CRO Skyrockets to 30-Day Peak as Bitcoin Nears $109K – Bulls Take Charge
Crypto.com's native token defies gravity with a monthly high—while BTC flirts with six figures. Here's why traders are scrambling.
CRO's Meteoric Rise
No one told CRO about the 'crypto winter' memo. The exchange token ripped past resistance levels like a hot knife through institutional FUD.
Bitcoin's Six-Figure Tease
Meanwhile, BTC plays psychological games near $109K—close enough for hodlers to taste Lambo fumes, far enough to keep leverage degenerates awake at 3 AM.
The Real Winner? Exchange Coins
While retail debates 'store of value,' exchange tokens quietly eat the market's lunch—again. (Bankers still can't decide if they're 'securities' or 'the future,' so the party rolls on.)
One hedge fund manager sniffed: 'We prefer our volatility with a side of regulation.' Too bad the market didn't get the memo—volume's pumping like 2021 never ended.
CRO on the Run
Following news that Truth Social, the social media giant operated by the Trump family, had filed with the US SEC to launch a Crypto Blue-Chip ETF, which would include BTC, ETH, SOL, CRO, and XRP, the price of the Cronos ecosystem exploded by double-digits.
The asset went from roughly $0.082 to $0.095, corrected slightly, but shot up once again in the past day to over $0.1 for the first time in about a month. Although it has lost some traction since then and is currently down to $0.095, it’s still up by over 15% on the day.
The other assets mentioned in the filing are also in the green, albeit in a less impressive manner. SOL, XRP, and ETH are up by 1-2% daily.
More notable price pumps come from NEAR, AAVE, XLM, HBAR, and LINK, all of which have added around 5-6% of value.
The cumulative market cap of all crypto assets has recovered from the losses seen yesterday and is now up to $3.440 trillion on CoinGecko.
BTC Stagnation Continues
Bitcoin’s price moves over the past week or so have been quite unspectacular. The asset slipped toward $105,000 on July 2 but quickly erased the losses and headed above $110,600.
This move north was quickly rejected, but the bears and Bitcoin slipped back down to $108,000 as the weekend arrived. It spent most of it trading flat there and tried to break out on Monday. Again, though, to no avail.
In the past 24-48 hours, the cryptocurrency has been confined in a tight range between $107,600 and $109,300, currently sitting closer to the upper boundary.
Its market capitalization has risen to $2.160 trillion on CG, while its dominance over the alts is down to 62.9%.
