Welcome Crypto Enthusiast!
Discover the latest updates in the crypto market as the total crypto market cap surged above $2.3 trillion. This growth was driven by the US Consumer Price Index (CPI) reading coming in lower than expected, leading to positive movements in Bitcoin and altcoins like Fantom.
Breaking News
- Ripple collaborates with Cosmosβ Ethereum Virtual Machine (EVM) based protocol Evmos to develop an XRP Ledger sidechain that is EVM-compatible
- IOTA introduces its “Testnet 2.0” to facilitate the migration from Proof of Work (PoW) to Proof of Stake (PoS) for enhanced scalability and efficiency
TOTAL Breaks Out
The total market cap broke out of a symmetrical triangle following softer inflation data, reaching $2.32 trillion and adding $140 billion in a single day. The market cap could continue rising gradually if $2.3 support holds.
Bitcoin Price Breaches $65,000
Bitcoin’s price surged above $65,000 as the flag pattern indicates a possible 45% uptick, with a breach of $68,500 looming. Investors may trigger corrections to book profits amidst this rise.
Fantom Surprises the Market
Fantom outperformed other altcoins, with a 24% price increase breaching the $8 mark. FTM faces crucial resistance around $0.80-$0.88, with a potential rally if this level turns into support.
Hot Take: Stay Informed!
Stay tuned for more exciting developments in the crypto market and keep abreast of the latest trends to make informed investment decisions. Be sure to follow the market closely and seize opportunities for potential gains!
Bernard Nicolai emerges as a beacon of wisdom, seamlessly harmonizing the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the labyrinth of digital assets, Bernard’s insights echo like a resonant chord, touching the minds of seekers with diverse curiosities. His talent for deciphering the most intricate strands of crypto intricacies seamlessly aligns with his editorial finesse, transforming complexity into a captivating narrative of comprehension. Guiding both seasoned adventurers and inquisitive newcomers, Bernard’s insights forge a compass for informed decision-making within the ever-evolving tapestry of cryptocurrencies. With the artistry of a wordsmith, they craft a narrative that enriches the evolving chronicle of the crypto cosmos.
