Why is the cryptocurrency market rising today?
The total market capitalization of the cryptocurrency market has increased by $28.5 billion to $3.26 trillion, aiming to surpass the $3.31 trillion mark; maintaining support at the $3.21 trillion level is key to sustaining the upward trend.
Bitcoin $BTC is trading at $107,619, and there is a likelihood that $107,724 will become support; failure to hold $106,842 threatens a drop to $104,643 and negates bullish momentum.
PiNetwork surged by 15.6% to $0.62, expecting a breakout above $0.64; failure to hold $0.61 could lead to a price drop to $0.57, which would negate the growth.
The total market capitalization of the cryptocurrency market has increased by $28.5 billion as overall conditions stabilized. Bitcoin continues to recover, trading at $107,619, while Pi Network has become the most efficient altcoin of the day with a growth of 15.6%
