Global #crypto market

Bitcoin is currently encountering resistance at its upper range, indicating potential short-term volatility. An analysis by Rekt Capital suggests that Bitcoin historically hasn't broken out of a re-accumulation range so soon after a halving event. With Bitcoin struggling against this high resistance, the cryptocurrency market appears uncertain.

Once again, meme coins are dominating the narrative as the crypto market enters the second phase of the bull cycle, overshadowing even Bitcoin's return to the $71,000 range.

Despite Nvidia's strong first-quarter earnings report, the prices of AI-related cryptocurrency tokens experienced a brief downturn, defying expectations of crypto traders.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.

Avalanche has been grappling with a persistent struggle to break through its price range, fluctuating between $30 to $39 for several weeks. As of the current writing, the price of Avalanche (AVAX) sits at $34.98, accompanied by a market cap of $13,366,945,544.

Bitcoin miners are beginning to experience pressure as they adjust to halved rewards following the halving event. While there was a temporary relief due to a surge in network fees, the subsequent decrease in transaction fees is now exacerbating their financial challenges.

The overall cryptocurrency market has experienced a resurgence, reigniting optimism for an altcoin rally. Leading this resurgence are meme coin, with Pepe (PEPE) notably making significant gains in the past day, surging by nearly 20%

Coinbase, a United States-based cryptocurrency exchange, experienced a widespread system outage, rendering its services inaccessible for desktop and mobile users.

The price of Dogecoin (DOGE) has increased by 3.5% over the past 24 hours, reaching $0.1515, coinciding with a 2.5% climb in the overall crypto market today.

As the cryptocurrency landscape continues to evolve, a chorus of expert analysts echoes a consistent message: the Bitcoin bull market is just getting started.

CFTC Chairman Rostin Behnam has hinted at forthcoming enforcement measures in response to the rapid expansion of the cryptocurrency sector and the ambiguity surrounding U.S. regulations.