Bitcoin Eyes Longest Winning Streak in 2021 Amid Crypto Rebound

Jul 28 2021, 7:16 PM
July 28 2021, 8:09 AM
July 28 2021, 7:16 PM
(Bloomberg) --
(Bloomberg) --
A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.
The virtual coin rose as much as 7.5% to top $40,900 on Wednesday during New York trading hours. It’s advanced for eight straight days, its longest winning streak since December. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index.
“The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000 “will take some doing,” Pankaj Balani, chief executive officer of crypto derivatives exchange Delta Exchange, wrote in a note Tuesday.

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