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Entering the Asian trading session, Bitcoin continues its rebound from the beginning of the week and is currently stable above $92,000. According to CoinMarketCap data, Bitcoin is quoted at $92,492, with a 24-hour increase of 1.05% and a weekly gain of over 4%. Ethereum follows closely, with a similar 1% increase during the same period. The total market capitalization of cryptocurrencies has surpassed $3.2 trillion, a 2% increase from the previous day.
Interestingly, this rally occurs against the backdrop of global financial market turbulence. International oil prices fell to $56.6 per barrel over the weekend— the lowest level since February 2021—yet this did not dampen investors' enthusiasm for digital assets. Perhaps it is this relative independence that allows the digital asset market to maintain a stable upward momentum amid geopolitical uncertainties.
Compared to the sharp fluctuations in traditional energy markets, the performance of the crypto market appears particularly resilient. This anti-dip capability reflects a growing confidence in Bitcoin as a store of value. From weekly data, the recent upward trend continues, leaving room for further developments.