Cryptocurrency prices rose broadly Monday, adding $49 billion to the total market cap as it approaches the key $3 trillion level. Analysts attribute the bullish start to the week to typical New Year optimism.
Highlights:
- Bitcoin (BTC) gained 2.53%, trading near $89,499 and eyeing the $90,308 resistance.
- Canton (CC) led altcoins with an 18.4% surge to $0.134.
- The rally comes amid major industry news, including a controversial chain rollback on the Flow network and a proposed “Billionaire Tax” in California targeting unrealized gains.
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Key levels to watch: The market’s trend depends on holding recent gains. For Bitcoin, support is at $88,210. The total market must clear $3 trillion to encourage further buying.
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