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Coinpedia

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Image Credit: Coinpedia

Why Crypto Is Going Up Today? 

  • The crypto market experienced a significant surge today, with the total market cap reaching $3.8 trillion, a 3.25% daily gain driven by institutional accumulation and Bitcoin's new all-time highs.
  • Key events contributing to the rally include major investments from companies like SharpLink and Metaplanet, optimism around U.S. crypto regulation, and emerging White House support.
  • Bitcoin broke through the $122,000 resistance level, resulting in short liquidations, while Ethereum saw increased activity with support from SharpLink's $48 million ETH purchase.
  • The overall market sentiment is optimistic, with institutional inflows, macro correlations, and regulatory developments playing key roles in the current crypto surge.

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