Crypto Market Bullish as Bitcoin Edges Closer to $70,000
- Crypto market sentiment turns bullish.
- Bitcoin is within striking distance of its ATH price.
- Monetary policy will continue to loosen in the near term.
2024 has been a rollercoaster for digital assets, causing some to question the potential for another bull run. Yet, with central banks easing monetary policy lately, the crypto market has responded with sporadic surges.
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Over the weekend, Bitcoin surged to just under $70,000, nearing its all-time high of $74,000. This jump has ignited bullish sentiment, with investors anticipating a potential breakout.
Crypto Market Sentiment Soars
Bitcoin spiked higher on Sunday evening (GMT,) continuing into the early hours of Monday, reaching a 12-week high of $69,500. However, the leading cryptocurrency subsequently gave up all of Sunday’s gains at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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