Bitcoin prices have surged to a new high of $28,000 during the Monday morning Asian trading session. Analyst ‘CrediBULL Crypto’ said that the move was expected and could have significant implications if it holds over the next couple of days. Will Clemente added that BTC was trading at major technical indicators at this level.Ethereum has also gained 3.2% in the last few hours to reach $1,726 at the time of writing. Solana (SOL) has been the biggest high-cap gainer of the day, surging 13.6% to top $24. The total market cap is up 3% on the day to $1.15 trillion.However, trader and analyst Alex Krüger predicted another crash, saying that large holders are cashing out ahead of it. Crypto derivatives outlet Greeks Live commented that the rally was spot trading driven, adding that spot buying of a few thousand bitcoins is enough to steadily support the entire market up a price step.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries
Sentiment	neutral
Relevance Score	8
People	Sam Bankman-Fried, Alex Krüger, Will Clemente
Companies	PrimeXBT, Solana, CrediBULL Crypto, Greeks Live, Binance
Currencies	US Dollar, Solana, Ethereum, Bitcoin, Euro
Securities	None