Crypto Breaks Above Key Technicals, Extends Friday's Surge
From zerohedge.com
After Friday's surge in cryptos lifted the entire space green for the week (following an ugly start to the week), Saturday saw markets flatline, but early after trading today (Sunday) has seen a renewed bid across all assets. Bitcoin just topped $49,000... {chart} This moves comes just over a week after China 'banned' crypto (for the 25th time) and erases losses due to SEC's Gensler's comments on DeFi regulation... {chart} Ethereum is nearing $3500... {chart} Bloomberg reports that The quick jump may have been fueled by a short squeeze in parts of the market, according to JST Capital co-founder Todd Morakis and ...
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