Breaking: Bitcoin breaks above $11,000 for the first time since March 2018

FXStreet Team FXStreet

The first digital currency hit $11,125 high on Saturday trading as the rally is gaining traction. At the time of writing, BTC/USD is changing hands at $11,046 amid strong bullish sentiments. The next target awaits us on approach to $11,500. This psychological barrier is strengthened by 50% Fibo retracement for the significant downside move from the all-time high reached in December 2017.

BTC/USD, 15-min chart

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FXStreet Team

FXStreet

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.