Crypto Update: 3 Coins to Keep an Eye on This Weekend

Bitcoin (BTC), the leading cryptocurrency, continues to stabilize at approximately $109,000 after reaching its peak at $111,970, buoyed by substantial institutional investments, particularly $934.8 million into spot BTC ETFs. Meanwhile, Cardano (ADA) has sustained robust support at key levels, and Dogwifhat (WIF) has seen significant performance, outperforming the overall market with gains in the double digits. As the cryptocurrency market pauses following its recent rally, some digital assets are drawing increased interest as the weekend approaches. Bitcoin (BTC), Cardano (ADA), and the meme coin Dogwifhat (WIF) on Solana have gained attention due to their strong market performance, which is boosting bullish enthusiasm. Bitcoin (BTC) remains stable following its recent all-time high (ATH). Even with the emergence of various other currencies, Bitcoin continues to hold the leading position among cryptocurrencies. After hitting a record peak of $100,970 on May 22, Bitcoin’s value has remained stable at approximately $109,000. Despite a recent decline from its peak, BTC’s price has not decreased significantly. This indicates that significant investors, often referred to as whales, still view it as a favorable investment. The primary factor driving the recent increase is the investments made by large financial institutions, while individual investors are staying on the sidelines. On Thursday, spot Bitcoin ETFs experienced a remarkable influx of $934.8 million, with BlackRock’s IBIT taking the lead at $877.2 million. Despite this, Bitcoin is facing challenges as long liquidations surge following its recent price decline. As per CoinGlass statistics, $112.02 million in Bitcoin long positions were liquidated in the last 24 hours.