Key takeaways
Crypto markets have come back to life with Bitcoin (BTC) pushing higher by more than 3%, eyeing its recent all-time high of around $111,000. Ethereum has doubled that, rallying more than 7%, while several altcoins are also making big moves. Aave (AAVE) and Uniswap (UNI) have each surged more than 13% over the past 24 hours. What’s going on here?
Some positive signals on the crypto regulatory front: the SEC’s Paul Atkins said yesterday that new guidance and exemptions are needed for DeFi platforms, advocating for fewer barriers. If you recall, Uniswap is one of the leading DeFi trading platforms, and Aave is a decentralised lending platform. This marks a big step away from the combative stance of previous SEC leadership, and it’s a giant leap forward for crypto and DeFi.
In global news, US-China trade talks remain ongoing without a clear outcome just yet. The broader US stock market hasn’t budged since yesterday, possibly a sign that traders are holding their breath for any progress in these tense trade negotiations between the world’s two largest economies. Adding to the mix: tomorrow’s US CPI data, which could shape the tone of markets for the rest of the week. It’s a big one.
The global crypto market cap is now approximately $3.38 trillion, reflecting a 1.31% increase over the last 24 hours
The S&P 500 is up about 0.092% since yesterday.
The Crypto Fear & Greed index is currently at 55/100, indicating neutral sentiment.
The standard 14‑day RSI for BTC is around 62, below overbought (70) but showing stronger bullish momentum, increasing from yesterday’s low 40s.
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.