Bitcoin rose above $43,000 on Tuesday

On Tuesday, the cryptocurrency markets were trading higher. In the last 24 hours, the global cryptocurrency market cap increased by about 3.6% to around $1.61 trillion.

Popular altcoins like as Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) all finished in the green. With a 24-hour gain of over 25%, the SEI token emerged as the largest gainer of the bunch. Popular altcoins like Cardano and Solana had increases of 8.2% and 6.4%, respectively. Additionally, up 2–4% were BNB, Avalanche, Polkadot, Chainlink, and Shiba Inu.

CEO of Giottus, Vikram Subburaj, commented, “Bitcoin has bounced by 5% today as market sentiment turns positive on spot ETF approval developments. A Bitcoin rally towards $44,000 is likely by this weekend if it can hold current levels ($43,000).”

After trading in the red for the first time in nine weeks, BTC began the tenth week by testing early $40k support levels, but quickly rebounded to reach $43.5k. Simultaneously, BTC has maintained its dominance at 53.5% for the past three days, which is a favorable sign for its price behavior, according to the CoinSwitch Markets Desk.

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