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The cryptocurrency market has shown a significant rise in the last 24 hours. The total market capitalization and the price of Bitcoin (BTC) have increased significantly, while altcoins, especially Cardano (ADA), have demonstrated outstanding dynamics.
The cryptocurrency market is coming to life.
Market capitalization has risen by $237 billion to reach $3.03 trillion. This indicates a renewed interest from investors in cryptocurrencies. The nearest resistance levels are at $3.09 trillion and $3.16 trillion.
The overall market sentiment remains positive, which may contribute to further rise. Breaking through the $3.16 trillion level will give a strong signal to buyers💸
However, it is worth considering the possible risks 🤝Today, the market capitalization has decreased by 68 billion dollars, which may indicate pressure from sellers. A drop below $3.00 trillion may lead to a correction.
Bitcoin is aiming for $90,000
The price of Bitcoin has increased over the past 24 hours and is now $86011, holding above the support level of $85000. Recently, Bitcoin briefly reached $95000, indicating strong demand. Maintaining positions above $85000 is crucial for the continuation of the rise.
If bitcoin overcomes resistance at the level of $95 761, it may lead to a rise up to $97 696. Consolidation above this level will attract new buyers.
However, there is a risk of correction if Bitcoin owners start selling. In this case, the price may drop below $85000 and return to $79 800. Cardano (ADA) rises to $1
Cardano has risen in the last day, reaching 0.61$. Interest in Cardano from investors is growing, and maintaining a position above 0.60 cents is crucial for further rise.
Cardano is approaching resistance at the $0.65 level. If buyers continue their activity, it is possible to overcome this level, which will open the way for further rise.
However, there are also risks. If the price of Cardano falls below $0.60 cents, it may drop to $0.40, negating the recent рост.
The cryptocurrency market is showing signs of recovery. Bitcoin and Cardano are showing good dynamics, but it is important to consider risks and monitor further developments.