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Crypto Market Tests Breakout Above Key Resistance

Crypto Market Tests Breakout Above Key Resistance

Bitcoin daily chart, including MAs. Source: FxPro

Bitcoin rose to $76K, later retreating to $74K, where it is trading as the European session begins. The market is currently testing the rally’s stability. Meanwhile, sentiment in traditional markets has shifted: gold and stock indices closed higher on Monday, while the dollar index dived back below 100.

Crypto News

According to CoinShares, global investment in crypto funds rose by $1.1 billion last week, marking the third week of inflows after five weeks of outflows. Investments in Bitcoin increased by $793 million, in Ethereum by $315 million, in Solana by $9 million, and in Chainlink by $3 million.

Since the beginning of the Iranian crisis, the total assets under management (AuM) in…

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