Crypto Market Reclaims $3 Trillion Milestone, Bitcoin Surges 20% to $96,435

Digital assets displayed robust momentum as the crypto market reclaimed the $3 trillion milestone. Bitcoin surpassed the obstacle at $96,000 for the first time since late February. Meanwhile, VIRTUAL led the recovery with an over 45% increase in the past 24 hours. Artificial intelligence token AIXBT mirrored the bullish stance with a more than 30% surge. Moreover, Ethena eyes further gains after holding a crucial support barrier, fueled by its latest collaboration with TON Foundation to introduce stablecoins to Telegram.

The leading crypto by value reignited bullish sentiments within the digital asset space after overcoming the hurdle at $96,000. Bitcoin has struggled since late February, even hitting the $75,000 low in April due to various factors. However, Bitcoin has strengthened with its recent jump past a key resistance, targeting further upside. Ali Martinez trusts a closing beyond $97,530 could propel the bellwether token to fresh all-time highs. BTC trades at $96,435, with increasing trading volumes suggesting revived investor optimism.

Metavers token VIRTUAL led the upside charge with a more than 45% increase the previous day. The cryptocurrency hovers at $1.76, with an over 100% increase in trading volume signaling continued rallies in the near term. Besides broad-based rallies, Virtual Protocol CEO Jansen Teng’s presence at the TOKEN2049 Dubai added to the upside thrust. Teng will focus on blockchain and artificial intelligence. Meanwhile, proponents anticipate groundbreaking announcements, including strategic partnerships, high-end integrations, and bolstered interoperability with other AI platforms.

AIXBT, which focuses on decentralized artificial intelligence data, rallied as the market explored AI and blockchain’s long-term potential. It trades at $0.1929 after a 32% uptick in the previous 24 hours. The latest rebound has shifted the altcoin’s bias to bullish, eyeing short-term price gains. With AI and blockchain integration expected to accelerate in the upcoming months, AIXBT looks ripe for breakouts. Analyst Crypto Tolga highlights a bullish reversal pattern for AIXBT. He forecasts continued gains as the alt established a reliable support at $0.1375. The chart positions $0.2319 as the next significant obstacle, translating to an over 20% increase from AIXB’s current price.

Ethena’s native coin jumped after the protocol confirmed collaborating with The Open Network (TON) to bring stablecoins to the Telegram community. Anticipation of increased adoptions, considering Telegram’s nearly 1 billion active users, fueled ENA’s latest bounce-back. The alliance underscores a key step toward mass cryptocurrency onboarding, with Ethena’s sUSDe possibly among the first stablecoin integrated into the messaging platform. ENA trades at $0.3399 after an over 8% price jump in the past day. It targets another 40% surge to $0.48 after reclaiming the support barrier at $0.30.