Bitcoin Tops $126,000; Ethereum, XRP, Dogecoin Also Gain: ETH Will Pump Like Gold, Says This Analyst - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA

Cryptocurrency Market Overview - Leading cryptocurrencies experienced gains as investors shifted capital into riskier assets, with Bitcoin reaching a new all-time high above $126,000 and Ethereum briefly reclaiming $4,700 before settling around $4,670 [1][3] - The global cryptocurrency market capitalization increased to $4.28 trillion, reflecting a 1.76% rise in the last 24 hours [6] Performance of Major Cryptocurrencies - Bitcoin (BTC) rose by 0.63% to $124,566.84, while Ethereum (ETH) gained 3.36% to $4,670.30 [2] - XRP and Solana recorded modest gains of 0.25% and 0.80%, respectively, while Dogecoin saw a significant increase of 4.74% to $0.2648 [2][3] Market Sentiment and Trading Activity - Bitcoin's open interest increased by 1.51% to $93.89 billion, indicating a bullish sentiment despite a majority of Binance futures traders being positioned bearish [5] - Cryptocurrency liquidations reached $328 million in the last 24 hours, primarily driven by short liquidations [4] Investment Recommendations - Morgan Stanley's wealth report suggested that conservative investors allocate up to 2% of their portfolios to cryptocurrency, while those seeking higher growth could allocate up to 4% [4] Future Projections for Ethereum - On-chain analytics firm CryptoQuant noted a significant increase in the U.S. M2 money supply, correlating with Bitcoin's rise of 130% [9] - CryptoQuant projected that if global liquidity continues to expand, Ethereum could potentially reach $10,000, aligning with M2 growth [10]