Bitcoin Achieves Highest Point in a Year and a Half Amidst Growing ETF Expectations

“Bitcoin witnessed a robust surge, exceeding 2%, approaching the $31,000 mark, while Ethereum displayed even more remarkable performance with a 3% increase, inching closer to the $1,700 level.”

Cryptocurrencies, including Bitcoin and Ethereum, saw significant gains on Monday, continuing the bullish trend that had been building over the weekend. A potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US played a crucial role in boosting momentum in the digital asset market. Bitcoin made notable gains, surpassing the $30,000 mark, while Ethereum outperformed and crossed the $1,600 resistance level. Several altcoins, such as Solana and Chainlink, also showed substantial growth over the past week.

In addition to Bitcoin, various other cryptocurrencies experienced positive price movements. Notable gainers included Chainlink, Polygon, Solana, BNB, and Polkadot.

The global cryptocurrency market cap increased to over $1.17 trillion, with trading volumes also rising significantly over the last 24 hours.

According to Giottus Crypto Platform’s tech view, Aptos (APT) is on an ascending trend, trading above its 50-day exponential moving average. APT has broken key resistance levels, and its 14-day RSI suggests the bullish trend may continue.

Support and resistance levels for APT:
Support: $5.27, $4.68
Resistance: $6.65, $7.61

Please note that these views and recommendations are provided by analysts and do not necessarily reflect the views of Business Today. It’s advisable to consult with a financial adviser before making any investment decisions.

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