Crypto Market Update: Bullish Uprising Leads to $2.376 Trillion Market Cap, Ethereum ETF Listing Sparks Rally

The crypto market experienced a massive bullish uprising on June 19th, leading to a 3.41% increase in the market cap to reach $2.376 trillion. This sudden surge in the market coincided with the official announcement of the Ethereum ETF listing in the upcoming week.

The bullish momentum not only improved the overall market sentiment but also propelled Bitcoin and other top altcoins to higher levels. Bitcoin, with a market cap of $1.313 trillion, outperformed Ethereum and saw a 20% increase after bottoming out at $56K.

The question on everyone’s mind is whether this upsurge will result in a breakout rally for Bitcoin to reach $84K or for Ethereum to hit $5,000. Additionally, investors are curious to see if the top altcoins will be able to reclaim their all-time highs.

Bitcoin, after a 4.29% jump, is currently trading at $66,516 and is showing signs of breaking above key resistance levels. The cryptocurrency is on track to potentially reach $72K and even hit $84,696 based on Fibonacci levels.

Ethereum, on the other hand, has seen a 7.92% increase this week and is trading above $3,500. With the news of the Ethereum ETF listing, the price could surpass $3,859 and potentially reach $5,402 according to trend-based Fibonacci levels.

Solana has also experienced a revival, with the price hitting $170 and registering a 15% increase this week. The cryptocurrency is aiming to surpass the $200 mark and potentially reach $400 for a new all-time high.

Even the underrated crypto XRP has seen a trend reversal, surpassing key resistance levels and showing a 15% increase this week. With a bullish crossover in the MACD and signal lines, XRP could potentially reach $1.56.

Overall, the crypto market is experiencing a bullish trend with major cryptocurrencies showing significant gains. Investors are eagerly watching to see if this momentum will continue and lead to new all-time highs for various cryptocurrencies.