Market Wrap: $10,000 Remains Bitcoin’s Price to Beat
www.coindesk.com
At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands ataround $9,760 on spot exchanges including Coinbase. Bitcoin trading on Coinbase since June 6Source: TradingView
On a relatively quiet Monday, many traders continue to view a break above $10,000 as the make-or-break signal on bitcoin’s continued strength.
Since the start of 2020, bitcoin has appreciated over 35%, while gold is up 11% and the SP 500 index of U.S. stocks is flat, back to where it was at the start of the year. Ether trading on Coinbase since June 6Source: TradingView
Cryptocurrency winners on the day include monero (XMR) up 2.6%, qtum (QTUM) climbing 2% and decred (DCR) in the green 1%.
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