Bitcoin Breaks $97k, XRP Gains 6% Amid Regulatory Changes
Bitcoin is currently rebounding from key support levels, while liquidity has increased its price increase. BTC is currently trading at $97,125.77, Ethereum is trading at $2,669.98, and XRP has recently surged to $2.49, up 5.05% over the past 24 hours. The other top 10 coins include Solana (Sol), which costs $206.07, BNB, and Dogecoin (Doge) at $0.2574.
As of now, the cryptocurrency market is worth $3.19 trillion, showing a small margin of 1.58% in the past 24 hours. The Fear and Greed Index is currently 35, indicating the state of fear in the market. Among the top cryptocurrencies, Bitcoin (BTC) dominated by 60.42%, followed by Ethereum (ETH) at 10.09%.
Bitcoin support is around $95,000 to $96,000. If the confirmed break is below this level, the next support zone is $92,000 to $93,000. For now, Bitcoin lacks obvious momentum and has been moving sideways with small bearish and bearish volatility. This volatile movement is expected to continue over the next few days, with a clearer price movement next week.
In terms of resistance, short-term obstacles are just below $99,000, with the main resistance between $101,000 and $103,000 and even more resistance between $106,000 and $107,000.
Bitcoin’s solid amount is over $90k, but strangely, many are still bearish. Why? Analysts suggest that on Bitcoin’s monthly chart, the current situation feels similar to the 2017 cycle, which is a huge pump, and then the merger, which could be ready for the next big push. Altcoin Daily said that cryptocurrencies are about to enter the next chapter and are now happening around the world.
