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Altcoins Acceleration Amid Bitcoin’s New Heights
The crypto market capitalisation has reached $2.75 trillion, approaching the peak of $2.77 trillion reached in March this year. The next target for the crypto bulls looks to be the historical highs at $2.86 trillion and possibly even the next round level of $3.0 trillion. Bitcoin has broken the upper boundary of the ascending channel, accelerating the renewal of historical highs. A key technical target and next milestone now appears to be the $100-110K area, as the five-month drift down from $73K to $50K looks like a correction of the bullish momentum from September 2023 to March 2024. The breakout to new highs ... (full story)
