The cryptocurrency market is showing signs of recovery with the Fear and Greed index reaching the “Greed” zone

The cryptocurrency market is showing signs of recovery with the Fear and Greed index reaching the “Greed” zone and the total market capitalization touching US$3.37 trillion (around Rp55,651 trillion). Here are three digital assets that could lead the rally this week:

1. Bitcoin (BTC): Toward Ambitious Targets

Bitcoin managed to break through an important resistance level, rising from US$83,000 (Rp1.37 billion) to US$105,000 (Rp1.73 billion), before correcting to US$103,800 (Rp1.71 billion). Despite this, BTC recorded weekly gains of 10% and monthly gains of 24%.

CNBC analyst Tom Lee predicts BTC could reach US$250,000 ($4.13 billion), while VanEck’s Matthew Sigel estimates a target of US$180,000 ($2.97 billion) this year. The RSI indicator approaching the overbought zone indicates the potential for significant movement in the near future.

Also Read: Bitcoin Approaches Rp1.74 Billion: Trend Analysis and Challenges May 2025

2. Ripple (XRP): Heading for Record Highs

XRP performed positively with gains of 6.7% in the last 24 hours, 18% in seven days, and 22% in the last 30 days, trading at around US$2.50 (IDR41,300). Trading volume increased by 23%, reflecting high market interest.

Egrag Crypto analysts project that XRP could reach US$17 (Rp280,850) within this cycle, with a long-term target of US$120 (Rp1.98 million) within the next three years. To achieve this, XRP needs to break the US$3.50 (IDR57,820) and US$5.00 (IDR82,600) resistance levels.

3. Binance Coin (BNB): Upside Potential Supported by ETF

BNB has risen 4% in the past 24 hours and 15% in the past seven days, rising from US$576 (IDR 9.52 million) to US$688 (IDR 11.37 million). Standard Chartered predicts BNB prices could more than double this year, driven by VanEck’s BNB ETF filing and the integration of AI in Binance’s roadmap for 2025.

These steps show Binance’s commitment to adopting advanced technology to improve its ecosystem, which could have a positive impact on BNB prices.

Also Read: 3 Altcoins that Catch Analysts’ Attention Amid Positive Market Sentiment: Significant Growth!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.