The cryptocurrency market experienced an impressive surge today, led by Bitcoin.
While the price of BTC has risen by approximately 6% in the last 24 hours, altcoins have seen double-digit gains. Ethereum’s price has once again crossed the critical threshold of $2,000, with Solana experiencing a rally of almost 12%.
Following the price increases, analyst il Capo of Crypto, a well-known figure in the market, shared his initial views. In previous statements, il Capo had said that he expected a rebound after Bitcoin’s price experienced a drop.
In his statements today, Il Capo noted that the BTC price has once again surpassed the critical threshold of $65,000 and that altcoins are also performing exceptionally well. According to the analyst, tomorrow will be a particularly important day. Tomorrow, the third round of indirect talks between the US and Iran will take place in Geneva.
According to the analyst, markets are expecting positive news, at least in the short term, and there are pullbacks in oil prices. il Capo described this as the beginning of a “sign of strength” for Bitcoin.
In addition, the analyst stated that the Stellar (XLM) altcoin is showing a strong performance against Bitcoin.
*This is not investment advice.