$ICP is back on a bullish trail after 30% pump over the past 24 hours.
Internet Computer’s ($ICP) upward trend experienced a bearish pullback in the first week of 2024 to dampen the bullish momentum. After a significant breakout about the $11.4 resistance level, $ICP retraced to the $11 price level within five days.
However, bulls displayed their strength at the new support level of $11.4 with a strong 30% price jump over the past 24 hours. This curtailed the bearish retracement and could see $ICP hit the $16 - $18 price zone in the coming days.
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While traditional markets reacted sharply to global trade policy shifts, the cryptocurrency market demonstrated remarkable stability, buoyed by the significant and ongoing accumulation of Bitcoin by corporations signaling a strong belief in its future
By making it easier for traditional funds to access blockchain networks, Calastone is facilitating the convergence of these two financial ecosystems and paving the way for broader adoption of tokenized assets
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This development is being closely watched by the cryptocurrency industry, as the SEC under Atkins' leadership is expected to play a crucial role in shaping the future regulatory landscape for digital assets in the United States.
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