In what’s turning out to be a powerful week for crypto bulls, Bitcoin is flirting with the $105K mark while Coinbase stock is running hot—up a massive 24% in just a single trading session. According to CoinDesk, this double-whammy rally could still have more gas in the tank. As institutional confidence builds and investors look for a hedge against market uncertainty, digital assets are quickly regaining center stage. And yeah, this time, the party might last longer than you think.
If you’ve been watching Bitcoin prices on TradingView, the latest move feels like a rewind to early 2021—only now, the macro narrative’s got a different beat. Instead of meme mania or pandemic cash, we’re riding the wave of AI-driven risk appetite, ETF inflows, and traditional market spillovers.
Coinbase’s Breakout: Not Just a One-Day Wonder
So, what’s lighting the fire under Coinbase ($COIN)? The recent 24% jump comes as traders increasingly view the platform not just as a crypto on-ramp but as a de facto stock market proxy for blockchain infrastructure. The rally was driven by momentum plays and strong technicals, but under the hood, there’s more going on. Analysts are pointing to optimism around crypto regulation clarity and stronger-than-expected revenue guidance tied to increased trading volumes.
Plus, let’s not forget the broader surge in interest for listed crypto companies—especially those serving institutions and offering custody services. Coinbase’s recent bullish price action could signal renewed confidence in the entire ecosystem.
Analysts Are Buzzing: $105K Bitcoin Isn’t Just Hopium
According to the CoinDesk report, Markus Thielen, Head of Research at 10x Research, noted that the recent rally has “more room to run” due to an unusually clean breakout above resistance levels. He pointed to risk-seeking behavior driven by artificial intelligence narratives and the liquidity rotation happening in traditional markets.
What’s wild is that this bullish push isn’t purely speculative—it’s grounded in quantitative support. Technical indicators, including breakout patterns and support consolidation zones, paint a picture of a breakout with legs, not just a quick pump.
Broader Market Vibes: Bitcoin Is Leading, But Not Alone
While Bitcoin is getting the spotlight, let’s not ignore the halo effect. Ethereum’s seeing steady buy-ins, and smaller altcoins are creeping up too. That’s got analysts buzzing about a potential altcoin season if Bitcoin manages to hold above $100K.
But make no mistake: this rally is less about meme tokens and more about fundamentals. With continued institutional flows into various Bitcoin products (note: not the Bitcoin fund we’re not naming), and increasing demand for compliance-focused exchanges, the market’s tone feels…mature. Well, almost.
A Quick Reality Check
Of course, it’s still crypto. Volatility is part of the game, and a strong uptrend doesn’t mean smooth sailing. Macro uncertainty—rate moves, geopolitical noise, or another regulatory curveball—can flip sentiment fast. But for now, the bulls are in control, and analysts aren’t pulling the plug on the party just yet.
Ready to Navigate the Crypto Market Like a Pro?
Discover blockchain excellence with Kenson Investments. Our team provides comprehensive digital asset consulting services and supports businesses with customized digital asset consulting solutions tailored to this evolving space. Whether you’re exploring strategic digital asset options or want guidance on blockchain asset investments, our digital asset specialists are ready to help.
Visit our services page to learn more about how we help you thrive in the digital era. Call now to speak with our team.
Disclaimer: The information provided on this page is for educational and informational purposes only and should not be construed as financial advice. Crypto currency assets involve inherent risks, and past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial advisor before making investment decisions.
The crypto currency and digital asset space is an emerging asset class that has not yet been regulated by the SEC and US Federal Government. None of the information provided by Kenson LLC should be considered as financial investment advice. Please consult your Registered Financial Advisor for guidance. Kenson LLC does not offer any products regulated by the SEC including, equities, registered securities, ETFs, stocks, bonds, or equivalents.
