Global Stock News

Bitcoin (BTC) price challenges Monday’s rejection level as ether (ETH) looks to break its streak of lower highs

Bitcoin (BTC) price challenges Monday’s rejection level as ether (ETH) looks to break its streak of lower highs

The crypto market took another leg higher on Friday with bitcoin trading at $64,400, up by 2% since midnight UTC.

The largest cryptocurrency is currently at the price it failed to penetrate on Monday. If it can break past this level, it will likely advance toward the June 15 high of $67,250.

Ether (ETH) outperformed bitcoin, rising 2.6% to $1,790 as it looks to snap a trend of sequential lower highs and lower lows.

There were also notable gains across the altcoin sector ahead of the weekend, typically a period of lower liquidity. Zcash (ZEC) and aave both rose by around 5% as optimism is slowly crept back into more speculative bets after months of waning sentiment.

Crypto diverged from U.S. equities, with S&P 500…

Source link

Share this article

Scroll to Top