Crypto Market Update: How Total Market Cap Affects Bitcoin and Chainlink Prices
Total Market Cap Stays Strong
After a recent rally, the total market cap remains above $2.3 trillion, aiming for the crucial $2.4 trillion resistance. Breaching this level could signal further growth opportunities for the crypto market.
Bitcoin Price Shows Resilience
Bitcoin's price hovers around $65,500, supported by positive market sentiment. A drop below $65,000 may lead to a corrective phase, while sustaining above can fuel optimism among investors.
Chainlink Takes the Lead
Chainlink performs as the top asset with a 21% rise in the past days, reflecting broader market bullish trends. Holding above $15.6 is crucial for further gains, while a dip could lead to a retracement to $14.4, impacting recent growth.
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.