Crypto markets news: Bitcoin price above $1,07,000 levels today, experts eye long-term growth
The bulls are keeping control feel experts as Bitcoin price reached above $1,07,000 levels today. Many are eyeing long-term growth.
Crypto markets news: Bitcoin price above $1,07,000 levels today, experts eye long-term growth
The bulls are keeping control feel experts as Bitcoin price reached above $1,07,000 levels today. Many are eyeing long-term growth.
Crypto markets news: The bulls are keeping control feel experts as Bitcoin price reached above $1,07,000 levels today, on May 21. Many are also eyeing long-term growth in Ethereum. (Image: Pexels )
Crypto markets news: The world's biggest cryptocurrency reached a high of $107,995 on May 21, but remained between the $106-107k levels during the day, according to data on CoinMarketCap.
At time of writing, Bitcoin was at $106,706.27 up 1.50 per cent from the previous day, with market capitalisation of $2.12 trillion, up 1.50 per cent day-on-day, and trading volumes down 2.04 per cent to $53.65 billion.
According to the CoinSwitch Markets Desk, this is the first time since January that Bitcoin has surged past the $107k level and is 2 per cent away from its all-time high, as bullish momentum intensified.
“Bitcoin futures open interest rose by 10.65 per cent from last week to $74.35 billion, led by Binance with $12.28B, signaling growing leverage in the market. Institutional demand also played a role, with US spot BTC ETFs recording net inflows of $41.7 million yesterday, marking their fifth consecutive day of inflows,” they said.
