Bitcoin on the rise - Altcoins in the shadow?
Here is my daily recap and outlook:
Yesterday, on May 3rd, Bitcoin continued its upward trend, reaching a high of $97,938 before settling around $96,000. Ethereum struggled with the $2,400 mark, while altcoins showed mixed signals. The total market capitalization rose to $3.04 trillion.
Today, on May 4th, the tension remains high: BTC continues to show bullish signals, supported by ETF inflows of $675 million. ETH could gain new momentum with a breakout above $2,400. Altcoins like XRP and ADA show potential for short-term movements.
Tip: Keep an eye on the $2,400 mark for ETH - a breakout could mean further price gains.
How do you position yourself in this market environment? Share your thoughts in the comments!
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