Bitcoin breaks through 120k to record highs as crypto week begins – What now?
- BTC soars almost 20% from its June low.
- Bitcoin institutional demand hits record levels.
- Crypto Week to bring more legislative clarity.
- US fiscal & USD debasement worries rise.
- BTC technical analysis.
Bitcoin has surged almost 20% from its June 23rd low, finally breaking above 110k resistance to hit a record high of 123k. Gains are not limited to Bitcoin, with ETH +2.5% above $3,000 and XRP +5% at almost $ 300. The crypto market capitalisation has reached $ 3.81 trillion, a 3.8% increase over the past 24 hours. The Fear and Greed Index has risen to 70, Greed.
The stars have aligned for the largest cryptocurrency, as BTC shrugs off the risk-off mood across the broader financial markets after…
