(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to $42,606, its highest since May 18. Market watchers have pointed to $40,000 as an important inflection point. It was up about 0.5% at $41,739 as of 6:13 a.m. New York time on Sunday. “A run like this certainly suggests some flow backing,” said Jonathan Cheesman, head of over-the-counter and institutional sales at… Source link
Read More »Bitcoin Rallies Past $40,000 Level to Highest Since Mid-May
