The cryptocurrencies rally continues for another week. Since our last update, bitcoin renewed the upward momentum but ultimately was unable to clear the $270 dollars level. Meanwhile Litecoin surged higher to $5.63 dollars per coin.
Bitcoin Rejected at $270 Dollars
In the past two days BTC/USD broke the previous high at $269.30 and set a new multi-week high at $272 dollars per coin. But the rally higher failed to clear this level for a second time. The correction seen today tested $260 dollars.
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