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On Thursday morning, the largest cryptocurrency Bitcoin broke through the long-awaited $97,500 mark, setting a new all-time high. BTC is only 2.5% away from reaching the iconic $100,000 milestone. The optimistic sentiment towards cryptocurrencies in the US has driven the rise of Bitcoin.
In the past 24 hours, the total market capitalization of cryptocurrencies has surged over 3%, reaching $3.17 trillion. Its 24-hour trading volume reached around $190 billion, an increase of 5%. This surge came as speculation intensified about the Trump team discussing the establishment of a cryptocurrency policy department at the White House. Trump's shift from skepticism to support for cryptocurrencies is making significant progress in the digital asset realm.
Bitcoin rises to $97,500
The price of Bitcoin has risen 6% in the past 24 hours and 45% in the past 30 days. As of the time of writing, the average trading price of BTC is $97,115.3. Its 24-hour trading volume has surged 12%, exceeding $84 billion.
Market analysis:
BTC has hit a new high again, and it's not far from the 98-100 range, of course, 98-100 is just a predicted high point, whether it will be or not, according to the current trend of BTC, it's really not easy to say. Now the BTC market is a one-way capital take-off, which cannot drive the overall market trend.
ETH has reached the defense position of 3000, and the daily line closed with a green candle yesterday, and the four-hour level has shown a bearish signal. According to the current trend, the possibility of ETH breaking through 3000 is increasing. If this round of Altcoin breaks through 3000, it is expected to go to the 2760-2850 area.
Altcoins are following ETH, and the long-term cycle does not affect the Altcoin trend. The Altcoin season has not yet arrived, and except for the short-term money-making effect of the low-cap MEME sector, most sectors are adjusting in coordination. Patience is needed.
Layout 3 cryptocurrencies to profit 100 times in the future bull market!
1.SOL
The current price of Solana (SOL) is US$242.13, with a 24-hour trading volume of US$9,736,320,681. This indicates a price increase of 1.90% in the past 24 hours and 10.22% in the past 7 days. The circulating supply is 474.60 million SOL, and Solana's market cap is US$113,924,513,586.
If the price breaks through the $240 resistance level, it may aim for the next level of $280, which would be a significant increase from the current level. The bullish MACD and high stochastic indicator also support the upward trend. Therefore, Solana is likely to continue rising in the upcoming Altcoin season.
2.WIF
The current price of dogwifhat (WIF) is US$3.18, with a 24-hour trading volume of US$1,059,972,867. The circulating supply is 998.93 million WIF, and the market cap of dogwifhat is US$3,183,920,735.
Dogwifhat, a Solana-based meme coin launched in November 2023, has quickly captured people's attention with its unique image - a Shiba Inu wearing a pink knitted hat. As a meme coin, WIF does not have lofty goals or use cases; it has won people's affection solely through the humorous and quirky image of the dog in a hat.
3.ADA
The current price of Cardano (ADA) is US$0.7763, with a 24-hour trading volume of US$3,379,024,975. The price has increased by 36.21% in the past 7 days. The circulating supply is 35.78 billion ADA, and the market cap of Cardano is US$27,990,995,974.
The rise in the price of Cardano (ADA) is mainly attributed to the recent rebound in the cryptocurrency market, with Bitcoin reaching $92,000 and the overall market cap reaching $3 trillion. However, analysts speculate that when ETH reaches its target price of $5,000, Cardano (ADA) may experience a strong surge around the $1 mark.
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