Bitcoin Hovers Near $80,000, Ethereum, XRP Spike, but Dogecoin Slips As Crypto Rally Gains Steam: Analyst Spots This New Bullish Signal for BTC
benzinga_article·- Major cryptocurrencies and related equities climbed on Monday, with Bitcoin nearing $80,000 and Ethereum reaching a seven-month high. - The global crypto market capitalization increased by 2.36 % to reach $2.68 trillion, while over $420 million was liquidated in 24 hours. - Analyst Ali Martinez noted that Bitcoin reclaimed its 1,130-day simple moving average, a historical indicator that previously signaled the start of new bull markets.Weekend Round-Up: Bitcoin's Best Week Since 2023, Coinbase CEO's Bullish Outlook and More
benzinga_article·- Bitcoin surged by 23.47 % to over $ 77,000, marking its best weekly performance since 2023. - Industry leaders and analysts expressed bullish outlooks, with VanEck reiterating a $ 100,000 price target for Bitcoin by 2027. - The crypto market rally was driven by catalysts from Washington, including regulatory reform and anticipation of the CLARITY Act vote.