Crypto: Bitcoin Has Reached A Three-Week High.

The cryptocurrency market began the new week with a bullish attitude, with the leading “players” returning prices closer to solid support levels. Bitcoin and Ethereum have made huge gains, returning to levels similar to their mid-December highs.

Bitcoin has broken beyond the $17,000 barrier once more, with its value reaching three-week highs. Investors are waiting for new US inflation statistics, which will influence the Fed’s rate hike and monetary policy moves, to be released in the coming days.

After spending the weekend in the $16,900 zone, Bitcoin “jumped” above $17,380 late Monday (Greece time), gaining 2.51%. This is the highest level since December 16, 2017, when it was just above $17,500.

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Ethereum has also benefited tremendously, easily surpassing the “ceiling” of $1,300. It was in the $1,338 range, with gains above 5%. And the second-largest cryptocurrency hit its highest price since mid-December, hovering slightly above $1,350.

Gains of 3.7% for XRP, which “raised” it back to 35 cents, while Litecoin was greatly strengthened by 7.51% in the vicinity of 82 dollars.

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