Global Crypto Market Reclaims $3T as Bitcoin Crosses $96,000: Here’s Why
Bullish developments and sustained momentum have pushed Bitcoin above $96,000 and the global cryptocurrency market cap above $3 trillion.
After a turbulent period, Bitcoin could be on the verge of breaking the resistance level at $96,000. The pioneering cryptocurrency has surged 3% in the past 24 hours, pushing its price above the crucial price mark.
With the rebound, the global cryptocurrency market has reclaimed the $3 trillion valuation. BTC’s upward momentum has spilled over into the broader market, with Ethereum, XRP, and Solana appreciating by 5%, 3.6%, and 7% over the past day, respectively.
Possible Catalysts for Recent Uptrend
Notably, Bitcoin has been in recovery mode since early April, bouncing back by over 29% from an…
