Miami, FL – Leading cryptocurrencies saw a slight uptick in performance on Monday, aligning with a surge in tech stocks. Bitcoin, Ethereum, and Dogecoin all experienced gains in their prices.

Bitcoin showed fluctuating movement, hovering between $92,000 and $89,000. Despite this, the leading cryptocurrency has shown a loss of momentum since surpassing $93,000 last week. On the other hand, Ethereum showed a small increase, reaching an intraday high of $3,225 before dropping back down to $3,150.

In the past 24 hours, over 114,000 traders were liquidated, resulting in total liquidations exceeding $329 million. Additionally, more than $200 million in upside bets were erased. The Open Interest in Bitcoin futures increased by 2% in the last 24 hours, indicating sustained speculative interest.

Investor sentiment, as indicated by the Cryptocurrency Fear and Greed Index, reached a level of “Extreme Greed” at 90. This sentiment suggests a high level of optimism and bullishness in the cryptocurrency market.

The global cryptocurrency market capitalization rose to $3.08 trillion, marking a 1.84% increase in the last 24 hours. This increase coincided with a rise in tech stocks, with the Nasdaq Composite gaining 0.60% and closing at 18,791.81. The S&P 500 also saw a modest increase, while the Dow Jones Industrial Average experienced a slight decline.

The tech stock rally was supported by news of potential regulatory changes that could benefit self-driving vehicle companies. In addition, investors were eagerly anticipating the upcoming earnings report from Nvidia Corp., a major player in the AI industry.

Popular cryptocurrency analyst Ali Martinez projected Bitcoin’s potential future movements based on historical data. Martinez suggested that Bitcoin could reach $138,000 before experiencing a significant correction, drawing parallels to previous market trends.

CryptoQuant, an on-chain analytics firm, provided further insight, indicating that Bitcoin still has room for growth based on the Short Term Holders SOPR indicator. The indicator, coupled with the 30-day moving average, suggests that short-term holders are taking moderate profits, with no signs of excessive market euphoria.

Overall, the cryptocurrency market and tech stocks showed positive movements on Monday, signaling continued investor interest and optimism in the market. Experts and analysts remain cautiously optimistic about the future trajectory of cryptocurrencies like Bitcoin and Ethereum.