Bitcoin breaches $23,000 as line of resistance begins to weaken

Published by
City AM

By Darren Parkin Bitcoin is up another per cent since yesterday, trading on an undulating line around $23,000 this morning, and 9% higher over seven days. Ethereum is going for $1,635, having slowed down somewhat over 24 hours. It signals a diversion between Ethereum and Bitcoin, the latter outpacing the original smart contracts crypto in recent days. The CoinDesk Market Index, a broad-based index measuring the movements of the entire crypto market, is up 1.24% over 24 hours. Investor optimism over the future outlook of the economy seems to be the main driver behind the current rally, analysts…

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