US virtual currency related KK The week was expected to start strong, with Bitcoin (BTC) topping $72,000 for the first time since mid-March as the reward halving approaches. Coinbase (COIN), the only U.S.-traded cryptocurrency exchange, rose 4.9% in pre-market trading, while MicroStrategy (MSTR), the largest Bitcoin holder, rose 10%, Blackrock Bitcoin Exchange Traded Investment Trust (IBIT) rose about 6.5%. %. Bitcoin rose 4.4% in 24 hours, while the CoinDesk 20 Index, an index of the entire crypto market, rose 4.1%. Other tokens that rose on Monday included meme coin Dogwifat, which rose 18%, and Pepe, which rose 10%. According to trader Michael van de Poppe, altcoins still have a lot of momentum as Bitcoin’s dominance continues to maintain its pre-halving peak. “They are [altcoins] Very underrated,” Van de Poppe said in a post about X.
According to technical analysis from 10x Research, Bitcoin could soon reach new all-time highs after breaking through the so-called triangle resistance. BTC is on its way to $72,000, passing through a triangular consolidation pattern identified by a resistance line connecting the March 15th and March 27th highs and a support line connecting the March 20th and April 3rd lows. did. “If the breakout is bullish and it happens early, Bitcoin could rise above $80,000 in the coming weeks. Buying at $69,280 with a stop loss at $65,000 seems appropriate. ” said Marcus Thielen, founder of 10X Research. A memo sent to customers early Monday morning.
Black Rock (BLK) Added The iShares Bitcoin Trust (IBIT) now has 5 authorized participants (APs) for a total of 9 companies. Exchange-traded funds continue to collect billions of dollars from investors. The new AP includes clearing firm ABN AMRO, as well as major Wall Street banks Goldman Sachs, Citadel Securities, Citigroup and UBS, according to a prospectus filed with the U.S. Securities and Exchange Commission (SEC). It will be done. They join Jane Street Capital, JPMorgan, Masquarie and Virtu Americas. CoinDesk reported in January that Goldman Sachs is aiming to play a significant role in Bitcoin ETFs and is in talks with issuers about becoming an AP.
