Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record – Cointelegraph

Bitcoin (BTC) preserved $61,000 into the weekend after aggressive buying on Coinbase sparked multi-day highs.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling overnight after briefly challenging $63,000.

Friday saw strong performance after U.S. traditional markets opened, helping lift Bitcoin to near its minimum monthly close target.

As analysts noted, major exchange Coinbase was the venue for heavy accumulation on the day.

Popular trader and analyst Pentoshi meanwhile noted selling elsewhere, specifically from one whale whose BTC divesting has now hit over 1,000 BTC, each sold on the open market in batches of 20-30 BTC.

Just goes to show how liquid this market is now, he summarized.

Both the weekly and monthly close on Sunday will be a source of interest for market participants, with the latter seeing a potential all-time high. BTC/USD may also close its third week in a row above $60,000.

For many, however, it was all about altcoins as the weekend began.

Related:Altcoin Roundup: Dogecoin, Shiba Inu and memes are hauling the dogsled to mass adoption

Ethereum's Ether (ETH) hit new all-time highs on Friday, helping the overall altcoin market cap reach new peaks of its own $1.473 trillion.

Strong performance remained elsewhere, with Shiba Inu (SHIB) steadying after its blistering gains throughout the week.

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Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record - Cointelegraph