Total Crypto Market Cap Surges from Key Support

Thursday, 9 May 2024, 07:32

The total crypto market cap experienced a significant bounce back today, reaching $2.22 trillion from a crucial support level. Bitcoin's price also showed positive movement, while Akash Network's price surged by 15% due to the market sentiment. Investors should remain cautious as further declines are still possible despite the temporary relief observed today.
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Total Crypto Market Cap Surges from Key Support

Total Market Cap Saved From Decline

The total value of all cryptocurrencies rose by $20 billion today, bringing the market cap to $2.22 trillion. This bounce back from the support level at $2.2 trillion marks a significant recovery.

Bitcoin Price Keeps Above Key Support

Bitcoin's price action aligned with the broader market cues as it bounced back from the support at $61,000. However, caution is advised as a decline below this level could still occur in the near future.

Akash Network Makes the Most of the Situation

Akash Network's price surged by 15% today, trading at $4.8, close to $5. The altcoin faces strong resistance levels at $4.8 and $5.1, potentially leading to a correction if these barriers are not breached.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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