🚨Breaking! BTC Ready to Break One More Resistance, with PEPE and MINA Surging
The optimism surrounding the appreciation of Bitcoin has swept through the market, showcasing impressive performances. Among the top 100 cryptocurrencies, only seven closed the day with losses, with MKR standing out with a 5.2% decline.
On the flip side, most cryptocurrencies didn't experience losses exceeding 2.5%, including TON and Bitcoin SV (BSV). Meanwhile, market gains were remarkably significant, with approximately 30 cryptocurrencies witnessing appreciation of over 10%.
In this regard, Pepecoin (PEPE) led the market with a staggering 62.4% surge, closely followed by MINA, which marked a remarkable 54.1% increase.
Bitcoin's Soaring Trajectory
As Bitcoin currently hovers around $35,500, an exciting pattern has emerged that suggests a potential bullish surge in the coming week. Traders and enthusiasts alike are eagerly awaiting this possible breakout, and here's why.
Market Sentiment
Market sentiment plays a crucial role. As Bitcoin continues to trade around the $35,500 mark, the overall sentiment is cautiously optimistic. Traders and investors are closely monitoring the charts, hoping for this pattern to play out and signal a possible price rally above 40k.
The Role of Altcoins
Bitcoin is not the only cryptocurrency making waves in the market. As mentioned earlier, Pepecoin (PEPE) and MINA have shown remarkable price appreciation.
PEPE leads the way with an impressive 62.4% surge, while MINA isn't far behind with a notable 54.1% increase. These altcoins are also attracting attention from investors seeking diversification and alternative opportunities in the crypto space.
Futures Market
According to Coinglass, futures trading volume surged to $64.5 million, marking a remarkable 55% increase in the last 24 hours. Binance, in particular, stood out by registering nearly $10 billion in futures markets on its platform. This surge in futures trading activity reflects the growing interest in Bitcoin's price movements.
