Bitcoin breaks six-week losing streak, climbs to $67,000 USD
Posted: Sat May 18, 2024 8:22 pm
Bitcoin breaks six-week losing streak, climbs to $67,000 USD
Read more here:
https://www.cnbc.com/video/2024/05/17/b ... world.html
https://cryptopotato.com/bitcoin-btc-pr ... end-watch/
Bitcoin (BTC) Price Taps $67K, Ethereum (ETH) Climbs Above $3.1K (Weekend Watch)
Author: Jordan Lyanchev Last Updated May 18, 2024 @ 08:32
TON and NEAR are among the few altcoins in the red now.
Bitcoin’s most recent run continued in the past 24 hours as the asset’s price climbed to its highest price in over a month at just over $67,400 yesterday.
Ethereum has also joined the party at last, having surged past the coveted resistance line of $3,000 and jumping above $3,100.
BTC Sees 5-Week Peak
Bitcoin suffered a lot at the start of May as it dumped to a multi-month low of under $57,000. It began to recover some ground in the following week when it soared past $65,000 on May 6 but quickly reversed its trajectory and saw its price dropping to under $61,000 on May 10.
The bulls intercepted the move at this point and didn’t allow any further declines. Just the opposite, BTC maintained its ground last weekend and started climbing on Monday to just over $63,000. Another brief correction came on Tuesday to $61,200, but the lowering inflation rates in the US, which were announced on Wednesday, sent the cryptocurrency flying.
In a matter of hours, BTC skyrocketed by several grand and jumped past $66,000. Although there was another brief retracement, the growing Bitcoin ETF inflows meant more price gains for the underlying asset, which charted a 5-week high of over $67,400 yesterday.
Read more here:
https://www.cnbc.com/video/2024/05/17/b ... world.html
https://cryptopotato.com/bitcoin-btc-pr ... end-watch/
Bitcoin (BTC) Price Taps $67K, Ethereum (ETH) Climbs Above $3.1K (Weekend Watch)
Author: Jordan Lyanchev Last Updated May 18, 2024 @ 08:32
TON and NEAR are among the few altcoins in the red now.
Bitcoin’s most recent run continued in the past 24 hours as the asset’s price climbed to its highest price in over a month at just over $67,400 yesterday.
Ethereum has also joined the party at last, having surged past the coveted resistance line of $3,000 and jumping above $3,100.
BTC Sees 5-Week Peak
Bitcoin suffered a lot at the start of May as it dumped to a multi-month low of under $57,000. It began to recover some ground in the following week when it soared past $65,000 on May 6 but quickly reversed its trajectory and saw its price dropping to under $61,000 on May 10.
The bulls intercepted the move at this point and didn’t allow any further declines. Just the opposite, BTC maintained its ground last weekend and started climbing on Monday to just over $63,000. Another brief correction came on Tuesday to $61,200, but the lowering inflation rates in the US, which were announced on Wednesday, sent the cryptocurrency flying.
In a matter of hours, BTC skyrocketed by several grand and jumped past $66,000. Although there was another brief retracement, the growing Bitcoin ETF inflows meant more price gains for the underlying asset, which charted a 5-week high of over $67,400 yesterday.