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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