Bitcoin Surpasses $25,000 and BNB, Polkadot, Dogecoin Experience Upward Shifts of up to 6% in Today’s Crypto Market.

Bitcoin and Ethereum both saw gains in early trading hours in Asia, with Bitcoin rising 6% to just above $25,000 and Ethereum gaining 4% to reach the $1,700 level. Altcoins also outperformed blue-chip tokens, with BNB up 6%, Polkadot up 5%, and Dogecoin, Polygon, Litecoin and Ethereum all up 4%. However, the total trading volume of the cryptocurrency market in the past 24 hours decreased by 19.52% to $80.24bn, while the total market cap of the cryptocurrency market surpassed the $1tn mark, with Bitcoin holding 44.42% of the total crypto market capitalisation. Meanwhile, global banking issues have continued to affect the cryptocurrency industry, with Credit Suisse under heavy selling pressure and the unnecessary shutdown of Signature Bank, which reportedly linked to its ties to crypto. The challenges for Chainlink (LINK) include the nearest resistance at the 0.38 fib level at $6.9, and the nearest support levels are $6.3 and $5.3.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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