🚀 Bitcoin breaks through the $60,000 mark: Review of key market news this week!
This week's market performance is good. Not only did the price of Bitcoin break the $60,000 mark, but the entire cryptocurrency market also showed a prosperous scene.
In the past 24 hours, the market value has increased by more than $100 billion, and the total market value has exceeded the $2 trillion mark. This is due to the collective rise of Bitcoin, Ethereum, BNB and other altcoins.
Bitcoin's performance this week is particularly eye-catching, with prices rising by more than 10% in the past seven days. Traders are currently working hard to overcome the key psychological and technical resistance level of $60,000, and it has risen by about 2% today alone.
Last week, the bulls have been trying to push the price of Bitcoin above $55,000, and this week the situation seems to have changed. The price once reached $58,000 on September 13. After a few days of consolidation, the bulls are now trying to conquer the bull support band near $61,000.
At the same time, the performance of the altcoin market is also impressive. Ethereum rose by more than 7%, BNB rose by more than 13%, SOL rose by more than 8%, and so on.
Some analysts believe that this market rebound is not without reason. Michael Saylor of MicroStrategy, the world's largest corporate Bitcoin holder, announced today that he had purchased $1.1 billion worth of BTC at an average nominal price of about $60,000. This news undoubtedly provided support to the market and may have prevented a more severe decline in the past few weeks.
Former US President Trump also joined in the fun. He just announced that he would launch a digital currency platform called World Liberty Financial (WLFI). The platform will be equipped with digital wallets, credit account systems, and lending options that operate using stablecoins.
Meanwhile, Grayscale is recently launching its XRP Trust, Standard Chartered Bank has proposed that Bitcoin's price target depends on Harris or Trump's victory, and Coinbase plans to launch Wrapped Bitcoin (cbBTC) on the Base and Ethereum networks.
These dynamics indicate that Bitcoin's bull market may have just begun in terms of market data, and the altcoin market has also had a more positive impact. In short, this is an exciting week for the industry!
💬 How long do you think this wave of upward trend can last? Share your thoughts in the comment section!
