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Bitcoin ($BTC) Surpasses $87K: What's Happening in the Crypto Market

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by Giorgi Kostiuk

2 hours ago


Recent data highlights significant price increases of Bitcoin ($BTC), which has risen above $87K following a brief dip last week.

Bitcoin ($BTC) Gains 16% in a Short Period

According to the latest market statistics, Bitcoin ($BTC) has jumped 16% since hitting a price low below $75,000 on April 9. This price movement is driving Bitcoin to the upper boundary of the price range.

Ethereum ($ETH) and Solana ($SOL) Follow Bitcoin

The crypto sector is witnessing significant price rallies during the Easter season. While Bitcoin leads the charge, Ethereum ($ETH) has also recorded a 1.46% price increase in the last 24 hours, currently trading at $1,638.29, with a short-term target of $1,680.

Cardano ($ADA) Shows Positive Results in the Market

The volatility increase in Bitcoin, Ethereum, and Solana is driven by trade tensions between the U.S. and China. Cardano ($ADA) has shown resilience with its current price around $0.6381 and is eyeing a short-term target of $0.70.

The increase in prices for key cryptocurrencies signals positive investor sentiment and a potential bull rally in the sector.

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