Bitcoin Price Spikes Above $31K as Ethereum Gains Spark “Altseason” Calls
Bitcoin broke $31K a little while ago – it is now @ $30800. Hold onto your hats, this ride is going to get wild
Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls
“Data from Cointelegraph Markets Pro and TradingView captured new 10-month highs of $31,035 for BTC/USD on Bitstamp.
The pair had risen gradually the day before after a consolidatory period around new macroeconomic data prints from the United States.
These had furthered the bullish risk asset narrative, with the Consumer Price Index (CPI) and Producer Price Inflation (PPI) prints showing inflation slowing faster than expected.
While Bitcoin did not react immediately, the latest uptick reinforced market participants’ convictions over continued strength and a break with the long-term downtrend.”