NFT sales skyrocket 40% to $221m, CryptoPunks jump 590%

A top analyst, Ali Martinez, is pointing to on-chain data that suggests Bitcoin could skyrocket to $130,000—but only if it manages to hold above a key support level around $110,000. The prediction comes after a modest rebound in Bitcoin's price, which is currently hovering near $118,000. However, another chart pattern warns that a drop to $109,000 is still possible, making the next moves critical for Bitcoin's near-term trajectory.

Editor’s Note: If you're watching Bitcoin, this is a high-stakes moment. The market is teetering between a massive rally and another dip, and the $110,000 zone is the make-or-break level. Analysts are split—some see a moonshot, others see a stumble—so traders should buckle up for volatility. For long-term holders, it’s another reminder that Bitcoin’s wild swings are far from over.

Hayden Davis, the creator of the LIBRA token, is rebranding the controversial project as a "memecoin" in a court filing—a move seen as a legal tactic to deflect a class-action lawsuit. Davis, already under scrutiny for the token's sketchy launch and subsequent crash, seems to be leaning into the absurdity of memecoins to downplay the seriousness of the allegations.

Editor’s Note: This isn’t just a quirky rebrand—it’s a legal maneuver that highlights how shady crypto projects sometimes try to dodge accountability. By framing LIBRA as a joke (like Dogecoin or Shiba Inu), Davis might be hoping the court takes the lawsuit less seriously. But given the project’s messy history, regulators and investors aren’t likely to buy it. It’s another example of how the crypto world walks the line between innovation and exploitation.

With Bitcoin's recent rally losing steam and prices stabilizing, traders are keeping an eye on a handful of altcoins—like Spark, Optimism, and Sui—that could see big moves this week. These tokens have either technical breakouts on the horizon or major updates that could shake up their value.

Editor’s Note: Even when Bitcoin takes a breather, the crypto market never really sleeps. Smaller coins often steal the spotlight during these lulls, especially if they've got big developments in the pipeline. If you're tracking crypto trends, these altcoins might be the ones to watch for short-term action—or at least some interesting volatility.

The NFT market is heating up again, with weekly sales surging 41% to hit $221.5 million—the best performance in months. Leading the charge are CryptoPunks, which saw an eye-popping 590% spike in sales, suggesting collectors are doubling down on blue-chip digital assets even as the broader crypto market remains volatile.

Editor’s Note: After a long slump, this rebound could signal renewed confidence in NFTs, especially among high-profile collectors. While crypto markets are still shaky, the sudden frenzy around iconic projects like CryptoPunks hints that the digital art and collectibles space isn’t dead—it might just be reinventing itself. For investors and creators, this could mean fresh opportunities (or another bubble in the making).

The crypto market is heating up again, with several altcoins—like Pudgy Penguins (PENGU), Ethena (ENA), Story (IP), Flare (FLR), and Cronos (CRO)—seeing big gains over the past week, jumping anywhere from 15% to 39%. This surge suggests investors might be rotating back into riskier assets as "altcoin season" kicks into gear.

Editor’s Note: If you've been watching the crypto space, you know altcoins often move in waves—quiet for months, then suddenly explosive. This rally could signal renewed confidence (or speculative frenzy) in smaller tokens, which might mean opportunities for traders but also higher volatility. Worth keeping an eye on, especially if Bitcoin stays stable while these smaller players run.