Reasons Behind the Crypto Market Surge Today
The Total Market Cap Crosses Significant Milestones
The total market cap reached $2.50 trillion, driven by spot Bitcoin ETF inflows and expected Ethereum ETF approvals. However, caution is advised as support levels are being tested.
Bitcoin Price Is Close to an All-Time High
Bitcoin's price nearing $73,650 is on track to set a new all-time high, propelled by bullish patterns. Yet, potential support tests at $68,500 may occur if resistance is not breached.
Lido DAO Takes the Top Spot
Lido DAO emerged as the top performer with a 30% spike in 24 hours. Strong support at $2.20 is crucial for further price gains while breaching it may invalidate the bullish thesis.
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.