BTT - Bitcoin Ethereum Dogecoin Rally Amid FOMO: Analyst Predicts $100K On Table For King Crypto Says 'Watch It Like A Hawk' | Benzinga
Major cryptocurrencies surged on Sunday evening amid overall optimism in the cryptocurrency market and as FOMO continues to draw in retail investors.
What Happened: Bitcoin’s price has surged to over $62,000. Notably, the rally in February resulted in the longest monthly green candle in the asset’s history.
In April this year, the Bitcoin halving is set to occur, an event that reduces the rate of new BTC mining. Historically, this event has been accompanied by a surge in the overall market.
Top Gainer (24 Hour)
The global cryptocurrency market cap now stands at $2.31 trillion, showing a 1.36% increase in the past 24 hours.
U.S. stock futures showed minimal movement Sunday night following the Nasdaq Composite’s surge to a new all-time high on Friday, surpassing its 2021 record.
Futures linked to the S&P 500 saw a slight decrease, while Nasdaq-100 futures also edged lower. Additionally, futures associated with the 30-stock Dow Jones Industrial Average experienced a 0.1% decline, slipping by 47 points.
This week, investors will closely observe Federal Reserve Chair Jerome ...