Bitcoin trades above $77,000 on Wednesday morning, supported by optimism following remarks from the SEC chair at the Bitcoin 2026 event.

Bitcoin ETFs saw $89.7 million in net outflows on Tuesday, while Ethereum ETFs reported $21.8 million in net outflows.  


Cryptocurrency
Ticker
Price
Bitcoin(CRYPTO: BTC)$77,620.71
Ethereum(CRYPTO: ETH)$2,334.55
Solana(CRYPTO: SOL)$85.32
XRP(CRYPTO: XRP)$1.39
Dogecoin(CRYPTO: DOGE)$0.1100
Shiba Inu(CRYPTO: SHIB)$0.056473

Meme coin market capitalization is down 2.8% to $37.8 billion over the past 24 hours.

Trader Commentary: 

Trader Michael van de Poppe said Bitcoin is showing strength ahead of key macro events such as the FOMC decision and GDP data release, which often trigger pre-event dips. He noted the formation of higher highs and higher lows on lower timeframes, supporting a bullish outlook with a potential target between $85,000 and $88,000 in May.

CryptosBatman said Ethereum's pennant pattern appears to have broken down, shifting the short-term trend to bearish. The asset is now retesting a key bullish trendline and a bearish fair value gap; failure to reclaim these levels could lead to a move toward lower lows.

Crypto chart analyst Ali Martinez said Solana is breaking out of a triangle pattern, signaling a potential move toward the $77 level if momentum continues.

Industry expert Sjuul noted Dogecoin may have ended its downtrend and is now consolidating. Such sideways structures often precede larger moves, suggesting a breakout could follow.

Image: Shutterstock