The cryptocurrency market is going crazy, with the entire crypto market capitalization at $3.4 trillion. That’s an increase of nearly $400 billion since May 6. It’s an indication of increased investor confidence and vigorous activity across a wide range of digital assets.

For example, Bitcoin’s current chart shows a technical pattern that perfectly resembles a fractal seen in the early months of 2024. This pattern indicates a high likelihood of explosive upward growth for Bitcoin. Projections have estimated that its price may even come near the US$ 140,000 level. Pseudonymous crypto analyst Merlijn The Trader points to a clear tell. That creates a pretty big expectation for things to keep going up and to the right indefinitely. Merlijn The Trader didn’t outline specific timelines for this expected increase.

Among the top ten cryptocurrencies, meme-coin Dogecoin (DOGE) has continued to show impressive performance, gaining 7.94% reaching US$ 0.2257. Dogecoin (DOGE) is continuing to prove itself as one of the best-performing coins lately. Ethereum (ETH) is up, too, moving to $2,391.15 — 1.93% since yesterday. On the other hand, Solana (SOL) is currently trading at US$ 169.97 after losing 2.27% in the past 24 hours.

Analysts warn that enough volume and liquidity is going to be key in keeping prices up over the next few days. These factors are key to substantiating the bullish trend and maintaining the momentum of the crypto market.