Market Wrap: Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns – CoinDesk – CoinDesk

Market Wrap: Bitcoin Hits $9
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Bitcoin’s price is rallying and traders also increasingly see investment opportunities on the Ethereum network. 

Bitcoin (BTC) was trading around $9,563 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours. 

At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands around $9,298 on spot exchanges such as Coinbase. It began making gains around that time, appreciating 3% to over $9,600. The price is now well above its 10-day and 50-day moving averages, a bullish signal for market technicians.  

btcjune22
Bitcoin trading on Coinbase since June 19
Source: TradingView

A jump in the bitcoin market Monday after days in the doldrums mirrors the longer-term outlook of Fairlead Strategies’ Katie Stockton, who sees an upward
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