The crypto market is experiencing an uptrend today, with several factors contributing to the surge. Here are some key highlights:
*Market Performance:*
- The total crypto market capitalization rose by $104 billion, reaching $3.31 trillion and securing this level as support.
- Bitcoin (BTC) bounced back to $108,653, aiming to secure $108,000 as support, with $109,476 being the next resistance for further upward movement.
- Ethereum (ETH) is trading around $2,571 after breaking above the key resistance level of $2,500, with next resistance levels at $2,650 and $2,700 ¹ ².
*Top Gainers:*
- *Machine Xchange Coin (MXC)*: +91.36% to $0.00281
- *Nobody Sausage (NOBODY)*: +65.39% to $0.0326
- *Hosico cat (HOSICO)*: +58.54% to $0.0513
- *Hashflow (HFT)*: +66.3% in 24 hours, trading at $0.1311
- *Maverick Protocol (MAV)*: +33.8% daily gain, trading at $0.05951
- *Pudgy Penguins (PENGU)*: +6.4% in 24 hours, trading at $0.01457
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*Institutional Interest:*
- Institutional interest is strengthening, with Metaplanet, Bakkt, and Bit Digital expanding their holdings.
- The Fear & Greed Index reading of 66 indicates persistent greed among investors ⁵.
*Other News:*
- A US bankruptcy court allowed Celsius' lawsuit against Tether.
