Bitcoin surged on Monday, as Tesla announced close to $2 billion worth of holdings in BTC.
Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings inBitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% as of writing./USD rose to an intraday high above $43,500.00 during Monday’s session, as markets reacted to the news that Tesla currently holds $1.9 billion in bitcoin.
As of writing, the RSI also climbed to a high point, tracking above its long-term ceiling of 60, which it last hit in mid-November.Monday’s move has also led to a crossover of the 10-day and 25-day moving averages, which many long-term bulls have been waiting for.
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