The gains in Bitcoin have confidently pushed it past an inverted head and shoulders that looks to be targeting $70,000.
Ethereum, similarly, is trading above the psychologically important $2K, up more than 10% on the session. It is now approaching a technically important zone as price is breaking above the upper boundary of a Linear Regression channel.
The global cryptocurrency market cap is $2.45 trillion, reflecting a 6.78% increase in the past 24 hours.
The sustainability of this crypto momentum may hinge on NVIDIA’s earnings report, due after the bell today.
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