Crypto Markets Surge as BNB, BTC Lead Gains and New ETFs Enter Scene

The analysis of recent market developments shows that BNB has experienced a significant surge, reaching a weekly record of $802.82, reflecting a 15.54% increase. The open interest has hit an all-time high of $1.05 billion, indicating strong investor confidence. Predictions suggest that BNB may continue its upward trend, aiming for $810. Meanwhile, Bitcoin appears poised to revisit the $120,000 mark, driven by whale activity including a $920 million Bitcoin withdrawal from Kraken, which has contributed to the price rise and increased trading volume by 8.11% to $77.5 billion. Notably, Peter Schiff remains optimistic, suggesting a shift from ETH to BTC. Additionally, traders are encouraged to participate in Tokocrypto's promotional event with a chance to win up to Rp50 million, fostering engagement in crypto trading. In the Solana ecosystem, the golden cross formation of the 50 & 200 Moving Averages and a record ETF staking value of $105 million signal potential positive momentum for SOL, alongside increased stablecoin supply on the network. Furthermore, 21Shares has filed an ETF for ONDO, which has led to a 5.3% price increase, and a market capitalization of $3.44 billion, with the ETF utilizing Coinbase Custody and excluding leverage or derivatives. Investors should consider these signs of market strength and promising developments, but remain cautious given the inherent volatility and risks involved in cryptocurrency markets.