X @CoinMarketCap

Market Trends - Altcoin season is confirmed, with the CMC Altcoin Season Index rising to 56 [1] - Pudgy Penguins (+53%) and Ethena (+59%) are leading the altcoin surge [1] - The NFT market is rebounding, led by CryptoPunks, Moonbirds, and Pudgy Penguins [3] - Community buzz surrounds XRP's ETF updates and the resurgence of NFTs [4] Cryptocurrency Performance - Ethereum has surged to $3,844, targeting $4,000, driven by limited supply and booming institutional interest [2] - Conflux has surged 100% to $0.28 following its 3.0 upgrade and stablecoin partnership [1] - Bitcoin is consolidating between $116,000 and $120,000, with support at $115,000-$116,000 [3] Institutional Investment - MicroStrategy has added 6,220 BTC, valued at $740 million, at an average price of $118,900 per BTC [2] - Ethereum ETPs saw a record inflow of $2.12 billion last week [2] - Global ETP turnover has reached $39 billion [2] Technical Analysis - Bitcoin's RSI at 71% suggests a potential parabolic run to $125,000-$127,000, with a possible test of $110,000 if momentum fades [3] - Ethereum is in a running wedge pattern since $1,700, now at $3,844, with resistance at $4,100-$4,200 and a medium-term target of $5,000 [4] - Market cycle indicators show 0/30 top signals triggered, indicating further upside potential [4]