Bitcoin resumed its bullish trend at the beginning of the week and broke out to new historic highs above $106,000. Although some of the gains have already been erased on the back of weak sentiment in Asia and thus Europe, the largest cryptocurrency remains above $104,000.
Net inflows into spot ETFs remain at high levels when it comes to the most popular cryptocurrency, although when it comes to Ethereum, the data for Friday did not inspire optimism, due to only marginal net inflows. This correlation may show that at this point in the cycle, it is Bitcoin that has all the time held the lead when it comes to investor interest.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appAt the same time, Ethereum is gaining 1.32% and settling in the $4,000 region. Other cryptocurrencies are losing value for the most part.
Net inflows maintain a stable upward momentum. Source: XTB
Ethereum, on the other hand, at the end of last week did not interest as many investors. Source: XTB
Bitcoin knocked out new historical levels and thus confirms the medium-term uptrend, whose main support zone now is the $95,000 area Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
