As some expected a prolonged downturn, the crypto market defies expectations with a widespread surge. Bitcoin breaks new resistance levels, altcoins skyrocket – even secondary projects like HBAR soar. But what's truly unfolding behind the scenes ?
The crypto market continues to gain maturity, demonstrating remarkable resilience despite recent announcements of tariff increases by President Trump. The total market capitalization has crossed the $3.69 trillion mark, representing a gain of $81 billion in just 24 hours.
This remarkable performance testifies to the strength of the sector, which appears largely unaffected by geopolitical or economic disruptions. Investors seeking safe-haven assets are increasingly turning to cryptocurrencies. They now view them as a store of value amid prevailing uncertainty.
Leading the market, Bitcoin continues its remarkable run, establishing a new all-time high of $119,966 in the last 24 hours. The flagship cryptocurrency now trades around $119,735, just below the symbolic $120,000 threshold.
This progression demonstrates renewed confidence from Bitcoin investors, as it appears poised to establish itself permanently as a premier safe-haven asset. The anticipation of breaking the $120,000 barrier is fueling growing enthusiasm, likely to trigger a new wave of buying motivated by fear of missing out on this opportunity.
However, technical indicators suggest that Bitcoin is currently in overbought territory, which could lead to a slight correction in the short term. This correction might bring the price back around $115,000. Such consolidation would be healthy, allowing Bitcoin to move forward again and reach new peaks.
While Bitcoin remains the main attraction, altcoins are also riding this bullish momentum. Among them, HBAR stands out with an impressive 27.6% increase over the last 24 hours, reaching $0.252.
This surge follows the Hedera Foundation’s joining of Project Acacia, led by the Australian central bank. This collaboration has sparked renewed interest in the altcoin, further strengthening its upward momentum.
HBAR is now attempting to firmly establish itself above the $0.250 threshold, a crucial level for maintaining its positive momentum. A successful breach of this support could propel the price toward $0.267, consolidating the spectacular gains accumulated in recent hours.
However, failure to maintain this $0.250 support would pave the way for a correction, with the risk of a return to $0.220 or lower. Such a development would call into question the altcoin’s bullish outlook.
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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