The NFT market has seen a resurgence, with CryptoPunks leading the charge as its floor price surpassed $100,000 for the first time since June. This comeback aligns with a surge in cryptocurrency markets, particularly Bitcoin. Over $14.5 million in CryptoPunks trading volume was recorded in the past week—a 730% increase compared to the prior week—while the overall NFT market saw a 95% increase to $163 million. Unique CryptoPunk owners reached an all-time high of 3,793, reversing its early trend of concentrated ownership. Some buyers, like pseudonymous trader Wheresrare, are leveraging crypto gains to acquire these blue-chip NFTs. CryptoPunks remains a digital luxury icon, with a history of high-value sales and influence extending beyond crypto culture.

MicroStrategy Buys Record $4.6B in Bitcoin as Prices Soar Past $90K

MicroStrategy has made its largest Bitcoin purchase to date, acquiring 51,780 BTC for $4.6 billion at an average price of $88,627 per BTC. This brings the company’s total Bitcoin holdings to 331,200 BTC, purchased at an aggregate cost of $16.5 billion and an average price of $49,874. The acquisition coincides with Bitcoin’s historic surge past $90,000, reaching $92,400.

The purchase was funded through a $4.6 billion share sale agreement with financial firms like TD Securities and Barclays Capital. MicroStrategy still has $15.3 billion available for future sales under the agreement. The company’s founder, Michael Saylor, remains bullish, dismissing any possibility of Bitcoin retracing below $60,000 and predicting further upward momentum. MicroStrategy plans to continue aggressive Bitcoin acquisitions under its “21/21 plan,” aiming to raise $42 billion over the next three years.

Dogecoin to $5? Gaussian Channel Predicts Massive Rally by 2025

Dogecoin (DOGE) could see a massive rally to $5, according to an analysis using the “Gaussian channel” model. The coin has recently gained attention following a 159% surge earlier this month and is currently consolidating near higher price ranges. Analyst Trader Tardigrade predicts a potential breakout based on DOGE’s historical behavior within the Gaussian channel, which has previously supported parabolic rallies.

Independent trader Javion Marks sees similarities with past parabolic rises in 2016, 2021, and 2024, suggesting a path toward its previous all-time high of $0.73, with the potential for the memecoin to climb as high as $3 to $5 by 2025, depending on diminishing returns.

Although recent wallet activity for DOGE has declined, Santiment, a data analytics platform, views this as a bullish signal, as experienced investors are likely accumulating coins sold by novice traders.

📊 CRYPTO PRICES 7D 💰

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