Bitcoin’s short-lived breakout lacks momentum
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City AM
City AM
By Darren Parkin The cryptocurrency markets saw a brief breakout yesterday, with the price of Bitcoin popping back above $30k for the first time in two weeks. The market leader was unable to sustain the momentum and has since dropped back below the important level, where it’s now been hovering for a number of weeks. Bitcoin was changing hands for around $29,800 this morning, up 2 per cent over the past 24 hours. Elsewhere, Solana (SOL) and Toncoin (TON) both led the way with increases of 5 per cent since yesterday. Volatile memecoin Shiba INU has increased in price 10 per cent over the past da…