Crypto Bulls Charge: Bitcoin, Ethereum & Cardano Set Sights on New Highs – Asia Market Pulse
Digital assets flex muscle as Asia’s trading session kicks off—Bitcoin eyes resistance levels while Ethereum and Cardano show bullish divergence. Traders ignore traditional finance’s existential dread as decentralized networks keep humming.
Bitcoin: The OG crypto tests key psychological levels—institutional FOMO meets retail speculation in a classic liquidity tango.
Ethereum: Smart contract pioneer rides defi resurgence, leaving legacy banks scrambling to explain their ’blockchain initiatives.’
Cardano: The academic’s altcoin quietly builds infrastructure while moonboys complain about price action. Meanwhile, Wall Street still can’t tell a hash from a hashtag.
Bitcoin punches new all-time high above $111,800 following brief shock from weak 20-year bond auction
Bitcoin (BTC) hit a new all-time high above $111,800 on Thursday, rebounding from a brief dip to $106,000. The surge followed weak demand in the US Treasury’s 20-year bond auction, which pushed yields above 5%, potentially shifting investor interest toward alternative assets like Bitcoin.
Ethereum Price Forecast: ETH sees rising buying pressure as it recovers the $2,500 mark
Ethereum (ETH) saw a 2% gain in the early Asian session on Thursday, recovering the $2,500 key level after whales stepped on the gas with their buying pressure. Ethereum’s supply on exchanges extended its decline to 18.73 million ETH on Wednesday, indicating sustained spot market buying pressure. Since the metric began a downtrend on April 24, more than 1 million ETH have left exchanges to private wallets for potential long-term holding. As a result, ETH’s supply on exchanges has reached its lowest level since August 2024.
Cardano holds bullish structure as stablecoin market cap surpasses $30 million with USDA launch
Cardano’s (ADA) price upholds strong bullish sentiment, trading at around $0.78 on Wednesday as cryptocurrencies broadly reach for higher highs. The smart contract token’s bullish outlook follows major milestones achieved in the first quarter, including enacting a new constitution, remarkable growth in its stablecoin market capitalization and diversity in the Decentralised Finance (DeFi) ecosystem.
