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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe cryptocurrency market extended its rally as the total market capitalization increased by 4%, reaching $2.31 trillion. This surge successfully broke above the key technical and psychological resistance level of $2.30 trillion, led by significant gains in Bitcoin (BTC) and Ethereum (ETH). Analysts attribute the momentum to a high correlation with macroeconomic trends and a substantial rise in derivatives open interest, which has enhanced market liquidity. Furthermore, sustained inflows into spot ETFs continue to bolster institutional confidence and provide a solid foundation for current price levels. This combination of factors suggests a robust buying trend as investors capitalize on the market's upward trajectory.