{"id":8991,"date":"2025-06-11T10:24:00","date_gmt":"2025-06-11T09:24:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=8991"},"modified":"2025-06-11T10:08:14","modified_gmt":"2025-06-11T09:08:14","slug":"crypto-market-surge-this-week-key-drivers","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/crypto-market-surge-this-week-key-drivers\/","title":{"rendered":"Exploring the Surge in Crypto Market This Week : What’s Behind It ?"},"content":{"rendered":"\n

A Significant Rebound in the Crypto Market<\/h2>\n\n\n\n

Volatility<\/strong> reigns supreme in the world of crypto and cryptocurrencies<\/a>, and the past 24 hours have been no exception. After hitting a low of 3.33 trillion dollars,<\/strong> the total market capitalization has bounced back by 60 billion<\/strong>, reaching 3.40 trillion dollars. This sudden recovery underscores the unpredictable nature of this ever-evolving ecosystem.<\/p>\n\n\n\n

But what triggered this rise ? On the investors’ side, indicators suggest a regained confidence<\/strong>, fueled by positive news like the SEC chairman’s favorable comments on DeFi. On the technical side, Bitcoin is attempting to hold above a critical support level, paving the way for new highs. As for the altcoin Uniswap, it has led the gains with a 22% surge.<\/strong><\/p>\n\n\n\n

Bitcoin Seeking New ATH<\/h2>\n\n\n\n

Having flirted with the symbolic $110,000 mark, Bitcoin<\/a> is now looking to consolidate its local support level at $109,476<\/strong>. If successful, the path will be clear for new all-time highs beyond $111,980.<\/strong> However, a failure at this stage could lead to a correction down to $108,000,<\/strong> invalidating the uptrend.<\/p>\n\n\n\n

Bitcoin’s inability to firmly anchor above $110,000<\/strong> reflects some uncertainty in the market. Investors will closely monitor price movements in the coming days, watching for signs of sustainable momentum. Holding the $109,476 support will be crucial moving forward.<\/p>\n\n\n\n

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Source: CoinGlass<\/figcaption><\/figure>\n\n\n\n

Indeed, numerous short orders are placed at $110,000 for Bitcoin, creating strong resistance. Nevertheless, Bitcoin has been tracking M2 liquidity for months, indicating a major push beyond $114,000<\/strong> towards June 15-20.<\/strong><\/p>\n\n\n\n

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Bitcoin volatility has fallen to 200 ATR as investors await key US inflation data. Stronger-than-expected CPI readings could cool the market and diminish the likelihood of a near-term Fed rate cut. pic.twitter.com\/V2LJygqcs6<\/a><\/p>— Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) June 11, 2025<\/a><\/blockquote>