Major cryptocurrency tokens, including Dogecoin, Ethereum, Solana, and Bitcoin, were leading the bullish trend of rising trading on Monday.

Ethereum was up 4% at $2,920, while Bitcoin was up 1.2% at $52,311. The value of the world’s cryptocurrency market, however, increased 1.4% in the previous day to approximately $1.97 trillion.

With a more positive perspective, Bitcoin traded at $52,000 throughout the course of the weekend. In order to wait for a longer-lasting rally, bulls are being patient when cashing out their gains. In the event that Bitcoin remains above its present price, $55,000 will be the next target.

Compared to Bitcoin, Ethereum is trending more positively. It has gained 15% over the last seven days and is currently trading at $2,800. A closing above $2,900 would position Ethereum to confront the following barrier, which is $3,000.

Bitcoin keeps becoming stronger as it attempts to breach the resistance level of $53,000. In the short run, any breakout above should push the price to $60,000.

Cryptocurrencies like Internet Computer and Polygon saw increases of 9% and 6%, respectively. Up to 2% was gained by Solana, Dogecoin, Toncoin, Shiba Inu, Polkadot, and Cardano.

8.55% of the 24-hour volume of the cryptocurrency market is now represented by the $5.67 billion total volume in DeFi. According to data accessible on CoinMarketCap, the total amount of stablecoins is currently $60.03 billion, or 90.47% of the 24-hour volume of the whole cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $1.027 trillion in the past day. Currently, 51.81% of the market is dominated by Bitcoin, according to CoinMarketCap. The volume of BTC dropped 13.3% to $18.6 billion in the last day.

While ETH is currently at $2.8K, BTC is still at $52K. The current upward trend in Bitcoin price coincided with yields on US Treasury bonds and the US dollar, indicating that institutional demand—rather than being a safe-haven asset—is driving the market. The $52.8K mark is still key resistance for bitcoin; if it is not crossed, there could be another decline. Similarly, if BTC closes below the first significant support level of $51.3K, bearish momentum may prevail.