Crypto market rally pushes Bitcoin near $63K
The cryptocurrency markets experienced a collective rally at the beginning of the week, with Bitcoin rising by 1.61% to approach the $63,000 level, and Ethereum increasing by 4.19% to reach $1,664.39, amid easing fears and increased liquidity. Gains extended to most altcoins, such as Binance Coin, Solana, and Hyperliquid, although some cryptocurrencies like Tether (USDT) and USD Coin remained stable. This performance is linked to a resurgence in buying activity and improved global sentiment, despite ongoing clashes in the Middle East.
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