Yahoo Finance
Cryptocurrencies are tentatively recovering to begin the year's third quarter.
On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours.
Bitcoin's price is back above the key support level of $60,000 U.S.
that analysts say is needed for a sustained rally to begin.
A week ago, Bitcoin was trading at a 21-month low of $58,000 U.S.
Other cryptocurrencies are also staging a rebound, with Ethereum's price up 3% over the past 24 hours to $1,740 U.S.
Heading into the July 4th holiday weekend in America, crypto prices were gaining ground as investors rotate capital out of high-flying microchip and semiconductor stocks such as Micron Technology (NASDAQ: $MU) and SanDisk (NASDAQ: $SNDK).
Adding to the bullish sentiment around crypto is news that exchange-traded funds (ETFs) that track the spot price of Bitcoin have seen an influx of capital following a 10-day losing streak.
Bitcoin ETFs attracted $221.7 million U.S.
of capital on July 2, their biggest inflow in two months.
The inflows ended a difficult 10-day outflow streak that saw investors pull a total of $2.73 billion U.S.
Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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