Cryptocurrencies are back in a big way. Bitcoin has rallied back to some US$119,000, up nearly 1% and near a record high of US$123,000. Ethereum also appreciated, to around US$3,885, its all-time high so far this year. It’s not just the market leaders that are seeing the gains. Altcoins are also on the move, with copyright Coin (BNB) up 6%, Avalanche (AVAX) up over 4.6%, and Bitcoin Cash (BCH) up nearly 3.7%. It’s not a one-off, it’s a sign that there is more optimism and a greater want for risk.
Bitcoin resistance is again the trendsetter. The current price rally indicates the increasing appetite of institutional investors and retail traders in equal numbers. As global economic uncertainty starts fading, digital assets are reclaiming their space, and their status. For Bitcoin, staying in spitting distance of its record high is a very powerful message: investors still think it can be used as a usable hedge and a safe part of the new financial system.

https://crafmin.com/copyright-rebound-bitcoin-ethereum-altcoin-surge/