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Benish Rukun
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#cryptocurrency Market Cap Surpasses $3 Trillion According to Foresight News, data from Coingecko indicates that the total market capitalization of cryptocurrencies has surged past $3 trillion. This marks a 4.5% increase over the past 24 hours.
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#Ethereum (ETH) pumps are fueled by ETF speculation (like Bitcoin’s 2024 surge), network upgrades (e.g., Dencun’s lower fees), and Bitcoin halving momentum. Macro trends (Fed rate cuts) and#DEFİ /#NFT revivals also drive demand. ETH rallied from $1,500 (2023) to $4,000 (March 2024) on ETF hype. Key triggers ahead include SEC ETF decisions (May-Aug 2024), rising staking yields, and altcoin season spillover. If#bullish momentum holds, ETH could challenge its all-time high ($4,878). However, rejection risks remain if ETFs are delayed. Traders watch volume, derivatives data, and $BTC trend for confirmation. ETH’s next breakout may ignite the altcoin market. 🚀
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A **crypto#MarketRebound is a price recovery after a sharp drop, often driven by improved sentiment, macro trends (like Fed rate cuts), or crypto-specific events (#EFT , #HalvingCountdown ). These rebounds can be swift and volatile—sometimes temporary ("dead cat bounce") or the start of a new bull market (confirmed by rising volumes and fundamentals). Examples include#bitcoin 2023 rebound ($16K → $45K) post-#FTX collapse. Key catalysts today include the 2024 Bitcoin halving, potential Ethereum ETF approvals, and institutional adoption. Investors should watch trends cautiously—DCA (dollar-cost averaging) reduces risk if entering during a rebound.
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According to #BlockBeats , spot gold prices have continued to decline, falling below $3,380 per ounce. This marks a daily decrease of 1.31%, following an earlier surge of over 2%.
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