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Bitcoin is storming a new psychological frontier

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Crypto News

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The cryptocurrency market continues to grow on Friday evening. Today we can witness a new bitcoin breakthrough.

BTC was trading at $59,900 at the time of publication of this review. If the coin can close above $60,000 before the end of the American session, then updating the historical maximum in October will become a realistic scenario. Recall that in April, the price of bitcoin reached $ 65,000.

Ether (ETH) is approaching $4000, now it is trading around $3805. At the same time, the remaining altcoins, having screwed up, lose capital against the background of the desire of investors to pump BTC and ETH as much as possible.

Bitcoin is storming a new psychological frontier

Bitcoin is storming a new psychological frontier

Cardano (ADA) and Binance Coin (BNB) sank by about 3% to $461 and $2.16, respectively. XRP, Dogecoin and Solana fell to $1.12, $0.228 and $158. The market capitalization now stands at $2.43 trillion.

Technical indicators are improving both on the bitcoin network and on Ethereum. According to IntoTheBlock, when BTC approached $60,000, almost all addresses became profitable. Only 0.95% of wallets bought coins at higher prices.

Analysts predict that if the Securities and Exchange Commission approves Bitcoin ETFs this month, 100% of the addresses will be profitable. A similar situation is observed on the Ethereum blockchain. Now about 98% of wallets are in the black, according to a report by the same IntoTheBlock team.




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