Southeast Asian markets generally displayed positive movement as investors awaited major US inflation data. Bitcoin remained flat on the week, though Ethereum and a few other altcoins saw strong runs. Robert Kiyosaki, the author of the financial bestseller “Rich Dad Poor Dad,” recently sounded alarms over a coming economic storm. He encouraged investors to find a safe haven to ride out stormy seas—namely Bitcoin.

Ethereum continued the week’s momentum, rallying above significant resistance at $2,700, leading it to a 4.5% increase above $2,793. Altcoins mirrored this trend with Hyperliquid taking the lead at 4.8% increase. The overall sentiment was so bullish that it carried over to all the other top 10 cryptocurrencies. Consequently, the global crypto market cap gained 1% to $3.45 trillion.

Ethereum's Bullish Momentum

As Ethereum continues its bull run, growing investor confidence and high levels of staking are justifying Ethereum’s performance. At present, a staggering 34.6 million ETH tokens have been staked, representing a value near $90 billion. This demonstrates the almost religious attraction of the cryptocurrency.

Ethereum price movement has long been one of the interesting catches to market analysts. We are seeing open interest in ETH kicking up to all-time highs,” says Riya Sehgal, Research Analyst at Delta Exchange.

"Open interest has surged to a record $40 billion. A break above $2,900 could trigger liquidations worth $1.8 billion, potentially pushing ETH toward the $3,000 mark." - Riya Sehgal, Research Analyst at Delta Exchange

This is a strong sign that further price increases are yet to come. Finally, short positions may be forced to cover, adding to the upward momentum.

Altcoins Experience Gains

The altcoin market experienced a rising tide, with most alts deeply in the green showcasing an overall bullish mood across the crypto ecosystem. Hyperliquid had the largest advance with an 8.4% jump, and Sui rose 6%. Shiba Inu followed that positive move, climbing up 3%. Solana bounced 5%, Dogecoin 4%, and Cardano 3.7%.

Investors seem to be regaining their love for the altcoins. This enthusiasm is probably driven by Ethereum’s impressive rally and the expectation of good things to come from the overall market.

Bitcoin as a Safe Haven

As the market has continued to rally, pro-Bitcoin safe haven Robert Kiyosaki is back on the crypto scene. Rich Dad Poor Dad is warning that “global chaos” awaits us just around the corner. He recommends that investors help safeguard their wealth by looking to alternative assets such as Bitcoin. At the same time, Bitcoin held calm above the $109,600 mark.

Market analysts are closely watching the upcoming economic data releases.

"This is a decisive week with CPI and PPI data expected. These numbers will set the tone for the upcoming FOMC meeting, where traders are watching for any signals on rate cuts." - Vikram Subburaj, CEO of Giottus