Crypto Markets Recover Above $1 Trillion, BTC & ETH Surge
• The crypto markets have seen a strong recovery, with the global market capitalization rising above $1 trillion.
• Bitcoin (BTC) and Ethereum (ETH) have seen a strong bullish trend, with BTC prices surging by nearly 15% over the weekend.
• The markets look poised to continue the bullish trend into the upcoming week, with some analysts predicting BTC could hit $24,500.
The crypto markets are currently on a roll as global market capitalization has recovered above $1 trillion. This surge in value follows a week of bullish trends from the top cryptos, namely Bitcoin (BTC) and Ethereum (ETH). The upward trend has been further intensified by BTC prices surging by nearly 15% over the weekend. This surge has allowed the leading crypto to reach levels not seen in the past four months.
The bullish trend appears to be carrying into the upcoming week as BTC has been able to break past the crucial resistance at $21,410. Prices have also been able to break past the $22,500 mark, creating a new high. However, the bears have been able to put up a fight, preventing BTC prices from breaking past the $23,000 level. Despite this, the markets remain bullish, with some analysts predicting that BTC could hit $24,500 in the coming week.
In the meantime, Ethereum has also seen a strong bullish trend, with ETH prices rising by 4% during the past weekend. Ethereum has also broken past the $600 mark and is currently trading at $615. ETH prices are expected to continue their bullish trend and could reach $650 in the coming week.
The rest of the market is also seeing a bullish trend, with many altcoins seeing green across the board. This trend is expected to continue, with the markets poised to remain bullish in the upcoming week. The strong recovery of the crypto markets is a sign that the industry is here to stay and could only continue to grow in the coming years.