BONK’s futures open interest tripled over the past week as Solana-based memecoins saw an influx of investors.
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Bitcoin price has been stuck below $100,000 since February, and data suggests the trend could continue, subject to the emergence of fresh catalysts.
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Regulatory tailwinds have helped Circle regain ground in the stablecoin market, with USDC outpacing USDT's growth since November.
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Bitcoin traders could risk off as a handful of US macroeconomic reports print throughout the week.
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Bitcoin spot demand could taper off this week, but onchain and technical data highlight healthy fundamentals, which could pave the way to new all-time highs.
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Bitcoin faces selling at $95,000, but steady buying at the lower end of the trading range hints at a brief period of healthy consolidation.
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New Bitcoin price highs could be driven by activity in US Treasurys and central banks boosting exposure to gold.
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The exploiter who stole $5.8 million from the Solana DeFi protocol on April 26 is negotiating to return the funds for a bounty.
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