Daily Crypto Signals: Bitcoin Hits $109K While Ethereum Eyes $2800 Breakout

Bitcoin continues trading near all-time highs above $109,000 as institutional adoption accelerates, while Ethereum approaches a critical

Bitcoin continues trading near all-time highs above $109,000 as institutional adoption accelerates, while Ethereum approaches a critical $2,800 resistance zone that could determine its path to $3,000. The crypto surge comes amid mounting concerns over global debt markets, with rising bond yields paradoxically boosting Bitcoin’s appeal as both a risk asset and safe-haven alternative.

Investor sentiment in the crypto market is changing drastically since conventional financial markets show signs of pressure. U.S. 30-year Treasury yields, at their highest since October 2023, have pushed global bond yields into overdrive.

However, diverging from the usual risk-off playbook, this macroeconomic backdrop is altering how investors view Bitcoin and other digital assets. As the dust settles on a remarkable period for cryptocurrencies, new developments are emerging.

With the spot Bitcoin ETFs now boasting over $104 billion in assets under management – a new all-time high – institutional capital continues to pour into cryptocurrencies at an unprecedented rate.

Complementing Bitcoin’s new all-time peak of $111,970 on May 22, the latest trading week saw around $2.75 billion flow into U.S.-based spot Bitcoin ETFs.

Highlighting increasing government support for crypto infrastructure, Pakistan is setting up two to provide 2,000 megawatts of surplus electricity for Bitcoin mining and artificial intelligence centers.

Backed by the Ministry of Finance, this project aims to attract billions in international investment and create possibilities for high-tech employment.

Bitcoin Price Prediction: $130K Next Target?

Currently trading above $109,000, Bitcoin (BTC/USD) remains the market leader after momentarily touching the resistance at $111,980.

With MicroStrategy’s Michael Saylor hinting at another substantial Bitcoin purchase through his usual Sunday chart post, the digital asset has shown remarkable resilience amid global economic instability.

Holding 576,230 BTC, valued at over $62.5 billion, with unrealized gains exceeding $22 billion, MicroStrategy remains the largest corporate Bitcoin holder, showcasing the company’s long-term vision. Closely followed as a benchmark for institutional Bitcoin adoption, the company’s holding denotes a 55.5% increase on its total investment.

Technical analysis suggests that Bitcoin must maintain support above the yearly opening level, which stands above $93,500, to preserve its bullish structure. A breach below this level, perhaps causing a decline to $100,000, could bring the 20-day exponential moving average into play at $104,199.

If Bitcoin can successfully break above the $109,588 to $111,980 resistance zone, its technical target will be $130,000. Together, institutional demand, sovereign wealth fund interest, and rising ETF approval provide fundamental support for further gains.

Ethereum Set to Break $2,800 and Test $3,000

Currently trading around $2,500 following a recent 2% drop, Ethereum (ETH/USD) faces a turning point as it approaches the $2,800 milestone. On-chain data reveals a notable concentration of investor cost basis at $2,800, forming a potential resistance cluster as those who entered around this level might attempt to exit at breakeven.

Glassnode’s cost-basis heat map highlights substantial density of wallet activity precisely around the $2,800 zone, indicating investors who have been underwater since early 2025. As ETH approaches this level and strong demand is needed to absorb the potential supply, this concentration could generate selling pressure.

However, Ethereum has strong support below current levels; blockchain data suggests a demand zone between $2,330 and $2,410. This sector provides a robust foundation for any potential pullback, as 2.58 million addresses in this range collectively hold around 63.65 million ETH.

As there are no significant resistance levels above the cost basis cluster, the technical setup implies that a decisive breakout above $2,800 could quickly propel Ethereum toward $3,000.

The question now is whether a retreat toward the $2,370 support zone would reset the rally or if the bullish momentum can overcome the upper resistance.

Hyperliquid Getting Ready for a Breakout?

Technical analysis points to a possible 240% gain by July for Hyperliquid’s native token (HYPE), drawing attention as it mirrors Solana’s explosive 2021 breakout pattern.

HYPE, currently trading above $38.53, has broken through the $35.73 resistance level, indicating sustained positive pressure. The token’s price