cryptocurrency markets rebounded strongly on Monday, with Bitcoin, Ethereum, BNB, and Solana leading the charge in trading gains.
At 10:54 a.m., Bitcoin was trading 4.8% higher at $67,404, while Ethereum was up 4.7% at $3,485. The global cryptocurrency market cap also surged 4.9% to around $2.57 trillion in the last 24 hours.
«Bitcoin recovered from a brief dip, rising from $64,000 to over $67,500. Bitcoin surpassed its recent resistance level, with the next resistance at $68,116 and the next support at $62,005,» said Edul Patel, CEO of Mudrex.
The bitcoin rally has cooled slightly in recent days, along with other riskier assets, after a series of U.S. data releases that suggested the Federal Reserve may not cut interest rates this year as much as previously expected.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Other popular altcoins such as BNB (6.2%), XRP (2.4%), Solana (7.3%), Cardano (3.4%), Avalanche (5.4%), Dogecoin (2.3%), Shiba Inu (0.5%), and Toncoin (6.4%) surged.
The total crypto market volume over the last 24 hours is $77.42 billion, which makes an 8.24% increase. The