Bitcoin surge continues as buyers look to stick the landing

  • The cryptocurrency is up 8% this week and looks poised for its first ever weekly close above $110,000
BTCUSD W1 11-07
Bitcoin (BTC/USD) weekly chart

The upside run continues as we look towards European trading, with Bitcoin now touching $118,000. There's no major catalyst of sorts but demand conditions are staying very much underpinned for the cryptocurrency. The move away from the dollar has definitely raised a lot of awareness about portfolio diversification in the first half of the year. It's really looking like it will be the summer of crypto, and also collectibles. I've got a post coming up on the latter. So, stay tuned.

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