Today, Bitcoin continued its upward trajectory, remaining steady around $66,000 after reaching a new peak earlier this week. Investors continue to show confidence in the leading cryptocurrency.

Bitcoin, the world’s oldest and most valuable cryptocurrency, maintained its momentum, staying close to the $66,000 mark. This steady performance indicates that Bitcoin’s recent surge is far from over, with other popular coins like Ethereum, Ripple, Litecoin and WhiteBitcoin also performing well.

Among the notable movements, (FET) experienced a significant increase of nearly 50% in just one day, while Memecoin BONK saw a decline of over 7%.

The cryptocurrency market’s overall bullish trend is attributed to factors such as increased investment in crypto products and anticipation of global interest rate adjustments. Lennix Lai, from OKX exchange, highlights the impact of ETF adoption and upcoming upgrades like Ethereum’s and Bitcoin’s halving event.

The recent approval of eleven spot bitcoin ETFs by the U.S. Securities and Exchange Commission marked a pivotal moment for the industry, signaling renewed confidence after a challenging period marked by bankruptcies and scandals.

Institutional investors, previously hesitant to enter the crypto market, are now showing interest, further fueling the current surge. However, analysts caution that cryptocurrencies remain speculative assets, prone to sudden fluctuations and volatility.

Despite recent record highs, cryptocurrencies like Bitcoin and Ethereum have demonstrated their resilience and potential for growth. However, investors should remain vigilant and consider the speculative nature of these assets in their investment strategies.

As the crypto market continues to evolve, it’s essential for investors to stay informed and make decisions based on thorough research and risk assessment.

Bitcoin, Ethereum, Solana, and Dogecoin were among the top crypto tokens trading higher on Monday, with a positive bias.

Bitcoin was trading 1.2% higher at $52,311, while Ethereum was up 4% to $2,920. Meanwhile, the worldwide cryptocurrency market capitalization increased by 1.4% to roughly $1.97 trillion in the last 24 hours.

Bitcoin traded at $52,000 over the weekend, indicating an increasingly positive view. Bulls are being patient with their profits, anticipating a long-term uptrend. If Bitcoin remains above its present price, the next objective is $55,000.

Ethereum is showing a stronger optimistic trend than BTC, with a 15% gain in the last seven days and currently trading around $2,800. A close above $2,900 would position Ethereum to meet the next obstacle above $3,000.

Bitcoin maintains its momentum as it attempts to shatter the $53,000 barrier. Any breakout above should drive the price to $60,000 in the near future.

Altcoins such as Polygon and Internet Computer increased by 6% and 9%, respectively. Solana, Dogecoin, Shiba Inu, Toncoin, Polkadot, and Cardano all climbed up to 2%.

DeFi currently has a total volume of $5.67 billion, accounting for 8.55% of the whole crypto market’s 24-hour volume. According to CoinMarketCap data, the total amount of stablecoins is now $60.03 billion, accounting for 90.47% of the whole crypto market’s 24-hour volume.

Bitcoin, the world’s largest cryptocurrency, has seen its market capitalization rise to $1.027 trillion in the last 24 hours. According to CoinMarketCap, Bitcoin presently has a dominance of 51.81%. Bitcoin volume plummeted 13.3% in the last 24 hours, reaching $18.6 billion.

Bitcoin remains about $52K, while Ethereum is around $2.8K. BTC’s recent good performance coincided with the US dollar and government yields, indicating that the prevailing story is about institutional demand rather than being a safe haven asset. The key resistance for BTC remains at $52.8K; failure to cross this level may result in another downward downturn. Similarly, the first key support is $51.3K; if Bitcoin closes below this level, bearish momentum may dominate.