The cryptocurrency market continues to show positive dynamics, with Bitcoin reaching a new record and Ethereum also showing significant growth.
New Highs for Bitcoin
Bitcoin smashed past all records, hitting a new all-time high at $117,295. The positions of major assets in the market remain strong, as the total volume of cryptocurrency assets increased by 6.17%, reaching $3.68 trillion.
Ethereum Surpasses Key Levels
Ethereum posted a recovery of over 8.51%, breaking crucial barriers. As of this writing, it trades around $3,019, with a market cap reaching $363.65 billion. The daily trading volume of Ethereum surged by 35.53%, touching $38.38 billion.
Market Forecasts
Indicators suggest active bullish momentum for the ETH/USDT pair. However, many technical indicators, such as RSI, indicate that the market may be overbought. In the event of a correction, Ethereum could face support levels at $2,970.
The cryptocurrency market is showing strong growth with new records set for both Bitcoin and Ethereum. While bulls maintain control, potential corrections remain under observation.
