• Bitcoin, Ether rise
  • Meme cryptos plunge
  • Market cap rises

The cryptocurrency market continued to zoom as Bitcoin, Ethereum and most of the top coins maintained their upsurge. The world's most popular token Bitcoin rose as its buyers continued to outnumber its sellers.

The global market cap was up 0.22% at $1.92 trillion as of 4.19 a.m. ET, CoinMarketCap data showed. Bitcoin was up 0.96% at $41, 774. Ethereum, too, 0.07% to $3,096.

According to WazirX's daily analysis, Bitcoin rallied to cross $42,000 as buyers continued to outnumber sellers for the third consecutive day. "The next resistance for BTC is expected at $48,600 whereas immediate support is expected at $37,600," WazirX trade desk told International Business Times.

While Terra LUNA, Cardano, and Avalanche surged, the rest of the top 10 tokens plunged. Meme cryptos Shiba Inu and Dogecoin too dipped.

WazirX further noted that ApeCoin(APE), the native utility token for the APE ecosystem, jumped up by over 30% in the last 24 hours, significantly outperforming the overall crypto markets.

In other news, a new study has shown that Switzerland currently has the most profitable Bitcoin traders in the world. Meanwhile, France has become the topmost country in terms of “the best Bitcoin trading nation.”

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.

The underlying message is that self-custody of crypto is far too risky, in contrast to the security of traditional bank or brokerage accounts and crypto institutions.  Pixabay