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This week, the cryptocurrency market performed brilliantly, with several coins showing strong upward momentum.
Ethereum has shown strong upward momentum around $4,170, with a daily increase of 130 points. This surge brings Ethereum just one step away from its all-time high, and the market widely anticipates it may break the $4,600 mark.
At the same time, Bitcoin is not to be outdone, with two significant increases occurring around $118,000, each with a rise of about 2,000 points. Currently, Bitcoin has surpassed the $120,000 mark, demonstrating an astonishing growth momentum.
It is worth noting that Cyber has seen a significant drop near $4.1, with a decrease of 25%. This serves as a reminder for investors to remain vigilant during a bull market and to pay attention to potential pullbacks in individual assets.
Another notable mention is SKL, which has seen an 18% rebound today, indicating that market activity is on the rise.
Overall, the current market shows a comprehensive upward trend, with a clear characteristic of mainstream cryptocurrencies rotating upwards. This widespread optimism may trigger investors' FOMO (Fear of Missing Out) mentality. However, in such cases, investors should remain calm, analyze market trends rationally, and make prudent investment decisions.
Although the market outlook is promising, it is still necessary to remain vigilant against potential fluctuations and risks. While seizing opportunities, it is also important to manage risks effectively to avoid potential losses arising from excessive speculation.