As Ethereum pushes a new record of altcoin market value, Bitcoin closed at more than $60,000 in the third week


Bitcoin (Bitcoin) After “aggressive” purchases on Coinbase triggered a multi-day high, $61,000 was retained over the weekend.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Coinbase BTC buyers step up

Data from Cointelegraph Markets Pro with Transaction view After a brief challenge of 63,000 USD, BTC/USD cooled overnight.

After the US traditional market opened, Friday’s performance was strong, pushing Bitcoin closer to its lowest monthly closing target.

As the analyst pointed out, Coinbase, the main exchange, was the place where a large number of holdings were added that day.

At the same time, popular trader and analyst Pentoshi pointed out that there was a sell-off elsewhere, especially the spin-off of a BTC that has been hit by a whale. Over 1,000 BTC, Each sold in batches of 20-30 BTC on the open market.

“Just to show how liquid this market is now,” he concluded.

Both the weekly and monthly closing prices on Sunday will arouse the interest of market participants, who may hit a record high. BTC/USD may also close above US$60,000 for the third consecutive week.

Altcoin market value breaks record high

However, for many people, everything is related to altcoins at the beginning of the weekend.

related: Altcoin roundup: Dogecoin, Shiba Inu, and memes are pushing dog sleds to mass adoption

Ethereum’s Ether (Ethereum) beat Historical high On Friday, it helped the overall altcoin market value reach its new peak-1.473 trillion US dollars.

Altcoin market value 1 week candlestick chart. Source: TradingView

Other places are still performing strong, Shiba Inu (SHIB) is Skyrocketing earnings All week.