Bitcoin reached $79,739 on Tuesday, rising 3.1% and extending a sharp rally that began last week when the cryptocurrency surged more than 20% in three days, its biggest three-day gain since 2023. More than $4 billion in bearish crypto positions were liquidated. U.S. spot bitcoin ETFs attracted $1.92 billion in net inflows last week. Ether gained 2% to $2,494. Questions remain about the durability of the move, as bitcoin has been in a prolonged slump since October.
Source: Read the original article
