Solana jumps 20%, Bitcoin, Ethereum and other tokens rise

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SUMMARY

Cryptocurrencies gained on Monday. The global crypto market cap stood at $847 billion, with volume nearing $29 billion in the past 24 hours.

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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, rose 1.5% to $17,198.2. Its market value stood at $331.2 billion. The trading volume was nearly $12.1 billion.

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“Bitcoin broke above the $17,000 level, which has been resistance for the past few weeks. A move above the $17,400 area may lead to a medium-term upside reversing trend in a bear market. “, said Edul Patel, CEO and co-founder of Mudrex. .

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Ethereum | The second largest virtual currency, Ethererum or Ether, jumped 3.8% to $1,310.9 at last count, with a market capitalization of $159.7 billion. Ethereum’s trading volume was nearly $4.7 billion in the past 24 hours.

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On Ethereum, Patel said, “Ethereum has been trading very close to its resistance level at $1,300. ETH is up almost 8% in the past week. the bears are running out of strength. If the buyers can sustain the initiative, ETH will likely break above the $1,350 level soon.”

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Dogecoin | Meme-based virtual currency Dogecoin jumped 4.6% to $0.1. His market value stood at $9.9 billion. The trading volume amounted to nearly $340.8 billion.

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solana | Solana jumped 20.9% to $16.2 with a market capitalization of $6 billion. Solana’s trading volume was $1 billion in the past 24 hours.

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Shiba Inus | Shiba Inu rose 5.6% with a market capitalization of $4.9 billion. The trading volume reached nearly $168.2 million in the past 24 hours.

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Polygon | Polygon rose 6.8% to $0.8 with a market capitalization of $7.5 billion. The trading volume was $309.7 million in the past 24 hours.

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