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XRP price started a decent increase above $1.40. The price is now consolidating gains and might aim for more gains above the $1.4650 zone.

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Swan Bitcoin Managing Director John Haar argued on Wednesday that the market's repeated comparison between the current cycle and the 2022 bear market misses a fundamental point: the backdrop has changed. In a post on X, Haar said Bitcoin's roughly $65,000 to $70,000 range has acted as a floor for the past two months and may already represent the cycle bottom.

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Bitcoin has pushed back above $70,000 and is now testing resistance near $75,000, riding a wave of risk appetite that has sent equities sharply higher across global markets. The move looks straightforward on the surface — risk is on, assets are rallying, and Bitcoin is participating.

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Funding rates at 2023 lows signal the market is heavily short against bitcoin, ZeroStack's Daniel Reis-Faria says, setting up conditions for a forced unwind if prices push higher.