The Crypto Report: Ethereum and bitcoin surge on soft US dollar, altcoins join the rally

The crypto markets saw a strong boost today, coinciding with a softening of the US dollar.

Bitcoin sailed comfortably past US$20,000 for the first time in three weeks, encouraged by a riskier investor appetite, S&P 500 momentum, and large-scale liquidations of short BTC positions.

Ethereum rallied some 11%, extending past the US$1,500 price point for the first time since mid-September and before The Merge.

Now at US$1,532, ether has cut back slightly, so speculation of a bear trap should not be ruled out.

#ProactiveInvestors #TheCryptoReport #Bitcoin #Ethereum #Ether #TheMerge

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