Bullish Run: Top 100 Cryptocurrencies Show Positive Growth
In a sudden bullish market, the top 100 cryptocurrencies listed on CoinMarketCap (CMC), excluding stablecoins, have paved the way for green zone as the global crypto market cap gained over $50 billion in just 24 hours. This bullish run comes as some of the digital assets have reached key milestones.
The global market cap surpassed the $1.24 trillion mark and paved the way for another bull runhttps://t.co/9x4oYFLEsi
— crypto.news (@itscrypto_news) April 11, 2023
Bitcoin (BTC), the largest digital currency, has surpassed the $30,000 mark for the first time since June 2022. As per CMC data, Render Token (RNDR) has been the top performer in the last 24 hours with a gain of 16.6%. Meanwhile, LEO has shown gains of 0.15%, being the last on the list.
Expert Prediction
The bull run comes as the global crypto market cap rose from $1.185 trillion to $1.241 trillion in less than 24 hours, according to data provided by CMC. However, the total capitalization witnessed a $5 billion drop in the past 8 hours and stands at $1.236 trillion at the time of writing.
Most digital currencies marked their local highs at around 02:00 UTC, when the global market cap was at its 10-month-high, according to CMC data. Furthermore, Michaël van de Poppe, the founder and CEO of the global trading company, Eight, expects the total crypto market capitalization to reach $2 trillion if it breaks the $1.25 trillion barrier.
The total market capitalization of #Crypto is doing well.
Above 200-MA and 200-EMA, but needs to break crucial resistance.
At $1.25T we need to break through, if we do, we'll be seeing a strong run to $2T.
Beautiful retest of 2017 peak high & weekly bullish divergence. pic.twitter.com/XhekQLnuLW
— Michaël van de Poppe (@CryptoMichNL) April 11, 2023
FC Barcelona Fan Token
It’s not just the top 100 cryptocurrencies on the bull run, but the top football fan tokens have also crossed the $370 million mark, with FC Barcelona Fan Token, BAR, leading the way with a market cap of almost $45 million.
This sudden bullish market has brought back the optimism in the crypto community, and the surge in prices is expected to continue in the coming days. However, investors are advised to exercise caution and do their due diligence before investing in any digital assets. The crypto market is known for its volatility, and prices can swing wildly in either direction.
