Bitcoin extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, Centrifuge
The story
Crypto market momentum could extend further unless geopolitical risks flare up again, one analyst said.
From the source
The largest cryptocurrency rose another 2% over the past 24 hours and is now up more than 35% from its early February lows. Ether (ETH), XRP (XRP) and Solana (SOL) also advanced, though they lagged bitcoin’s pace.
Feeding that momentum is strong demand for spot bitcoin ETFs, according to Paul Howard, senior director at Wincent. More than $500 million has flowed into spot BTC funds led by BlackRock s and Fidelity s products on the Monday session, reflecting continued interest from large investors, he said.
The positive sentiment is likely to stay constructive unless geopolitical conditions deteriorate materially, he said.
Who and what
Key names and topics in this story: Bitcoin, Bullish, Galaxy, Centrifuge.
Where to follow next
- Read the full piece at www.coindesk.com
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