Bitcoin’s Bullish Momentum Continues with Strong Golden Cross
- Bitcoin traded around $86,100 on Monday, up by 1.14% in the last 24 hours.
- The entire crypto market capitalization increased by 1.36% to $2.94 trillion.
- A second, stronger “golden cross” was observed as the Bitcoin price showed bullish momentum.
- U.S. spot bitcoin ETFs recorded net inflows of $189.84 million recently.
- The Fear & Greed Index sits at a “greed” level of 68, indicating positive investor sentiment.
Despite not surpassing its recent high of $87,354, Bitcoin‘s current trading level and technical indicators suggest strong upward momentum in the market.
With a robust “golden cross” and increasing ETF inflows, Bitcoin maintains a bullish outlook amid favorable macroeconomic conditions and investor sentiment improvements.(Source)
