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“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 .
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »