BTC Finally Settles New Territory
Bitcoin seems ready to explore the $70k+ frontier. Will it leave ETH in its dust?
BTC or bust? Bitcoin's new all-time high this morning shows that the asset is ready to explore new heights after a week of timidly pushing up against ATHs.
After ticking $70,000 on Friday, BTC went on to trade within a 3% range just below its highs throughout the weekend before price exploded early Monday morning as traders positioned themselves to front-run the BTC buy pressure from spot ETFs.
While Bitcoin was quick to reject the new all-time highs that were struck last week, today marks the first time this cycle that BTC has been able to trade higher after cracking all-time highs, a feat that has not been achieved since November 2021!
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
