Bitcoin stuck near $117K, ETH continues bull run breaches $3,800
Main Idea
Bitcoin is trading near $117K while Ethereum continues its bull run, surpassing $3,800, with ETH ETFs attracting significant inflows.
Key Points
1. Bitcoin is down around 1% in the past 24 hours, trading near $117K, with potential support at $116,000-$117,000.
2. Ethereum surpassed $3,800, trading over 2% higher at $3,722, with a 50% surge in the past month.
3. ETH ETFs attracted $402 million on Friday alone, with total weekly inflows reaching $2.1 billion.
4. Conflux (CFX) gained 103.82% in 24 hours due to a partnership for a Shanghai government-backed offshore RMB stablecoin pilot.
5. Other notable gainers include Ethena (ENA), JasmyCoin (JASMY), and dogwifhat (WIF), with increases of 12.11%, 9.47%, and 9.30% respectively.
Description
Bitcoin hovered near $117,000 early Monday as traders anticipated a potential breakout to the upside. Ethereum extended its recent rally, crossing $3,700 and briefly touching an intraday high above $3,800. The overall cryptocurrency market capitalisation increased by 0.15% to approximately $3.88 trillion, with most of the top 10 digital assets by market value trading in positive territory. Bitcoin eyes $120K break Bitcoin was down around 1% in the past 24 hours to trade at around $117,000 on Mon...
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