Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are approaching their key resistance levels on Friday after rallying by 2%, 6% and 11%, respectively, in the previous day. This surge in the top three cryptocurrencies comes after reports emerged on Thursday that the United States President Donald Trump is set to sign an executive order that will pave the way for the inclusion of alternative assets, including crypto, in US 401(k) retirement accounts.
Pendle edges higher by over 2% at press time on Friday, extending the 25% surge from Thursday. The recovery run hits the highest price since January 7, targeting the year-to-date high of $5.59. The Moving Average Convergence Divergence (MACD) line crosses above its signal line, flashing a buy signal as bullish momentum resurfaces. The Relative Strength Index (RSI) stands at 66 on the daily chart, rising towards the overbought zone, which indicates heightened buying pressure.
Ethereum (ETH) is up 4% on Thursday following SharpLink Gaming’s (SBET) $200 million stock offering, of which it intends to use the proceeds to purchase additional ETH. Ethereum treasury firm SharpLink Gaming revealed it entered into a purchase agreement with estimated gross proceeds of $200 million to increase its ETH acquisition.
