The last time we had an episode like this was the break of the $72,000 mark last year. Just before that, Bitcoin threatened a drop under $50,000 before jumping up by 50% on the break to the upside. Will we see similar gains this time around?
Elsewhere, Ethereum is also trading back up to above $3,000 today as the broader rally among cryptocurrencies pick up.
As we see a surge in cryptos, it's leading to a broader trend among people looking to spend/wash their money as well. I wrote about one aspect of it last week here.
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