Crypto Market Surges to $3.25T; Bitcoin Bulls Eye $100K

The cryptocurrency market has maintained a $3.25 trillion market cap, with an intraday jump of 1.19% and a trading volume of $106.03 billion. This positive trend has been reflected in the top three cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), which have all experienced a bullish reversal, indicating a positive outlook for the week ahead.

Bitcoin, the largest cryptocurrency by market cap, has lost approximately 0.5% in the last 24 hours, with a trading volume of $14.257 billion. However, it has added around 1% to its portfolio in the last seven days and has jumped by 4.02% this year. With a market cap of $1.925 trillion, Bitcoin has a market dominance of 59.83%.

The Simple Moving Average (SMA) for Bitcoin in the daily time frame displays a bullish curve, indicating an increase in bullish price action. However, the Relative Strength Index (RSI) indicator records a negative outlook, suggesting mixed price sentiment for the largest crypto token this week. If the bulls regain momentum, the price of Bitcoin could prepare to head toward its upper high of $100,000 this week. On the contrary, a bearish reversal could result in it plunging toward its crucial low of $92,000 in the upcoming time.

Ethereum, the second-largest cryptocurrency by market cap, has recorded a jump of over 1.75% in the last seven days. However, it has plunged by 22.84% in the last 30 days and has a Year-to-Date (YTD) return of -18.92%. With a dominance of 10.102%, Ethereum has a market cap of $325.637 billion.

The Exponential Moving Average (EMA) 50/200-day records a Death Cross in the Ethereum price chart, suggesting a potential bearish trend. On the other hand, the Moving Average Convergence Divergence (MACD) indicator displays a constant rise in the green histogram with its averages recording a positive action in the daily time frame. This suggests rising uncertainty for the largest alt