Bitcoin Tops $80,000, Solana Jumps 8% but Rally Now Runs Into Overbought Warning
Bitcoin climbed above $80,000 as Treasury buybacks and a softer dollar lifted demand for alternative assets, with analysts calling it an early bull market.
12 Articles
12 Articles
(Seoul = Yonhap News) Reporter Yoo Dong-hyun = Bitcoin has risen to the $80,000 mark for the first time in about three months.
Bitcoin tops US$80,000 for first time since May as US moves boost crypto
Bitcoin has broken above US$80,000 for the first time in three months, riding a broader rally in alternative assets triggered by Washington’s efforts to tame US bond yields. The world’s largest cryptocurrency traded above US$80,900 on Tuesday, jumping roughly 25 per cent over the past week and signalling an early recovery from a prolonged market slump. While bitcoin remains nearly 36 per cent below its record high of US$126,000 set in October, t…
Bitcoin and other cryptocurrencies continued to grow on Mondays, after the main digital currency recorded an advance of more than 20% in just three days, the strongest evolution of this type in 2023. The movement comes to the bottom of the growing concerns of investors about US inflation and budget deficit, CNBC says.
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