Dead cat bounce to $118K? 5 things to know in Bitcoin this week

Polymarket and Kalshi are leading the charge in the prediction market space, with weekly trading volumes surpassing an impressive $2 billion. This surge highlights the growing interest and participation in prediction markets, which allow users to bet on the outcomes of various events. The increase in volume not only signifies a robust market but also reflects a shift in how people engage with predictions and forecasts, making it a significant development in the financial landscape.

Bitcoin's recent price surge has hit a pause, while XRP and Zcash are experiencing notable gains. Arca, a digital asset investment firm, suggests that this rally is not just a temporary spike but indicates a more sustained interest in the cryptocurrency market. This is significant as it reflects the evolving landscape of digital currencies and investor sentiment, potentially influencing future market trends.

A recent survey by Coinbase Institutional and Glassnode indicates a cautiously optimistic outlook for Bitcoin, with most investors believing the bull market will persist over the next three to six months. This is significant as it reflects growing confidence in the cryptocurrency market, suggesting that institutional investors are increasingly willing to engage with Bitcoin, which could lead to further price increases and market stability.

The Shiba Inu cryptocurrency has seen a significant rebound of over 47% from its recent lows, rising to $0.000010, largely influenced by the performance of Bitcoin and other altcoins. However, the daily burn rate of Shiba Inu has dropped, and there are concerns as large investors, or whales, are selling off their holdings. This situation is critical as it could impact the token's long-term stability and investor confidence.

A prominent crypto analyst has sparked excitement by suggesting that Cardano (ADA) could be a game-changer in 2026, especially if it remains under $0.20. He believes this could be a unique buying opportunity, highlighting specific entry points and a potential five-wave price movement. This perspective is particularly intriguing as it contrasts with the current cautious market sentiment, especially following significant losses in Bitcoin's value. Investors are keenly watching Cardano for signs of a turnaround, making this analysis timely and relevant.

Sygnum Bank's CIO has highlighted the recent approval of Bitcoin ETPs in the UK as a significant milestone for institutional adoption of Bitcoin. This move by the UK Financial Conduct Authority not only legitimizes Bitcoin as an asset class but also paves the way for broader acceptance among retail and institutional investors. As more financial institutions recognize Bitcoin's potential, it could lead to increased investment and innovation in the cryptocurrency space.

CleanSpark's shares have surged following the company's announcement of an expansion into AI services, a strategic move aimed at diversifying revenue streams in the wake of the recent Bitcoin halving. This development is significant as it highlights the growing intersection between cryptocurrency mining and artificial intelligence, potentially setting a trend for other mining companies to follow.

Bitcoin has surged back to $111,000 following news from the White House that a government shutdown could be resolved this week. This development is significant as it reflects growing investor confidence in the cryptocurrency market, which often reacts positively to political stability. The potential end of the shutdown could lead to increased economic activity and further bolster Bitcoin's appeal as a digital asset.

XRP's price has shown resilience, bouncing back above $2.40 as Ripple makes strategic moves to enhance its institutional presence. The acquisition of GTreasury aims to integrate XRP and tokenized assets into corporate financial workflows, which could significantly boost liquidity and risk management for businesses. Additionally, Ripple is reportedly planning a $1 billion initiative focused on accumulating XRP and supporting liquidity, indicating strong confidence in the asset's future. This is important as it not only stabilizes XRP's market position but also signals growing institutional interest in digital assets.

Polymarket and Kalshi are leading the charge in the prediction market space, with weekly trading volumes surpassing an impressive $2 billion. This surge highlights the growing interest and participation in prediction markets, which allow users to bet on the outcomes of various events. The increase in volume not only signifies a robust market but also reflects a shift in how people engage with predictions and forecasts, making it a significant development in the financial landscape.

Bitcoin's recent price surge has hit a pause, while XRP and Zcash are experiencing notable gains. Arca, a digital asset investment firm, suggests that this rally is not just a temporary spike but indicates a more sustained interest in the cryptocurrency market. This is significant as it reflects the evolving landscape of digital currencies and investor sentiment, potentially influencing future market trends.

Dogecoin is making a notable comeback as technical indicators suggest a bullish trend. After a period of consolidation and a dip to $0.095, the popular meme coin is showing signs of recovery, with a breakout in its price structure and a positive RSI movement. This resurgence is significant as it reflects a strengthening market sentiment, potentially leading to a price surge between $0.21 and $0.25. For investors and enthusiasts, this could be an exciting time to watch Dogecoin's performance.

Despite recent positive developments for Ripple, including legal victories and new partnerships, the price of XRP continues to decline. This situation raises concerns and confusion among investors, as the optimism surrounding Ripple's ecosystem has not led to an increase in XRP's value. Understanding this disconnect is crucial for those involved in the cryptocurrency market.

A recent survey by Coinbase Institutional and Glassnode indicates a cautiously optimistic outlook for Bitcoin, with most investors believing the bull market will persist over the next three to six months. This is significant as it reflects growing confidence in the cryptocurrency market, suggesting that institutional investors are increasingly willing to engage with Bitcoin, which could lead to further price increases and market stability.