Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
looked set to start the week on a positive note after bitcoin climbed through $72,000 for the first time since mid-March as its reward halving draws closer.
Coinbase , the only U.S. traded crypto exchange, gained 4.9% in pre-market trading, MicroStrategy , the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund , added around 6.5%. Bitcoin advanced 4.4% over 24 hours while the CoinDesk 20 Index, a measure of the broader crypto market, rose 4.1%. Other tokens rising on Monday included meme coins dogwifhat, which gained 18%, and pepe, which rose 10%.
Bitcoin could soon rally to new record highs after breaking through a so-called triangle resistance, according to technical analysis by 10x Research. On its way to $72,000, BTC passed through a triangular consolidation pattern identified by a resistance line connecting March 15 and March 27 highs and a support line connecting March 20 and April 3 lows."If the breakout is bullish, which we suspect, bitcoin could climb above 80,000 during the next few weeks – if not earlier. Buying at $69,280 and setting a stop loss at $65,000 appears appropriate," Markus Thielen, founder of 10X Research, said in a note sent to clients early Monday.
The new APs include Wall Street banking giants Goldman Sachs, Citadel Securities, Citigroup and UBS alongside clearing house ABN AMRO, according to a prospectus filed with the U.S. Securities and Exchange Commission . They join Jane Street Capital, JPMorgan, Masquarie and Virtu Americas. CoinDesk reported in January that Goldman Sachs was looking to play a key role for the bitcoin ETFs and was in talks with issuers about becoming an AP.
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