Cryptocurrencies’ total market cap rises above the $3.1 trillion market on Friday, its highest since early March.
Bitcoin price hits a 70-day peak of $97,431 on Friday.
Michael Saylor-led Strategy announces plans to raise another $21 billion to fund BTC purchases in Q2.
SUI attracted significant search interest on Coingecko after 21 Shares' ETF filing.
The cryptocurrency aggregate market cap dips by 1.4% in the early hours of Friday despite BTC price rallying above $97,000 for the first time in 70 days. Lagging altcoin performance signals a cooling risk appetite.
With active bullish catalysts from TON’s partnership with Ethena and 21 Shares’ spot SUI ETF launch, it remains to be seen if altcoins will attract more liquidity on Friday.
Bitcoin market updates:
Bitcoin price finally breached the 97,000 support on Friday after multiple unsuccessful attempts at flipping the $95,000 resistance earlier in the week.
Coingecko data shows BTC price reached a 24-hour peak of $97,431, before retracting to find support above the $96,500 at the time of writing.
Notably, with 24 billion in trading volume over the last day, BTC continues to find buyers at the current multi-month peak.
Further emphasizing this trend, BTC has successfully formed a short-term support cluster well above the previous rejection point at $95,500, holding up firmly within the narrow 2% range between $95,900 and $97,431.
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