Cryptocurrencies continue to show positive trends amidst improved market conditions and optimistic forecasts regarding trade negotiations.
Bitcoin's Path to $100,000
Bitcoin, which fell below $75,000 a month ago, is now striving for the historic $100,000 mark. BTC's market capitalization has risen to $1.980 trillion. After a brief decline to $94,000, the price regained strength, reaching the $96,000 mark, which has become new resistance.
Ethereum and Altcoin Dynamics
Ethereum has overcome significant resistance at $1,850 and has reached over $1,900. Altcoins are also showing gains: XRP, SOL, ADA, TRX, AVAX, and XLM increased by 2-4%, while DOGE, LINK, and SUI gained up to 7.5%. BCH and PEPE have emerged as the most notable assets with gains of 11% and 12.5%, respectively.
Overall Growth of the Crypto Market
The total cryptocurrency market capitalization increased by almost $100 billion in a day, reaching $3.2 trillion. This positive movement is a result of improved market conditions and expectations from trade negotiations.
The cryptocurrency market is demonstrating a strong upward trend, which may indicate a recovery in investor confidence and positive dynamics in trading relations between countries.
