Bitcoin Daily update / 1 Crypto
That bear market certainly didn’t last long. After two days of losses, Bitcoin is back at $58,000 and Ethereum is back at $2,100. Will we see another strong weekend in the crypto markets? Get started here
The truth is that while it may have been in the red since Tuesday, Bitcoin still traded largely within the range between $56k and $60k where it’s spent the last couple of weeks. Yesterday’s positive price movement arrives amid a stream of positive press and adoption news, with a new Bloomberg report released yesterday predicting Bitcoin at $400k and State Street, the second-oldest bank in the US, announcing it’s set to the infrastructure for a new bank-grade trading platform for digital assets. Will they be enough to send Bitcoin through the resistance at $60k?
The content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
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