Analyst Van de Poppe says Bitcoin’s latest jump is impressive, but the market is still in a downtrend. He notes that $91K is the first major resistance and expects BTC to consolidate there. A pullback toward $85K–$86K is also likely before any further upside. He adds that today’s move was supported by a clean retest and the CME gap close, helping fuel the bounce.

According to the Nikkei, Japan’s Financial Services Agency plans to mandate that crypto exchanges set up reserve funds to cover losses from hacks, unauthorized access, or other asset outflow incidents. The goal is to ensure customers receive quick compensation whenever issues arise. This new requirement will be included in an upcoming report by the Financial System Council’s working group, marking another step toward strengthening consumer protection in Japan’s crypto sector.

Live trading for $MON has kicked off on multiple platforms, including Bitget, Phemex, and Solana. The launch features a 7.5% token sale on Coinbase, with more than 31,000 users already moving tokens through the native bridge. Developers are quickly integrating with Monad thanks to its high-performance EVM and oracle-ready infrastructure. Market sentiment remains mixed—some holders are struggling to sell their airdrops, while others view MON as a strong long-term opportunity.

According to analyst Van de Poppe, the recent crypto market crash closely resembles Bitcoin’s COVID-era plunge. Despite the heavy drop, he notes that traders back then also expected new lows—but those never came. As prices recovered, FOMO returned, pushing more buyers back in while bears rushed to re-enter. He says the same pattern may be forming now: the higher Bitcoin climbs over the next 1–2 weeks, the smaller the chance of revisiting the recent lows.

Bloomberg reports that Galaxy Digital CEO Mike Novogratz says the firm is in active talks with Polymarket and Kalshi to provide liquidity for their prediction markets. Galaxy has already begun small-scale market-making tests and plans to expand its involvement. Meanwhile, Jump Trading has also quietly started making markets on Kalshi, signaling rising institutional interest in the prediction-market sector.

Bitcoin has climbed back to $88.8K today, but the real momentum is coming from altcoins. XRP is up 7%, while SUI (+11%), PEPE (+8%), NEAR (+7%), TEL (+6%), and ETH (+11%) are all bouncing back after last week’s heavy FUD pushed many traders out of the market. With confidence slowly returning, these alts are showing early signs of a stronger recovery phase.