Bitcoin Rejected at $67K, Strategy Stays on Hold, BitMEX Shuts Down: Weekly Crypto Recap
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Bitcoin fell to $62,500 at the end of the prior business week, recovered to $64,000 over the weekend and briefly hit $65,000 before a pullback to $63,750 on Sunday and Monday. The rally then cleared $65,000 and $66,000 resistance and pushed BTC to about $67,000 on some exchanges, the highest level since mid June, signaling bullish momentum for the crypto market and spot/CEX activity.
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The previous business week ended with a leg down that drove the primary cryptocurrency to $62,500. However, it reacted swiftly and recovered to $64,000 during the weekend.
The gradual climb continued on Sunday and Monday morning when BTC peaked at $65,000, but it was rejected and slipped south by over a grand to $63,750. The next leg up was a lot more impressive. Bitcoin didn’t stop at $65,000, and even the $66,000 resistance fell on the first attempt. Thus, the asset’s rally extended for a bit more, reaching $67,000 (on some exchanges) for the first time since the middle of June.
In This News
Coins
$ 63.75K
-2.06%
$ 0.00162
-1.57%Predictions Markets
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In This News
Coins
$ 63.75K
-2.06%$ 0.00162
-1.57%Predictions Markets
See what traders are focused on
Share:
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