The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets.

However, the market euphoria should not overshadow the fundamental factors that shape its long-term dynamics. The success of the U.S. stock market, largely driven by the Fed's accommodative policy and technological advancement, has only an indirect impact on the crypto industry. What matters more are developments in crypto infrastructure, regulatory adoption, and the growth of institutional interest.

Regarding institutional interest, the company Bakkt announced yesterday that it plans to raise $1 billion to purchase cryptocurrencies, signaling growing trust in digital assets among major players. Bakkt intends to raise the funds through the placement of various securities. The capital will be used for corporate purposes and to purchase BTC and other cryptocurrencies to hold on its balance sheet.

This move appears highly ambitious and reflects Bakkt's leadership's belief in the long-term potential of the cryptocurrency market. Raising such significant capital will enable the company not only to solidify its position as an institutional platform for trading and custody of digital assets, but also to play an active role in developing crypto infrastructure. Buying BTC and other cryptocurrencies for its corporate balance sheet is a strategic decision—one that allows Bakkt to diversify its assets, increase potential returns, and attract more institutional investors looking for direct crypto exposure.

It's worth noting that Bakkt's move comes amid growing institutional interest in cryptocurrencies and rising trading volumes on regulated crypto exchanges. This could be a sign that the digital asset market is gradually entering a phase of maturity and becoming more appealing to large investors.

Trading Recommendations:

Bitcoin (BTC):Buyers are now targeting a return to the $107,500 level, which would open the way to $108,200, with the next target at $108,800. The furthest upside objective is the high around $109,200; a breakout above that level would confirm the strength of the bull market. In the event of a decline, buyers are expected at $107,000. A move below that level could quickly push BTC down toward $106,500, with $105,900 as the lowest downward target.

Ethereum (ETH):A clear consolidation above $2,460 paves the way to $2,498. The ultimate target is the high near $2,528; a breakout above this would signal a renewed interest from buyers. If ETH declines, buyers are expected around $2,425. A drop below that zone could lead to a rapid slide toward $2,390, with $2,355 as the final downward target.

On the chart:

• Red levels: Support and resistance areas where price is expected to either slow down or rise actively in the short term.
• Green line: 50-day moving average.
• Blue line: 100-day moving average.
• Light green line: 200-day moving average.

Price intersections or tests of moving averages often serve as areas of support/resistance or as momentum triggers for the market.