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Bitcoin hanging around the all-time highs [Video]

Bitcoin hanging around the all-time highs [Video]
Steve O'HareSteve O'HareSignal Centre

Cryptocurrencies were subjected to further choppy trading on Monday. There was a surge at the European open with Bitcoin pushing sharply higher to a peak near $62,500.

Coins were unable to hold the gains, however, and bitcoin subsided in the New York session lows below $61,000 despite a weaker US dollar.

There was still solid buying on dips with bitcoin above $61,500 on Tuesday as investors continued to chase risk assets.

Ether was unable to regain the $4,400 level and retreated back below $4,300 at the European close before a recovery to above $4,350.

Author

Steve O'Hare

Steve O'Hare

Signal Centre

Steve has over 30 years of trading experience in Commodity, Equity and Fixed Income markets, in both research and trading.

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