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Crypto Market Makes History With $4 Trillion Milestone
Crypto Market Cap Hits – The cryptocurrency market has achieved a groundbreaking milestone today, with the total market capitalization crossing the prestigious $4 trillion mark for the first time. This remarkable surge comes as Bitcoin (BTC) breached the critical $122,000 resistance level, demonstrating unprecedented bullish momentum across the digital asset ecosystem.
Market Cap Surge Reflects Growing Optimism
The crypto market experienced an extraordinary $122 billion increase within just 24 hours, pushing the total market capitalization to an impressive $3.99 trillion. This historic achievement underscores the growing institutional and retail confidence in digital assets.
Market analysts note that the $3.94 trillion level now serves as crucial support. For sustained growth, the market must establish $4.00 trillion as a solid foundation. However, volatility remains a key concern, as any significant selling pressure could potentially drive the market cap down to $3.89 trillion.
Bitcoin Eyes New All-Time High at $123,218
Bitcoin’s spectacular 4.59% surge has positioned the leading cryptocurrency tantalizingly close to its all-time high of $123,218. The digital gold’s recent performance highlights the robust bullish sentiment surrounding the asset.
The proximity to this psychological barrier suggests that Bitcoin could potentially establish a new all-time high if current momentum persists. However, traders remain cautious about potential corrections, particularly if the price falls below the critical $120,000 support level.
Lido DAO Emerges as Top Performer
Lido DAO (LDO) stole the spotlight as the day’s best-performing altcoin, registering an impressive 11% price increase and reaching a five-month high. The token is currently testing the $1.56 resistance level.
Technical indicators suggest promising developments, with the 50-day and 200-day exponential moving averages approaching a Golden Cross formation. This bullish signal could propel LDO past its current resistance toward the next target of $1.82, though support at $1.34 remains critical for maintaining upward momentum.
