🔸Binance Coin Hits Record High, Ethereum Nears $4,000
⚫️The cryptocurrency market has returned to a bullish phase, with altcoins like Ethereum, XRP, and BNB gaining more profits over the past 24 hours. The total market capitalization has reached $3.96 trillion, and the Fear & Greed Index stands at 67, indicating investor greed.
🤑Ethereum, currently priced at $3,930, has risen more than 3% and is expected to soon surpass $4,000. The resistance zone of $4,200–$4,300 could trigger the next wave of buying. Binance Coin has grown over 6%, reaching a record high above $850, signaling a capital shift towards altcoins. XRP is trading at $3.27 with a 5.8% weekly gain. Despite ongoing legal battles with the SEC, demand for XRP remains high due to rumors about an ETF and increasing global adoption.
⚫️Factors driving the crypto market’s growth include the continuation of the bull cycle and market peak projections for October or November. Focus remains on Ethereum breaking the $4,000 barrier and Bitcoin’s target range of $127,000–$132,000. If altcoins remain strong, the market could reach new all-time highs.