Bitcoin (BTC) has gained ground again after hitting lows of $25,800 late Friday, rising to $27,400 early Monday morning. Markets are preparing for a busy week ahead with U.S. retail sales data to be released Tuesday and Federal Reserve Chair Jereome Powell to speak on Friday. Stocks and commodities were also climbing early Monday. Some traders believe bitcoin’s holding of the $27,000 level over the past few days is setting the crypto up for a run to new highs. Among other crypto movers Monday, Lido DAO (LDO), a liquid staking solution for Ethereum, gained 10%, and Litecoin (LTC) was up 8%.
Related posts
-
Germany transfers about $40m in Bitcoin amid ongoing selloff
The German government has transferred 700 Bitcoins (BTC), valued at approximately $40.47 million. This transaction is... -
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in... -
Bitcoin hits 5-month low, Mt. Gox begins repayments, Circle secures MiCA license
Today’s edition of the weekly recap: Bitcoin (BTC) drops to a five-month low amid a series...