Bitcoin Eyes $84K, Ethereum Targets $5K as Crypto Market Cap Jumps 3.41%

With a massive bullish uprising on June 19th, the crypto market cap jumps 3.41% to hit $2.376 Trillion. The sudden ballistic move in the market comes with the official announcement of the Ethereum ETF listing in the coming week.

The crypto market cap observed a significant 3.41% jump on June 19th, hitting $2.376 Trillion. This substantial increase was largely driven by the official announcement of the upcoming Ethereum ETF listing.

As a result, the bull run picked up pace in Bitcoin and the top altcoins, improving the broader market sentiment. While Bitcoin outperformed Ethereum, major altcoins were poised to end the week on a high note.

Here's a closer look at the key crypto price movements and what to expect next.

Biggest Crypto Eyes $84K In Q3 2024

Bitcoin (BTC) prices observed a bullish 4.29% jump last night. Following this surge and briefly crossing above the $67K level, BTC trades at $66,516. After bottoming out at the $56K level, the biggest crypto is now up by 20% with a market cap of $1.313 Trillion.

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The uptrend breaks above the short-term resistance trendline, the 50D EMA, and the 50% Fibonacci retracement level at $64,766. With such a high momentum rally, the overhead resistances fail to halt the massive upside-moving BTC prices.

Approaching the overhead resistance trendline, the breakout rally and the 4.29% bullish engulfing candle tease a jump to $72K. As per the Fib levels, the crypto price could hit the $84,696 mark.

Ethereum Resurfaces Above $3,5000

Ethereum (ETH) prices observed a 7.92% jump this week, following a 10.77% rise last week. This price action teases a double-bottom reversal in the 1W chart.

After bouncing back from the 50D EMA, the bull cycle in crypto within the 50% and 78.60% Fibonacci levels picks up pace.

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With the latest news of the Ethereum ETF listing on 22nd July, the ETH price could surpass $3,859 (the 78.60% Fib level). As per the trend-based Fib levels, the uptrend in crypto could cross the $5,000 psychological level to hit $5,402.

Solana’s Revival Teases New All-Time High

Solana (SOL) prices hit the $170 mark with an upswing as the broader market recovers. This marks a 15% hike this week. Following the 12% jump last week, Solana’s bounce-back teases a surge beyond the $200 psychological level.

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Heading to reclaim the 23.60% Fibonacci level, the bullish crossover in the MACD and signal lines bolsters the bull cycle. If the uptrend continues, the Fibonacci levels paint a target close to the $400 psychological milestone for a new all-time high.

Return of The Underrated Crypto: XRP

The trend reversal in XRP prices surpasses the overhead trendline and the 23.60% Fibonacci level. With a 15% jump this week and 24% last week, XRP prices are heading to hit and reclaim the $1 psychological level.

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With a bullish crossover in the MACD and signal lines, the breakout rally in XRP reignites the bull run. If the uptrend gains momentum, the crypto price could hit the $1.56 mark.

Also Read: Top Layer-2 Tokens Set to Hit $3: Will Polygon (MATIC) Make the List?

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