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Bitcoin Nears USD 60K, Ethereum and Altcoins Rise
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Bitcoin price remained well bid near the USD 57,000 level. As a result, BTC started a fresh increase above the USD 58,000 resistance zone. It is currently (04:13 UTC) gaining pace and it might even surpass the USD 60,000 level as the price jumped following a report that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading.
Besides, most major altcoins are also moving higher. ETH is up 5% and it cleared the USD 3,800 resistance zone. XRP is struggling and it is still well below the USD 1.20 resistance, while ADA failed to hit the USD 2.20 resistance.
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After a minor downside correction, bitcoin price found support near the USD 57,000 zone. BTC
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