Picture of the author

ZUBI

06/11 12:49

Bitcoin Rises to $110K as Altcoins Rally;

Bitcoin Rises to $110K as Altcoins Rally; Traders Skeptical of Breakout

Positioning across crypto markets doesn't suggest a top, but neither does it seem ideal for continued rally1749645889707.png

  • Bitcoin is again testing the $110,000 level and just below a record, while altcoins like UNI and AAVE have surged due to positive DeFi comments from the SEC Chair.
  • Despite gains, crypto market signals remain cautious, with negative funding rates suggesting potential for a future rally.
  • Experts remain skeptical about a sustainable breakout, citing volatility and potential for sharp drops.

Bitcoin recaptured the $110,000 level for the second consecutive day, perhaps dragged higher by even larger gains among altcoins.

Up 0.9% more than 1% in the last 24 hours, bitcoin was trading just above $110,000 shortly after the close of U.S. stock markets Tuesday. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, exchange coins and memecoins — has risen 3.3% in the same period of time, mostly thanks to ether. 

#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Check In to Win a 20g Gold Bar
2Compartir

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular