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Bitcoin Is on the Verge of a Major Breakout—and What Else Is Happening in Crypto Today

Bitcoin, the leading cryptocurrency, was up almost 5% over the past 24 hours to near $45,000, around the highest level seen since the beginning of the year. “Bitcoin is on the verge of a major breakout as the price is on course to test the $45k, which has been a strong resistance since mid-January,” said Yuya Hasegawa, an analyst at Japanese crypto exchange Bitbank. Similar price action was seen among some smaller cryptocurrencies, or “altcoins,” with and both up around 5%.

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