Bitcoin ($BTC) has risen to a significant extent in terms of price. As per the new market data, Bitcoin has surpassed the $87K mark following a brief dip earlier during the Easter week, marking its highest price level since March’s end. This massive price upsurge points toward a likely bull rally and renewed investor optimism with similar performance shown by Ethereum ($ETH), Solana ($SOL), and Cardano ($ADA)
Bitcoin ($BTC) Gains 16% Since $75K Witnessed at March’s End
The latest market statistics disclose that Bitcoin ($BTC) has witnessed a 16% rise since recording a price low below $75,000 as of April 9. Hence, the latest price action is propelling Bitcoin to the upper boundary of the range-bound price channel. However, analysts consider the breakout to be within a broad range with key assets like Ethereum, Solana ($SOL), and Cardano ($ADA).
Ethereum (ETH) and Solana (SOL) Follow Suit
Amid the Easter season, which is observed in the commemoration of the resurrection of Jesus, the crypto sector is seeing an enormous price rally. While Bitcoin is leading the charge, Ethereum has also recorded a 1.46% price spike over the recent 24 hours.
At the moment, it is changing hands at $1,638.29. The short-term price target for Ethereum ($ETH) is $1,680. Additionally, $SOL is surging high with a robust support level at $139.96 while it sees $145 as a short-term short. In addition to this, its technical indicators and trading volume are also presenting a bullish overview.
Cardano (ADA) Again Surges as Market Sentiment Turns Positive
Such an increase in market volatility in Bitcoin, Ethereum, and Solana is led by the trade tensions in U.S. and China. Simultaneously, Cardano ($ADA) has also displayed resilience with its current price around $0.6381. Now, it is looking at $0.70 as the short-term price target. Amid the rising market capitalization price (MCP), long-term investors are aggressively investing in these crypto assets.
