Crypto Market Steady Amid Institutional Growth and Technological Upgrades

The price of Bitcoin continues to consolidate above $100,000, maintaining a range between $100,000 and $108,000, with key support at $100,000 and resistance at $109,500. Miners have decreased their sales by 12% over the past month, indicating a reduction in sell pressure, while institutional investments and ETFs are on the rise, suggesting sustained institutional confidence. Ethereum remains stable around $2,500–$2,600, with the implementation of EIP-4844 (Proto-Danksharding) reducing transaction fees on Layer 2 solutions through a new 'blob-carrying' transaction type aimed at lowering costs and enhancing scalability. The upcoming Dencun upgrade, which includes Proto-Danksharding, is projected to generate significant network impact. BNB has held its value in the $640–$655 range, with Binance continuing token burns and introducing deflationary mechanisms that support long-term upward momentum, amid ongoing regulatory and legal challenges in the US. XRP is maintaining around $2.12, driven by recent expansion efforts such as a cross-border transfer agreement with a Filipino bank, with large holders accumulating despite unresolved US legal issues. Solana has experienced a 4% increase in the last 24 hours, reaching approximately $170 amid active NFT platforms and new DePIN projects, with TVL in DeFi exceeding $3 billion, indicating a revival of user activity.