Bitcoin Begins a New Week by Hitting Above $31K

Bitcoin Begins a New Week by Hitting Above $31K

“Bitcoin broke above $30,000, but it needs to hold the $29,300 level on a retest to suggest continuation to the upside,” Marcus Sotiriou, analyst at digital asset broker GlobalBlock said in a note Monday. “Relief has been long overdue in the crypto market, as the U.S. stock market already rallied last week, after Jerome Powell’s speech that gave the market clarity on their plans to carry out a soft economic landing.”

Originally Posted on: https://www.coindesk.com/markets/2022/05/30/bitcoin-begins-a-new-week-by-hitting-above-31k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Michael Bellusci

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