Bitcoin is exploding higher once again after consolidating under $18,000 for a number of days. The leading cryptocurrency just minutes ago passed $18,700 for the first time since the top of the previous bull market in 2017. The coin is up approximately 6% in the past 24 hours, having bounced back from the local lows in the $17,200 region.
Ethereum is up as well. The coin is pushing $510 as of this article’s writing, which are prices last seen near the 2018 peak. ETH is up 9% in the past 24 hours while altcoins have enjoyed notable gains as well.
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Although it appears there are some technical trends driving this Bitcoin move, the cryptocurrency seems to be moving higher on the day due to fundamentals too.
Today, a chief investment officer of Blackrock, one of Wall Street’s biggest and