Ethereum, Solana, Cardano Help Send Crypto Markets to Record $4.2 Trillion
The cryptocurrency market has reached a new record capitalization of $4.2 trillion, spurred by significant gains in altcoins like Ethereum, Solana, and Cardano. Over the past day, trading volume surged by 25.73%, signaling strong investor interest. While Bitcoin continues to dominate with a price above $120,000, Ethereum is gaining traction, nearly hitting its all-time high of $4,800, with predictions of it reaching $5,000 this year. Similarly, Solana has seen a 7% increase, approaching the significant price point of $200, while Cardano is testing key resistance at around $0.90, showing bullish momentum indicators. Ethereum's strong technical setup, along with Solana and Cardano's positive trends, demonstrates a shift in focus from Bitcoin to alternative cryptocurrencies. Overall, the data indicates a robust bullish sentiment in the altcoin market, suggesting ongoing momentum for these key players.
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