Crypto Market Bullish as Bitcoin Edges Closer to $70,000
- Crypto market sentiment turns bullish.
- Bitcoin is within striking distance of its ATH price.
- Monetary policy will continue to loosen in the near term.
2024 has been a rollercoaster for digital assets, causing some to question the potential for another bull run. Yet, with central banks easing monetary policy lately, the crypto market has responded with sporadic surges.
Sponsored
Over the weekend, Bitcoin surged to just under $70,000, nearing its all-time high of $74,000. This jump has ignited bullish sentiment, with investors anticipating a potential breakout.
Crypto Market Sentiment Soars
Bitcoin spiked higher on Sunday evening (GMT,) continuing into the early hours of Monday, reaching a 12-week high of $69,500. However, the leading cryptocurrency subsequently gave up all of Sunday’s gains at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Reacquired by Whales: Potential Investment Pitfall Ahead?
Fast Accumulation Following Brief BTC Decline: A Potential Red Flag for Smaller Investors?
Analyst Predicts FOMC Reaction Could Catapult Bitcoin Beyond $110K
Exploring the Potential Impact of FOMC Meeting on Bitcoin's Short-Term Evaluation: A Possible Leap to $110K?
Decoding Bitcoin’s UTXOs: Forecasting the Cryptocurrency Market Peak
Understanding the Sudden Increase in Bitcoin's Younger UTXOs: An Indicator of Potential Market Peak?
HOT MOMENTS: FED Chairman Jerome Powell Holds Press Conference After Interest Rate Decision – LIVE
Fed Chairman Jerome Powell speaks lively and answers questions at a press conference after the Fed left interest rates unchanged.