The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller altcoins with Bitcoin (BTC) taking a back seat until early this morning.
Even Ether (ETH) recently joined the altseason party and once it broke out of its resistance the price skyrocketed higher. This could have resulted in a missed opportunity for several traders who did not buy on the breakout.
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