7 months ago
Bitcoin is continuing its bonzer run, smashing done $60k anterior to the opening of the US market.
Bitcoin subsequently recorded a caller year-to-date precocious of $60,807 earlier retracing to $60,140 arsenic of property time. It soared 7% implicit the past 24 hours, adding to its gains from the commencement of the week. Since Monday, Feb. 26 the flagship integer plus is up 20% from $51,500.
Bitcoin terms (Source: TradingView)Were Bitcoin to clasp supra $60,000 for much than 24 hours it would beryllium lone the 2nd clip it has closed a monthly candle supra the cardinal level. The lone different monthly candle adjacent was successful October 2021, erstwhile it closed astatine $61,293. Thus, a 1.94% summation from the existent level would spot Bitcoin people its highest monthly adjacent successful history.
Bitcoin monthly candles (Source: TradingView)The Bitcoin terms surge tin perchance beryllium attributed to a supply squeeze owed to the accrued request from spot Bitcoin ETFs successful the US. Further, ‘smart money‘ has been accumulating Bitcoin alongside ETF inflows, starring to a cleanable tempest for a terms surge.
The station Bitcoin breaks $60k, present lone 2% from highest monthly adjacent successful history appeared archetypal connected CryptoSlate.
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