As of June 24th, the global cryptocurrency market rose by 4.4% in a single day, breaking through a market capitalization of approximately $3.26 trillion (about 4,531.4 trillion won). Market analysts suggest that buying momentum is flowing in, and a short-term recovery trend is fully taking shape.
The total cryptocurrency trading volume over 24 hours also increased by 10% to $15 billion (about 208.5 trillion won). This indicates that investor sentiment is improving and funds are flowing into digital assets. Analysts also note that strong upward pressure emerged as sell positions were cleared, particularly among major coins.
According to data from representative derivative platforms, approximately $358 million (about 49.818 billion won) in long positions were cleared in a single day. This is interpreted as investors who took excessive leverage experiencing losses in a volatile market environment.
Market experts are paying attention to the fact that a 'Bull Flag' pattern is forming on the current cryptocurrency market capitalization indicator (TOTAL chart). Generally, this pattern is considered a continuation signal of a bull market and serves as a technical basis supporting additional potential price increases.
The ongoing pro-cryptocurrency statements by Trump are also considered to have a positive impact on investment sentiment. The market is sensitively responding to cryptocurrency policy directions in the US election context, with analyses suggesting expectations of regulatory relaxation are being reflected.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
