The largest crypto by market cap broke through its major resistance level at $53,000 during mid-morning U.S. trading hours, which halted price rallies over the past two weeks, and quickly ran just shy of $55,000 by afternoon hours before slightly retraced, CoinDesk data shows. At press time, BTC was changing hands at $54,400, up nearly 5% over the past 24 hours. It outperformed the broad-market CoinDesk20 Index (CD20), which advanced 4%, topping the 2,000 level for the first time.
Source: https://www.coindesk.com/markets/2024/02/26/bitcoin-blasts-past-53k-as-crypto-rally-resumes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines