Bitcoin nearly tapped $29,000 this morning as the bull run has continued. The leading cryptocurrency is up 5% en el pasado 24 horas, having pushed from the $27,000 region to $28,900 in the latest leg higher.
Bitcoin currently trades for $28,750 as bulls have failed to surmount the $29,000 resistance.
Chart of BTC's price action over the past month from TradingView.com
Altcoins are underperforming during this rally higher.
Ethereum has only gained 3% en el pasado 24 horas, underperforming Bitcoin’s rally. This has been a large trend of the past year, with BTC strongly outperforming altcoins as it sucks the air out of the Altcoin
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This may largely be due to the composition of investors that are entering the cryptocurrency market. Where retail investors often push altcoins higher, institutional players are focusing their efforts on Bitcoin.
Lectura relacionada: He aquí por qué el mercado DeFi de Ethereum puede estar cerca de un fondo
Bitcoin ETF Filed
This latest leg higher comes as it was revealed that digital asset-friendly exchange-traded fund firm VanEck has once again filed for a Bitcoin ETF with the Securities and Exchange Commission.
Lectura relacionada: 3 Las tendencias en cadena de Bitcoin muestran que se está gestando un macro mercado alcista
Imagen destacada de Shutterstock Etiquetas de precio: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Nearly Taps $29,000 mientras Bull Run continúa
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