Bitcoin Surges Above $54,000
ETH is trading above $3,150 as crypto markets continue to cheer positive ETF flows.
By: yyctrader • Loading...
Markets![Bitcoin Surges Above $54,000](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7f91984f7c32353b27e2ef35960d4dc88e09b30e-1792x1024.webp&w=828&q=75)
Markets are kicking off the week firmly in the green as Bitcoin trades above $54,000 for the first time since early December 2021.
The world’s most valuable cryptocurrency has rallied almost 30% in the past month on the back of continued inflows into spot Bitcoin ETFs, with investors adding nearly half a billion dollars on Thursday and Friday alone.
![BTC Price](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F9516c7a258c2057ac7c79a2bfeca6d12f3050345-819x462.jpg&w=828&q=100)
Investor sentiment was further buoyed after longtime Bitcoin bull Michael Saylor revealed that Microstrategy purchased another $155 million worth of BTC last week.
Meanwhile, Ether rallied to a new yearly high of $3,166 and is currently changing hands for $3,130.
Solana’s SOL bounced sharply off the overnight low and is up nearly 9% in the past few hours.
![SOL Price](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fb8c930c9bf394a83b59c403b52f53ac806602751-815x442.jpg&w=828&q=100)
Other notable movers include Polygon’s MATIC, which rallied 9% to a two-month high of $1.07.
Lido’s LDO, ApeCoin and NEAR are also up between 8% and 10% on the day.
Advertisement
The Defiant Daily
“an industry must-read”
Get an edge in Crypto with our free daily newsletter
Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri
90k+ Defiers informed every day. Unsubscribe anytime.