Gains among exchange-traded funds were led by BlackRock's IBIT.

Some traders have started buying puts to protect against a potential sharp decline, according to Greeks.Live.

The “fear and greed” index reading is now at 87, a sign of “extreme greed.”

The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said.

An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.

Just four cryptos in the index outperformed Bitcoin's 5.2% gain.

Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.

A price target of $990 is based on the assumption that bitcoin will reach $125,000 by year-end 2025, the report said.

PEPE tokens were up as much as 51% in the past 24 hours as some traders considered the meme tokens as an Ethereum ecosystem bet.