Bitcoin (BTC) breaks $62,000 to new all-time highs


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Bitcoin broke the $62,000 mark this morning to set a new all-time high, data from markets tool CoinGecko shows.

The network is now worth over $1.1 trillion, with 18.6 million BTC now in circulation. It traded at $60,000 yesterday but convincingly broke through the $61,700 mark on the back of the Coinbase public listing and other strong fundamental news.

As the below image shows, Bitcoin trades above its 34-period moving average, a tool used by traders to determine an asset’s trend, and remains in a strong “uptrend.” There’s currently no visual or technical “resistance” level where sellers could step in to take profits—meaning the runway for Bitcoin to run even further is clear.

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Bitcoin is surging. Image: TradingView.


The post Bitcoin (BTC) breaks $62,000 to new all-time highs appeared first on CryptoSlate.

Source: Bitcoin (BTC) breaks ,000 to new all-time highs

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