The cryptocurrency market is showing activity with notable price changes in key assets. Bitcoin is showing significant growth, Shiba Inu is recovering, and Ethereum is approaching an important psychological mark.
Bitcoin Sets New Records
Bitcoin has once again confirmed its position in the cryptocurrency market by breaking through key resistance levels and reaching above $117,000 in record short time. This rise has been possible due to a significant increase in trading volume. The price broke through barriers that have hindered growth since spring and exited a multi-phase consolidation triangle. Trading volumes increased at this level, confirming the rise in demand for the asset.
Shiba Inu on the Path to Recovery
After a long period of decline and stagnation, Shiba Inu shows signs of recovery. The coin exhibited significant growth by breaking the 100-day and 50-day exponential moving averages. An increase in active transactions and the return of large investors to the market signal a potential prolonged rally. The next significant resistance level is set at the $0.000015 mark.
Ethereum Targets $3,000
Ethereum is approaching an important psychological mark of $3,000. Over the past few weeks, the price has gradually pushed out sellers and demonstrated bullish sentiment. The breakout above the $2,800 zone was a decisive moment, however, potential difficulties related to market liquidity and rising derivative rates should be taken into account, which may distract from further growth.
The cryptocurrency market is evolving. Bitcoin may be on the brink of a new rally, Shiba Inu shows signs of life, and Ethereum strives for established levels. The coming weeks could clarify the future of these assets.
