The cryptocurrency market has reached a total market capitalization of $2.03 trillion, experiencing a $53 billion increase in just 24 hours. This surge is driven by investor optimism ahead of the Federal Open Market Committee meeting, which is expected to boost both the stock and crypto markets. Bitcoin has rebounded to $60,000, but faces a critical challenge in breaking through the $61,725 resistance level. Nervos Network's CKB token has seen a 14% increase and positive market sentiment, while major industry players like BlackRock and Microsoft preparing to launch a $30 billion fund focused on AI infrastructure also contribute to the market's positive movement. Market analyst Michael van de Poppe suggests that the market may be on the verge of an unprecedented bull run, driven by expected interest rate cuts from the Federal Reserve. The market cap shows signs of further gains, with a potential rise to $2.42 trillion.
- Content Editor ( coinpedia.org )
- 2024-09-18
Why Crypto Market is Up Today? Is the Bull Run Just Getting Started?