recent volatility that saw prices plummet. Why is the crypto market bullish? Bitcoin’s uptick that is buoying altcoins aligns with slight upside movement in stocks . Federal Reserve rate cut potential and easing geopolitical tensions in the Middle East have helped Dow Jones Industrial Average rise 0.82% higher, while S&P 500 is also up. Other than interest-rate cuts, bets on President Trump replacing Fed chair Jerome Powell are reflecting in investor sentiment. Key events likely to also influence both crypto and equities include upcoming US economic data releases, notably the Producer Price Index (PPI) on Friday, and legislative progress on cryptocurrency regulations, such as the CLARITY and GENIUS Acts, which could enhance institutional adoption. Bitcoin hits $108k Bitcoin broke to $108,000 in early trades on Thursday, with bulls swiftly gaining the upper advantage following last week’s dip to under $99,000. Despite lingering Middle East tensions, BTC’s price steady action above $107k suggests a bounce to the $110k target is likely. However, traders might want to pay attention to trends around wallet behaviours. Glassnode analysts noted , “As $BTC attempts to reclaim $108K, the Accumulation Trend Score shows no unified cohort behavior. 1–10 #BTC wallets continue distributing, while 10–100 $BTC are net accumulators. Others show mixed signals, though the overall score has rebounded from 0.25 to 0.57.” At press time, Bitcoin changed hands around $107,225.27. Ethereum gains as BCH, KAS mirror Bitcoin upside Ethereum is holding firm at $2,424.67, posting a 0.55% gain, while Solana, XRP, Cardano, and BNB maintain slight advances above critical support levels. Among the top 100 coins by market cap, Kaspa (KAS) is currently at $0.07455, while Bitcoin Cash (BCH) rose 1.88% to hover around $491. These gains mirror Bitcoin’s upward pressure, particularly as proof-of-work assets benefit from renewed institutional interest. Kaspa’s momentum is further fueled by its Warpcore initiative, a financial middleware bridging the blockchain with global banking systems, enhancing its appeal for cross-border payments. Bitcoin Cash’s rally aligns with BTC’s strength, driven by corporate accumulation trends, with Strategy and Metaplanet’s ongoing Bitcoin acquisition spree notable. The spike for BCH underscores the broader trend that sees proof-of-work tokens like Litecoin (LTC) gain. Crypto top losers today While crypto looks to bounce higher amid various tailwinds, several top 100 coins are trading lower amid profit taking. Fartcoin, Sei, Curve DAO, and Pi Network currently rank as top losers, with declines of between 8-10% in the past 24 hours. FARTCOIN is the biggest loser with a 10% downturn in the past 24 hours. CRV and PI have dropped 9% and 8% in this period to trade around $0.51 and $0.55 respectively. As highlighted, these price declines reflect profit-taking amid the prevailing geopolitical and macroeconomic headwinds. Bitcoin eyes breakout above $108,000,while Ethereum is pushing above $2,500 as Bitcoin Cash and Kaspa lead top gainers. The post Crypto wrap June 26: BTC eyes $108k as Ethereum, Bitcoin Cash, Kaspa gain appeared first on Invezz

Source: Invezz