Bitcoin

Polygon

<p><em><strong>In Monday’s trading, major cryptocurrencies showed upward momentum, led by Bitcoin, Ethereum, Solana, and Dogecoin. By morning, Bitcoin was trading 1.2% higher at $52,311, while Ethereum saw a 4% increase to $2,920.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>The global cryptocurrency market cap also rose by 1.4% in the last 24 hours, reaching around $1.97 trillion.</p><h3 id="crypto-market-insights-from-industry-experts">Crypto Market Insights from Industry Experts</h3><p><strong>Bitcoin Outlook</strong>: Edul Patel, CEO of Mudrex, notes that Bitcoin traded around the $52,000 mark over the weekend, signaling a growing optimistic outlook. Bulls are displaying patience in cashing out their profits, anticipating a sustained uptrend. Patel suggests that if <a href="https://cryptosheadlines.com/bitcoins-position-among-the-worlds-biggest-companies/" rel="noopener noreferrer nofollow">Bitcoin maintains its position</a> above the current level, the next target could be $55,000.</p><p><strong>Ethereum Trends</strong>: Patel also observes a more bullish trend in Ethereum compared to Bitcoin, with a 15% gain over the last seven days and a current price of $2,800. A close above $2,900 would potentially propel Ethereum to confront the next resistance level.</p><p><strong>Bitcoin Strength</strong>: Shivam Thakral, CEO of BuyUcoin, comments on Bitcoin’s ongoing strength as it aims to surpass the $53,000 resistance. Thakral believes that a breakout above this level could <a href="https://cryptosheadlines.com/shiba-inu-price-surge-leads-to-a-60-drop-in-shib-burn-rate/" rel="noopener noreferrer nofollow">lead to a short-term price surge</a> towards $60,000.</p><p><strong>Altcoin Performance</strong>: Altcoins such as Polygon and Internet Computer saw significant gains of 6% and 9%, respectively. Additionally, Solana, Dogecoin, <a href="https://cryptosheadlines.com/shiba-inu-faces-decline-in-burn-activity/" rel="noopener noreferrer nofollow">Shiba Inu</a>, Toncoin, Polkadot, and Cardano also experienced increases of up to 2%.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="insights-on-crypto-market-trends-and-analysis">Insights on Crypto Market Trends and Analysis</h3><p>The total volume in DeFi currently stands at $5.67 billion, representing 8.55% of the total crypto market’s 24-hour volume. Meanwhile, stablecoins account for $60.03 billion in volume, constituting a significant 90.47% of the total crypto market’s 24-hour volume, as per data from CoinMarketCap.</p><p><a href="https://cryptosheadlines.com/bonk-price-surges-30-but-rally-may-soon-stop/" rel="noopener noreferrer nofollow">Also Read:   Bonk Price Surges 30%; But Rally May Soon Stop</a></p><p>In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $1.027 trillion. Bitcoin’s dominance currently stands at 51.81%, according to CoinMarketCap. However, BTC <a href="https://cryptosheadlines.com/binance-leads-bitcoin-spot-volume-decline-in-september/" rel="noopener noreferrer nofollow">volume in the same period experienced a 13.3% decline</a>, reaching $18.6 billion.</p><h3 id="expert-analysis-and-price-predictions">Expert Analysis and Price Predictions</h3><p>Parth Chaturvedi, Investments <a href="https://cryptosheadlines.com/paypal-ventures-leads-52m-funding-for-crypto-firm-magic/" rel="noopener noreferrer nofollow">Lead at CoinSwitch Ventures</a>, notes that Bitcoin remains stable around the $52,000 mark, while Ethereum hovers around $2,800. Chaturvedi highlights Bitcoin’s recent positive performance, which correlates with movements in the US Dollar and treasury yields. This suggests that the leading narrative for <a href="https://cryptosheadlines.com/eys-paul-brody-institutional-investors-seeking-bitcoin-in-high-demand/" rel="noopener noreferrer nofollow">Bitcoin is institutional demand</a> rather than its traditional role as a safe haven asset. Chaturvedi identifies <a href="https://cryptosheadlines.com/bitcoins-key-resistance-levels/" rel="noopener noreferrer nofollow">key resistance for Bitcoin</a> at $52,800, and failure to surpass this level may result in a downward correction. Similarly, the first major <a href="https://cryptosheadlines.com/peter-thiel-supports-bitcoin-startup-river-with-35m-investment/" rel="noopener noreferrer nofollow">support for Bitcoin</a> is at $51,300; a close below this could signal a continuation of bearish momentum.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Bitcoin Holds Above $52K; Polygon and Internet Computer Surge Up to 9%

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