Crypto Markets Today: Bitcoin Pulls Back, PENGU Open Interest Surges

Analysts remained optimistic saying they expect new lifetime highs in BTC and outsized gains in select few tokens, such as HYPE, SOL and ENA.

Bitcoin has dropped from overnight highs above $116,000 to under $115,000 $ETH as the Dollar Index remains steady.

Analysts are optimistic about bitcoin reaching new lifetime highs and expect significant gains in tokens like HYPE, SOL and ENA.

Smaller tokens such as MYX, HASH, PENGU, PUMP, and MNT have achieved double-digit price gains this week.$ETH