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Crypto Pulse Daily: Bitcoin Surges Past $96K as ETF Demand Ignites Parabolic Hype

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Ripple has received early approval for an Electronic Money Institution license in Luxembourg. This helps increase its presence in Europe with regard to blockchain payments.

The Bitcoin price is on the comeback as it breached the $96,000 mark, resuming its rally since January. With the momentum it has acquired, Bitwise CIO Matt Hougan expects the token to see a parabolic rise, given the BTC ETF continues with its current inflow.

The meme coin market has experienced a significant rise, with a market capitalization now reaching $52 billion, marking an 8.1% increase in the past 24 hours.

Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are top meme coins that are on the upswing, with profits of between 8% and 14%.  This surge comes at the time the Bitcoin price has been soaring past $95,000. These price increases show a potential market reversal, and it is optimistic that meme coins will perform well in the near future.

Standard Chartered has projected Ethereum price could reach $40,000 by 2030, placing a long-term valuation thesis directly against current ETH price behavior. This outlook comes as Ethereum trades in a recovery mode, which is influenced by macro relief and a better structure. The contrast matters because price is still interacting with nearby supply rather than trending freely.