Why Is Today's Crypto Market Up?
Despite positive momentum, profit-taking was evident as the cryptocurrency market value increased to $3.31 trillion before dropping to $3.25 trillion.
Bitcoin is only 4.77% away from its all-time high of $109,588 after breaking through $106,265 but failing to hold above $107,000. Bullish signals and investor profit-taking are at odds in the market.
This increasing momentum has been aided by the gains made by Bitcoin. The market capitalization as a whole must secure $3.28 trillion in support for future expansion. This would be a clear indication of more bullish activity.