📈 Bitcoin at $61,000
Bitcoin (BTC) surged above $61,000 during early Asian trading hours on Wednesday, boosting market sentiment. Despite recent uncertainties—including Japanese yen instability and U.S. recession fears—investors are cautious ahead of the U.S. CPI data. The Accumulation Trend Score for Bitcoin has hit a record high, indicating strong HODLing by long-term holders.
🌟 Accumulation Trend Score
Bitcoin's Accumulation Trend Score is at its highest, with 374,000 BTC moving into holding status over the last three months. This suggests a growing tendency for investors to hold rather than spend, reflecting optimism about Bitcoin's future.
⚡ Toncoin & Ethereum Lead Sentiment
Ethereum and Toncoin are leading the positive market sentiment, with ETH up 3% to $2,724 and approaching $3,000. Toncoin (TON) has surged 8.05% to around $6.80, driven by GameFi growth and increased adoption of TON-based dApps.
🎮 TON’s Growth
TON’s GameFi expansion and strong community engagement on Telegram have led to significant growth in gameplay revenue. John Cheang of the TON Foundation highlights the platform’s success in breaking new records in blockchain gaming.