Crypto Market Continues Upward Trend as Robinhood Chain Surges

Bitcoin and Ethereum continue their upward trend, pushing out positive returns this week. Bitcoin's price has risen by 3.65% and Ethereum's by 3.43%, with the total crypto market cap following suit at $2.19T, up 2.34% from last week.

The weekly liquidations have remained low across the board, leaning towards short positions, with a peak of $282M on Monday. Funding rates remain stable for most majors, although some altcoins show unusually high or low funding rates.

Meanwhile, Michael Saylor's Strategy has sold 3,588 BTC worth $216M, bringing their total holdings to 843,775 BTC.

The Robinhood chain has gained popularity after the success of memecoins like Cashcat and others. Its daily DEX volume has surpassed $560M, with daily active addresses reaching 200,000 and almost 16,000 new tokens created in a single day.