Bitcoin Surpasses $126,000 as Crypto Markets Rally
Major cryptocurrencies continued rising on Monday as investors moved money into higher-risk investments.
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Cryptocurrency markets experienced strong gains on Monday, with Bitcoin reaching a new all-time high above $126,000. Ethereum recovered to $4,670 after previously declining, while other major cryptocurrencies like XRP and Dogecoin also posted gains. The global crypto market capitalization grew to $4.28 trillion, representing significant growth.
However, analysts noted that an altcoin season hasn't officially begun yet. Financial advisors from Morgan Stanley recommend limiting cryptocurrency exposure to just 2-4% of investment portfolios due to volatility risks. The market saw $328 million in liquidations, mostly affecting short positions.
Some smaller cryptocurrencies experienced dramatic gains, with ChainOpera AI jumping nearly 470% in 24 hours. Traditional stock markets also performed well, particularly technology stocks, suggesting broader investor appetite for growth assets.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/10/48059680/bitcoin-tops-126000-ethereum-xrp-dogecoin-also-gain-eth-will-pump-like-gold-says-this-analy