Bitcoin inspires other crypto buyers

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At the instance the value of bitcoin has changed little in just a few hours, it still stands at $34.3K.

This ability of Bitcoin to hold at new, much higher levels is inspiring altcoin buyers at the present time. Also, the market capitalization of the entire market has increased by 0.6% in just a day.

According to latest reports, Bitcoin is forming a triangle on the daily chart, which is believed by some to trigger upward breakout. Maybe that would lead to an exit above $35K.

Also noted is Ethereum moving up, taking Bitcoin’s lead as the sample, then breaking out above its 200-week MA after a few weeks below it.

Some other gains are seen and the appeared sustained. The rebound from the drop below $1500 has confirmed a long-term broad uptrend, the bulls are likely targeting this upper bound.

CoinShares reported that crypto fund investments rose by $326 million last week. that trend has been the same for some time.

Bitcoin investments rose by $296 million, while Ethereum investments fell by $6 million. Surprisingly, Investment in Solana increased by $24 million.

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