By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Injective, Fantom soar as Bitcoin price surges past $68k
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Injective, Fantom soar as Bitcoin price surges past $68k
Crypto

Injective, Fantom soar as Bitcoin price surges past $68k

By Viral Trending Content 3 Min Read
Share
SHARE

  • Injective price rose 10% to above $27.26, while Fantom hit $0.96 after surging 12%.
  • Gains for the altcoins came as Bitcoin price crossed the $68,000 mark to hit its highest level since April 12.

Bitcoin (BTC) price rose more than 2% in afternoon trading on Monday as bulls broke above $68,000.

Contents
Injective, Fantom prices surgeBitcoin price hits highest level in over a month

This is the first time that the flagship crypto asset has reached these levels since April 12 – when BTC fell from highs of $69,100.

Injective, Fantom prices surge

As the benchmark cryptocurrency looked towards the $69k mark, a host of altcoins mirrored the upside. Ethereum broke above $3,150, BNB hit $580 and Solana price rose to above $181, notching a 24-hour uptick of nearly 6%.

However, some of the biggest gainers on the day were Injective (INJ) and Fantom (FTM).

According to data from CoinGecko, Injective price was up 10% to $27.26 at the time of writing. Meanwhile, Fantom continued its recent upward momentum with a 12% spike that saw FTM price hit highs of $0.96.

Injective’s 24-hour trading volume rose more than 113% to $121 million, while Fantom’s was up 11% to over $385 million.

Bitcoin price hits highest level in over a month

BTC’s jump to $68,679 on Coinbase saw the leading cryptocurrency reach its highest price level in more than a month.

The sudden spike in the price of Bitcoin comes after the benchmark cryptocurrency bounced sharply following last week’s release of the US Consumer Price Index (CPI) data.

On May 15, BTC price rose more than 8% from lows of $61,539 to highs of $66,480 as stocks rallied amid the softer-than-expected CPI data for April.

Today’s gains come as the spot Bitcoin ETFs resume sharp inflows after the past few weeks recorded unimpressive numbers.

Analysts at QCP noted last week that the slowing inflation, institutional adoption of Bitcoin and the upcoming US election could provide catalysts for new momentum that takes BTC to above $74k.

As Bitcoin extends gains above the $66k support level, it’s likely a breakout above the $70k area will open a path for bulls to target a new all-time high.

Before then, crypto analyst Rekt Capital expects a run to the $71,500 area.

You Might Also Like

Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown

Solana futures surge as institutions drive open interest to record highs

Could Trump’s $2,000 tariff rebates for Americans stimulate an altcoin surge?

Bitcoin Holders Locking In Gains As Profit-Taking Surges Amid Market Recovery, Rally To Extend?

Uptober ignites: why $200k is within reach after Bitcoin breaches $120K

TAGGED: BTC, Crypto, Crypto News, Cryptocurrency News, Markets, News
Share This Article
Facebook Twitter Copy Link
Previous Article Jack Smith’s Appointment Violated the Constitution, Some Legal Experts Argue
Next Article More majors for Schauffele ahead after beating 'box office' Bryson?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

ServiceNow unveils AI Experience, the UI for enterprise AI
Tech News
Lawsuit: Tesla design trapped a college student inside as it burst into flames
Business
Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
Crypto
3 high-dividend investment trusts to consider for passive income
Business
Sonnet 4.5 vs GLM 4.6 vs Codex : Detailed AI Coding Comparison
Tech News
Solana futures surge as institutions drive open interest to record highs
Crypto
Patricia Routledge Net Worth: How Much Money the ‘Keeping Up With Appearances’ Star Had
Celebrity

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

ServiceNow unveils AI Experience, the UI for enterprise AI

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
ServiceNow unveils AI Experience, the UI for enterprise AI
October 3, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?