Bitcoin and Ethereum both charted new monthly highs before retracing slightly. ETC continues to steal the show.
Bitcoin spiked to yet another monthly high of almost $23,000 before getting stopped there. While most alts are calmer on a daily scale as well, ETH jumped to just over $1,600 hours ago. NEAR and ETC are among the best performers now.Ever since the price drop on July 13 to below $19,000, propelled by the record-setting US inflation numbers, bitcoin has been on a roll.
The asset bounced off that weekly low and reclaimed $20,000 in the next few days. Unlike the previous two weekends, this time, BTC actually gained quite a bit of value and was close to $22,000 as Sunday came to an end. Monday started with a brief retracement below $21,000, but the cryptocurrency reversed its trajectory shortly after and jumped above $22,500 to mark aIn the past 24 hours, bitcoin spiked a few hundred dollars above that line and came just inches away from $23,000. As of now, though, it has retraced by over $1,000 and sits under $22,000.This is all you need not to miss any price action in the raging crypto markets.
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