🔥 Have cryptocurrencies exploded in the last two days? 🔥
In the past 48 hours, the crypto market has suddenly “gone wild,” with Bitcoin leading the charge, breaking through the $87,000 mark,
Ethereum stabilizing at $2,073, and mainstream coins like SOL and XRP seeing daily increases of over 5%,
with total trading volume skyrocketing by 29.22%! Is this surge a “flash in the pan” or the “reboot of a bull market”? Check out the key data below 👇
🚀 Market Update: Who is leading the pack?
1. The Return of Bitcoin
• Surged past $87,000, reaching a new high in half a month, with a 24-hour increase of 3.16%, market cap reaching $1.72 trillion! • Key support: $84,000; resistance level: $90,000
2. Altcoins Celebrate
• Trump Coin (TRUMP) skyrocketed by 7.32%, Mantle (MNT) followed with a 6.49% increase
• SOL broke through $139, with a surge in on-chain ecosystem activity
3. Capital Flow • Global crypto market cap surged to $2.79 trillion, with daily trading volume increasing by $53.98 billion
• Altcoin market cap share rebounding, with clear signs of capital rotation
📈 Behind the Surge: Three Major Drivers
1. Favorable Policies
• The Federal Reserve maintains expectations for interest rate cuts, dovish comments easing market anxiety
• The White House plans to increase Bitcoin holdings using gold reserves, signaling regulatory loosening
2. Institutional Moves
• CME Group launched SOL futures, accelerating applications for altcoin ETFs
• The compliance process is driving capital entry, with a surge in demand for USDC stablecoin trading
3. Technical Breakthroughs
• Bitcoin’s daily MACD golden cross, with weekly bullish confirmation of rebound trend
• ETH breaking through the psychological level of $2,000, with on-chain Gas fees dropping, attracting DeFi inflow
⚠️ Risk Warning: Beware of Corrections!
• PCE inflation data will be released on Friday, which may trigger short-term volatility
• The “tariff deadline” on April 2 is approaching, and market risk aversion has not dissipated
• Frequent liquidations of high-leverage contracts, over 100,000 investors facing recent heavy losses