There was a remarkable development in the crypto money market and the total market value exceeded $ 4 trillion for the first time. Bitcoin $118,440.21re -crossing the resistance of $ 122,000 after a month and Lido Dao’s rise of 10 percent in the last 24 hours points to the strong rise of the market. While important agreements and executive changes in the sector are on the agenda, it is observed that volatility continues at a high level.
Management and Strategic Purchases
Layerzero Foundation has taken a new step at the crypto ecosystem and offered to purchase the Stargate Bridge protocol and relevant STG tokens for $ 110 million. This strategy is expected to strengthen the roadmap of Stargate and facilitate the orientation to Zro tokens. This transformation is expected to affect the dynamics of cross -chain processes and related token values.
Another important development was the resignation of the White House Crypto Council Executive Director Bo Hines. Hines announced that he would leave his post and return to the private sector. Bo Hines thanked the community and gave the following statements:
“I am grateful for the strong support I have seen from the crypto community since December 2024.”
Market Analysis and Possible Scenarios
The total crypto market value has increased by 122 billion dollars in just 24 hours and is currently close to $ 4,00 trillion. If investor confidence continues, this level can be a strong support point. However, in a possible wave of sales, the market value may decrease under critical 3.94 trillion dollars, and in this case the market value can be rapidly deleted and the market value can be withdrawn to $ 3.89 trillion.
Bitcoin’s closer to AC
Bitcoin increased its value by 4.59 percent in the last 24 hours, exceeding $ 122,000 for a short time and broke its one -month record. This rise of Bitcoin is considered as an indicator of the general positive course of the crypto market. According to analysts, if the current rise of Bitcoin continues, $ 123.218, the highest level of all time, can be exceeded.
However, possible outputs from both corporate and individual investors may cause Bitcoin to lose their current support. This type of price correction in Bitcoin can weaken the current rising appearance of the market.
Strong performance from Lido Dao
Lido DAO (LDO) has been the best performance of the day with a 11 percent price increase in the last 24 hours. At the time of the article, LDO is about to take a significant break in technical indicators when trying to overcome $ 1,56 resistance.
According to analysts, the fact that the 50 -day and 200 -day exponential moving averages form a “Golden Cross” indicates that the rise of LDO continues. If this technique occurs, the price of LDO may turn to $ 1.82, the next resistance point.
On the other hand, the decrease in Bitcoin prices below $ 1.34 support may reversed the recent acceleration in LDO. In such a scenario, the price of LDO may drop to $ 1.18.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
