Bitcoin Surges Above $57,000, Ethereum Pops as Crypto Rally Gains Momentum
TL;DR Summary
Bitcoin surged past $57,000 for the first time since November 2021, with a 9% gain over 24 hours, as the broader CoinDesk 20 Index also rose 8.9%. The rally began in the U.S. on Monday, with bitcoin surpassing $53,000 and later reaching $54,000. The price then surged past $55,000, $56,000, and $57,000 in a matter of minutes. U.S.-based spot bitcoin ETFs saw significant trading volume, with a record-high $2.4 billion on Monday, and Grayscale's GBTC experienced its smallest one-day outflow of bitcoin since the launch of the spot ETFs.
- Bitcoin Tops $57K as Rally Picks Up Steam CoinDesk
- Bitcoin Price Blasts Past $56,000, Yielding $157 Million in Liquidated Shorts Decrypt
- Bitcoin Price Struggles as Crypto Traders Turn Their Attention to Ether Barron's
- Bitcoin surges above $54,000, Ethereum pops Yahoo Finance
- Bitcoin breaks $57000 as big buyers circle Reuters
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