#StablecoinPayments
The cryptocurrency market is witnessing a significant increase today. According to CoinMarketCap, the global market capitalization of cryptocurrencies has risen by 4.83% over the past 24 hours, reaching $2.85 trillion. Additionally, the total trading volume has increased by 17.82%, reaching $104.22 billion.
Some notable points observed:
* Increase in Bitcoin price: The price of Bitcoin has surpassed the $90,000 level for the first time in over a month.
* Strong performance of some altcoins: Some coins like MAGIC, AUDIO, BOBA, NKN, and SPA have seen substantial price increases.
* Increase in trading volume: There is a noticeable increase in trading volumes for most major cryptocurrencies, including Bitcoin and Ethereum.
* Positive impact from certain news: Some news, such as Trump's plans to create a strategic reserve for cryptocurrencies and bullish forecasts from analysts like Standard Chartered, may have a positive impact on the market.