Crypto Quick Look: BTC Touches $42,000, ETH Notches10-Day Peak

The crypto market was mostly in the green territory on Thursday, with Bitcoin recovering all of the previous day’s losses and even surged to a 10-day high beyond the $42,000 level. Bitcoin was trading at $42,484.88, up 3% in the last seven days, data from Coingecko show. Ethereum followed suit with a similar local high, but the majority of the crypto market remained in the green on a daily basis. Following yesterday’s bounce, bulls continued to push prices higher. BTC surpassed the $42K mark after breaking over a critical resistance point, while ETH also surpassed its own $3,150 ceiling after temporarily dropping below $3K earlier in the week. Suggested Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position Bitcoin has recaptured the critical $42K milestone following a week in which the price fell as low as $38,000. This robust performance and the steady price advances signal the possibility of a new bull run in the coming days. Robust Performance For Bitcoin The cryptocurrency achieved another minor milestone in the last 24 hours, surpassing the January 2021 all-time high of $42,000 for the first time since April 11. As of this writing, it is slightly below that threshold, with a market valuation approaching $800 billion. If Bitcoin’s momentum finally reverses, market analysts may begin to see an influx of bulls, perhaps pushing price towards the impending resistance level of...