Ethereum’s breakout past $4,880 has reignited the crypto market, even as Bitcoin price steadied between $114K and $116K after its recent $118K peak this week.
ETH jumped 14% in a day on Fed rate cut hopes and rising institutional inflows. Meanwhile, Binance Coin (BNB) neared $900 with eyes on $1K, OKB showed overheated signals, and TRON landed major deals with MetaMask and Kraken.
Analysts are also weighing a potential BlackRock XRP ETF, while altcoin favorites like Bitcoin Penguins fueled fresh speculation.
Scroll down for the full recap of this week’s biggest crypto market news.
OKB Rally Sparks Caution as Analysts Warn of Sharp Correction
OKB price surged to $242 this week, soaring over 460% from monthly lows, but analysts warn the token may be on the brink of a crash. With RSI hitting 93, OKB is heavily overbought, while prices sit far above key moving averages. Wyckoff theory suggests a shift from markup to distribution, raising the risk of steep downside.
BNB Price Hits $899, $1K in Sight
Binance Coin (BNB) surged to a record $899 this week, lifting its market cap to $124.7 billion and fueling speculation of a $1,000 breakout. Institutional buys, on-chain strength with 115M transactions, and rising staking demand are driving momentum. Analysts now eye $923 as the next key test before four-figure targets.
Tron Price Steadies as MetaMask and Kraken Partnerships Fuel Long-Term Bullish Outlook
Tron (TRX) is holding steady near $0.353 after a week packed with major catalysts. The blockchain, integrated with MetaMask, has opened access to TRX and USDT for 100M+ users. Additionally, it has partnered with Kraken and BackedFi to bring tokenized stocks on-chain. With $82B in USDT circulating and $21B in daily settlements, Tron remains the backbone of stablecoin transfers. Analysts see $0.360–$0.375 as the next resistance, with strong on-chain activity cushioning downside risks.
Ethereum’s Breakout Sparks Altcoin Market Rally Hopes
Ethereum ripped to a record $4,880 this week, with open interest topping $33.8B and exchange reserves falling to all-time lows as whales accumulated. Institutional players, including DBS Bank, BitMine, and SharpLink, added ETH, offsetting ETF outflows. Michaël van de Poppe now sees the setup for crypto altcoins to “go ballistic,” with a 10x cycle in play.
Why a BlackRock XRP ETF Could Be the Next Big Move
BlackRock has ruled out a spot XRP ETF for now, but the case for one is building. The asset manager’s Bitcoin and Ethereum funds are already runaway successes, pulling in $84B and $14.7B in assets. Analysts estimate a Ripple ETF could attract at least $8B in its first year, fueled by XRP’s $176B market cap, $7.7B daily liquidity, and growing utility through the XRP Ledger and Ripple’s RLUSD stablecoin.
Strategy Stock Risks 20% Drop as Bitcoin Decoupling Deepens
MicroStrategy’s (MSTR) stock has slid to $365, testing critical support as it diverges from Bitcoin’s near-record highs. Technical charts warn of a bearish head-and-shoulders pattern that could drag shares down to $283. Rising short interest, dilution fears, and valuation concerns fuel the pressure, even as the firm holds over 628,000 BTC worth $74B.
Ethereum Nears $5K as Bitcoin Penguins Meme Coin Gains Buzz
Ethereum surged to a fresh all-time high near $4,860, with technicals pointing toward a potential run to $6,795 as ecosystem activity and ETF inflows climb. Meanwhile, new meme coin Bitcoin Penguins (BPENGU) is gaining traction, with presale hype and bold projections suggesting it could rally from $0.0018 toward $2.
Aave Expands to Aptos with Chainlink Integration
Aave has officially launched its V3 market on Aptos, marking its first move outside the Ethereum ecosystem. The deployment integrates Chainlink’s price feeds to secure lending and borrowing, while Aptos’s high-speed blockchain offers scalability for DeFi. With support for APT, USDC, USDT, and sUSDe, the launch opens new liquidity opportunities and boosts Aave’s multichain ambitions.
