Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
“Bitcoin's surge past $72,000, a peak not seen since mid-March, signifies bullish momentum as we edge closer to the anticipated reward halving event,” said analysts at Secure Digital Markets. “This uptrend also positively influenced U.S. crypto-related stocks at the week's outset.” They also highlighted a $203 million inflow into Bitcoin ETFs as another bullish sign, noting that “While Grayscale experienced a rise in outflows reaching $198.9 million, Blackrock's inflows surged to $308.8 million. Notably, $IBIT and $FBTC have consistently attracted cash for 59 consecutive days, positioning them among the top 20 of all time.”
They identified $74,000 as the current resistance level for Bitcoin, while $67,500 is a major support. Altcoins benefited from Bitcoin’s move higher, with only 18 tokens in the top 200 recoding losses in trading on Monday.Neo led the gainers with an increase of 34.35%, while SafePal climbed 20%, and Nervos Network gained 18.9%. Bicomomy was the biggest loser, falling 16.2%, followed by a loss of 8.9% for cat in a dogs world , and a decline of 5.2% for Decred .
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »