Cryptocurrencies saw a surge on Monday, as the largest cryptocurrency by market capitalization Bitcoin smashing through its major resistance level at $53,000. What Happened: Several factors are currently driving the price movement of BTC. These include continuous spot Bitcoin ETF inflows, the halving, and the positive investor sentiment from both retail and institutional players. Bitcoin skyrocketed to over $56,000 on Monday, reaching its peak price since November 2021. Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) have achieved a daily record on Monday .The tradi…

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