On Sunday, mainstream cryptocurrencies surged in price, with Bitcoin breaking the $91,500 mark, and Ethereum approaching $3,150. Trading volumes increased by 75% and 84%, respectively. The global cryptocurrency market cap grew by 0.45%, reaching $3.1 trillion. However, after Federal Reserve Chairman Jerome Powell revealed that the Fed received subpoenas related to his congressional testimony, stock index futures plummeted. Analysts have differing opinions on this; Michael Vanderpopp pointed out that Ethereum held a key resistance level, while EliZ believes Bitcoin is structurally weak.
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On Sunday, mainstream cryptocurrencies surged in price, with Bitcoin breaking the $91,500 mark, and Ethereum approaching $3,150. Trading volumes increased by 75% and 84%, respectively. The global cryptocurrency market cap grew by 0.45%, reaching $3.1 trillion. However, after Federal Reserve Chairman Jerome Powell revealed that the Fed received subpoenas related to his congressional testimony, stock index futures plummeted. Analysts have differing opinions on this; Michael Vanderpopp pointed out that Ethereum held a key resistance level, while EliZ believes Bitcoin is structurally weak.