Ethereum Network raises gas limit to 60 Million, highest level in 4 years

XRP reserves on Binance have collapsed to record lows, reflecting intense selling pressure as the cryptocurrency market faces significant volatility and declining investor confidence. This situation is exacerbated by Bitcoin's struggles and the broader market's fear and uncertainty.

Bitcoin has rebounded above a key resistance level, recovering from recent selling pressure, although institutional selling persists amid significant ETF outflows. This recovery comes as Bitcoin's price has recently stabilized around the $86,000 mark after a modest bounce, reflecting mixed technical signals.

XRP, the digital token linked to Ripple, has experienced an 18% decline this month, nearing significant support levels as market data indicates a drop to a six-week low of $2.12. This downturn reflects reduced trading activity and profit-taking pressures within the cryptocurrency market.

Amundi has launched a euro money market fund on the blockchain, introducing the first tokenized share recorded on Ethereum, allowing investors to choose between traditional and blockchain-based versions of the fund.

Ethereum traders have increased their leverage as futures dominance rises, setting a price target of $3,400 for ETH. This strategic positioning comes as the cryptocurrency tests critical technical levels, indicating a potential rally if bullish sentiment prevails.

Solana (SOL) has demonstrated resilience by maintaining its position above the critical $140 support level, despite a recent $37 million hack on South Korea's Upbit exchange, which has raised concerns in the cryptocurrency market. The exchange has suspended deposits and withdrawals following the breach, which affected its Solana wallet.

Bitcoin has recently rebounded above the $90,000 mark after a period of intense selling pressure, yet the Coinbase Premium Index remains negative, indicating that US institutions are selling more aggressively than retail investors. This situation reflects ongoing market fears and uncertainty following a significant correction from the cryptocurrency's all-time high in October.

Shiba Inu's price has successfully defended its yearly low, bolstered by a bullish engulfing candle that indicates a potential structural shift in the market. This development suggests early signs of a reversal, setting the stage for a possible upward movement in value.