(Bloomberg): Cryptocurrency (virtual currency) Bitcoin rose in trading on the 7th and continued to grow on the 5th. With the return of buying for risk assets worldwide, it is the longest consecutive rise since September last year.
Bitcoin temporarily rose 4.2% to $ 43,456. The rise in so-called alternative currencies was even greater, with XRP jumping 16% at one point. According to the coin market cap, Memecoin is leading the rise with a 24% increase in Shiba Inu.
Global markets have been volatile in recent weeks amid concerns over sharp monetary tightening. Bitcoin hit a record high of nearly $ 69,000 in early November last year, and then fell to nearly half the price after being hit by a so-called "winter of cryptocurrencies."
"The fundamental level of Bitcoin hasn't changed much since the 4th, so we may see a short squeeze in the market," said Nathan Bachelor, lead analyst for Bitcoin at SIMETRI Research. .. "At first glance, order status data shows that market holdings are still leaning towards shorts. A break above the $ 43,000 level could rise towards the $ 45,000 level." Told.
Original title:
Bitcoin Posts Longest Rally Since September; Shiba Inu Surges (excerpt)
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Last updated: Bloomberg