Cryptocurrency markets are holding strong, with Bitcoin briefly hitting all-time highs amid strong institutional interest and robust ETF inflows.

Bitcoin must now hold $107,923 to sustain upward momentum.

Crypto markets are displaying surprising resilience, with Bitcoin briefly touching new all-time highs amid strong institutional interest and robust ETF inflows.

See Also: Best Crypto ETFs

Notable Statistics:

* Bitcoin briefly hit highs of $108,008 during the morning hours.

* The Stellar Lumens price rose by 5% within 24 hours.

* The total cryptocurrency market cap reached $3.34 trillion.

Notable Developments:

* Institutional interest in Bitcoin is heating up, evident in the recent filings for Bitcoin ETFs by ARK Invest and WisdomTree.

* The U.S. Securities and Exchange Commission (SEC) recently approved the first spot Bitcoin ETFs, sparking a surge in ETF inflows.

* Stellar Lumens experienced a setback as the U.S. Court of Appeals ruled against Grayscale in its bid to convert its trust into an ETF.

Top Gainers:

Among the top 100 cryptocurrencies, Stellar Lumens led the pack with a 7.88% gain over the past 24 hours. Following closely were Chainlink and Monero, showing gains of 6.44% and 5.87%, respectively.

Trader Notes:

* More Crypto Online highlighted the importance of Bitcoin holding the level of $107,923 to continue the upward trajectory.

* Trader Scient views Bitcoin as being in the early stages of a broader move. He believes that a consolidation between $102,000 and $110,000 would be the ideal backdrop for an altcoin rally.

* Benjamin Cowen recounted his 2023 experience when a golden cross was followed by a surprise dip rather than a rally. With another golden cross expected within the next 1–2 days, Cowen cautions that 10–15% pullbacks are typically seen after this pattern, according to historical analysis.

* Blockchainedbb identifies the price levels of $98,000 to $100,000 for BTC and $2,000–$2,222 for ETH as significant zones to watch. She previously called a local top at $112,000 BTC and $2,777 ETH but maintains that the final peak is still to come, which she predicts for 2025. For now, she recommends taking a few weeks off from active trading.