The cryptocurrency market has displayed a strong bullish reversal over the past 48 hours. Notably, after adding 3.34% to its valuation yesterday, the market has added another 0.91% to its portfolio today. This shows rising optimism among the investors and further hinting at higher price targets in shorter time periods.
Bitcoin, Ethereum, XRP Breakout of Important Resistance Levels
Amid a strong bullish bounceback, the top cryptocurrencies have successfully regained momentum. This has resulted in major tokens breaking out of their important test levels, highlighting a rising positive influence in the crypto space.
Top crypto prices today, Source: CoinMarketCap
The Bitcoin price has regained the $110,000 mark today with a jump of 2.27%. With this, the largest crypto token is only 1% or $1,654 away from achieving a new all-time high (ATH). However, the dominance of BTC has declined to 64.4361% despite a market capitalization of $2.193 trillion.
Bitcoin price chart, Source: TradingView (BTC/USDT)
After multiple failed attempts, the Ethereum price has finally reclaimed the $2,600 mark today for the first time since June 17. Notably, the ETH crypto recorded the highest gains among the top 10 with a jump of 7.21%. Following this, the market valuation of ETH has increased to $317.21 billion.
Ethereum price chart, Source: CoinMarketCap
The XRP price has successfully breached its resistance of the triangle pattern after witnessing multiple failures over the past two months. The current listed price of XRP is $2.29 and is now headed toward its important resistance of $2.31. The daily trading volume has shot-up by over 83% with its market valuation surpassing $133 billion.
XRP price chart, Source: TradingView (XRP/USDT)
Trending Cryptos Today
- Mood Deng (moodengsol.com) MOODENG
- Bonk (BONK)
- Sui (SUI)
- Bitcoin (BTC)
- Ethereum (ETH)
Top Gainers & Losers Today
GaniersLosersBonk (BONK): +17.31%Four (FORM): -3.27%Fartcoin (FARTCOIN): +15.63%Quant (QNT): -0.49%Dogwifhat (WIF): +13.49%PAX GOLD (PAXG): -0.32%Crypto Market Cap Overview
With a strong bullish reversal, the crypto market is back on track as a significant inflow has been witnessed recently. Notably, the global market valuation has increased by <1% in 24 hours with a 39.92% jump in its intraday trading volumes. This has resulted in the crypto industry reclaiming its $3.4 trillion mark.
The Fear & Greed index has also increased to 54 (slightly bullish). This trend suggests a rising momentum in the crypto space. Furthermore, the Altcoin season index is now at 23, suggesting a shift of trend toward the altcoin market from Bitcoin season.
