The cryptocurrency market has once again demonstrated strong rising momentum, with a total market capitalization increase of 52 billion USD in the past 24 hours, reaching a new height of 3.87 trillion USD. This significant growth brings the total market value close to the key resistance level of 3.89 trillion USD. If this level is broken, it is expected to further climb to 3.94 trillion USD.

Bitcoin, as the leader of the market, is currently trading at around $114,456, just a step away from the important resistance level of $115,000. If it successfully breaks through this level, the price of Bitcoin is expected to challenge a new high of $116,096. However, there is also a risk of market pullback, which may fall back to the support levels of $112,500 or $110,000.

It is worth noting that not all cryptocurrencies are rising in sync. In this wave of gains, Zcash (ZEC) has performed particularly well, surging 15% within 24 hours to reach $70, setting a new high in nearly 9 months. If this rise trend continues, Zcash may further challenge the $80 price level. However, investors should also be cautious, as profit-taking may lead to a price drop to around $61.

Analysts point out that the fourth quarter has traditionally been a strong period for the digital asset market, and the current rising trend is likely to continue. Market sentiment is generally optimistic, and sustained capital inflows suggest that the total market capitalization of cryptocurrencies is expected to break through the $40 trillion mark. The driving force behind this wave of increase mainly comes from two aspects: strong demand from institutional investors and active participation from retail investors.

However, investors still need to be cautious and closely monitor market trends. Although the overall trend is positive, the high volatility of the cryptocurrency market still exists, and individual coins may experience severe fluctuations. Investors are advised to consider market trends, project fundamentals, and their own risk tolerance when making investment decisions, and to adopt a reasonable investment strategy.