Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Crypto majors were slightly red, with BTC down 1% at $86,600 and ETH down 1% at $2,910, while BNB gained 1% to $856 and SOL held steady at $136. Among top movers, MON (+24%), SPX (+13%), and IP (+7%) led the market. In policy and institutional developments, Texas launched its Bitcoin reserve with a $5 million purchase of BlackRock’s IBIT ETF, marking the first deployment of its approved $10 million BTC budget. U.S. Bank completed a test of issuing a proprietary stablecoin on the Stellar network, and MoonPay secured a New York trust charter, joining firms like Coinbase and Ripple to expand institutional custody and service capabilities. Polymarket received CFTC approval to reenter the U.S., enabling it to onboard domestic users, brokers, and intermediaries, while Kalshi was blocked in Nevada from offering sports and election markets after a judge reversed an earlier ruling. Klarna introduced its own stablecoin, KlarnaUSD, on Tempo. Meanwhile, the Department of Homeland Security has reportedly been investigating Bitmain as a national security risk, examining whether the company can remotely access its equipment.
💡 DMK Insight
Crypto majors are showing signs of weakness, and here’s why that matters: BTC’s recent dip to $86,600 could signal a broader market correction. With BTC and ETH both down 1%, traders should be cautious, especially as we approach key support levels. BTC’s next significant support is around $85,000, while ETH could test $2,800. If these levels break, we might see increased selling pressure. On the flip side, BNB’s 1% gain suggests some resilience, possibly driven by bullish sentiment in DeFi projects. Keep an eye on MON’s impressive 24% surge—this could indicate sector rotation or a shift in investor interest. If BNB continues to outperform, it might attract more capital, impacting BTC and ETH negatively. Watch for any news from Texas regarding crypto regulations, as this could influence market sentiment. The immediate focus should be on BTC’s ability to hold above $85,000 and ETH’s performance around $2,800, as these levels will dictate short-term trading strategies.
📮 Takeaway
Monitor BTC’s support at $85,000 and ETH’s at $2,800; a break below these levels could trigger further selling.
