#Crypto updates
Here are the latest crypto updates and signals:
Top Cryptocurrency Updates
- *Bitcoin (BTC)*: Trading around $105,010, with a 3.7% increase over the last 24 hours. Its market capitalization stands at approximately $2.08 trillion.
- *Ethereum (ETH)*: Trading at $2,402, marking a 7.4% increase over the past 24 hours. ETH's market capitalization is nearly $290 billion.
- *BNB*: Surpassed the 650 USDT mark, currently trading at 652.30 USDT, reflecting a 1.95% increase over the past 24 hours.
- *Chain link (LINK)*: Rose 13% to $13.51 following a partnership announcement with Mastercard.
- *Cosmos (ATOM)*: Trading at $4.06, with a 0.72% increase over the past 24 hours ¹ ².
Market Trends #MarketRebound
- *Global Cryptocurrency Market Capitalization*: Approximately $3.24 trillion, with a 4.6% gain over the past 24 hours.
- *Crypto Derivatives Risk Index*: Holds steady at 59, indicating a stable 'neutral volatility' level.
- *Institutional Demand*: Strong demand for regulated Bitcoin products, with global BTC ETF holdings hitting a record 1,051,569 BTC ¹ ² ³.
Trading Signals
- *Bitcoin Forecast*: Attempting to test resistance levels, with analysts predicting a potential surge if the US Federal Reserve indicates interest rate cuts.
- *Ethereum Forecast*: Attempting to sustain its price above $2,400, with growing enthusiasm for Ethereum-based ETFs and recent upgrades.
- *XRP Forecast*: Attempting to test resistance levels, with potential for growth ⁴.